SALFORD VAN HIRE LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. SALFORD VAN HIRE LIMITED · parent
   1. Program di Autonoleggio Fiorentino SRL 100% · Italy · Contract hire of motor vehicles
   2. Salford Van Hire (Contracts) Limited 100% · UK · Dormant

Significant events

• “Conflict in the Middle East - At the time of writing the conflict in the Middle East has not had any notable impact on the day to day operations of the business but if the conflict escalates this may cause issue for the supply chain which could impact prices of vehicles or repairs and maintenance of vehicles.”
• “UK Election - The increased minimum wage and Increased NI costs on business has led to a greater level of uncertainty across all sectors of the economy.”
• “Interest Rates - Interest remained high in 2024 and this has a negative impact on the business as the cost of financing new vehicles is increased.”
• “The new MOT and maintenance facility in Crumpsall, which was completed at the end of 2022, is now providing reduced maintenance costs and also better scheduling for customer vehicle servicing and this should benefit the business going forward.”
• “War in Ukraine - At the time of writing the war in Ukraine is on going and there is unlikely to be a short term resolution. The direct impact on the business is unknown but we don't operate or purchase supplies directly from this area so there is not expected to be any major changes in performance arising.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.