UNDERWOODS GARAGE (TIPTREE) LIMITED
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Cash
£3.4m
-3.6% lowest in 3 filed years
Net assets
£18m
+1.1% vs 2024
Employees
81
+2.5% vs 2024
Profit before tax
£654k
+286.2% vs 2024
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £39,796,903 | £26,928,056 | £26,773,401 | -0.6% | |
| Operating profit | £858,707 | £134,971 | £609,247 | +351.4% | |
| Profit before tax | £862,476 | £169,230 | £653,576 | +286.2% | |
| Net profit | £674,653 | £119,622 | £485,891 | +306.2% | |
| Cash | £3,847,294 | £3,485,050 | £3,358,338 | -3.6% | |
| Total assets less current liabilities | £19,600,130 | £19,286,285 | £19,476,333 | +1% | |
| Net assets | £18,254,761 | £17,904,383 | £18,093,146 | +1.1% | |
| Equity | £18,254,761 | £17,904,383 | £18,093,146 | +1.1% | |
| Average employees | 102 | 79 | 81 | +2.5% | |
| Wages | £2,726,499 | £3,079,357 | £2,740,328 | -11% | |
| Directors' remuneration | £191,204 | £489,232 | £124,400 | -74.6% | |
| Highest paid director | £141,524 | £433,136 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 2.2% | 0.5% | 2.3% | |
| Net margin | 1.7% | 0.4% | 1.8% | |
| Return on capital employed | 4.4% | 0.7% | 3.1% | |
| Gearing (liabilities / total assets) | 17.5% | 7.2% | 7.1% | |
| Current ratio | 2.28x | 2.01x | 2.09x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Lambert Chapman LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are comfortable that the company has adequate resources to maintain operations for the foreseeable future.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WIGGINS, Gerald | Secretary | 1994-03-18 | — | British |
| O'KEEFFE, Carolyn Ann | Director | — | Oct 1959 | British |
| WIGGINS, Gerald | Director | — | Oct 1952 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WAYLETT, Mary | Secretary | — | 1994-03-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Gerald Wiggins | Individual | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 124 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-14 | AA | accounts | Accounts with accounts type full | |
| 2026-05-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-09 | AA | accounts | Accounts with accounts type full | |
| 2025-06-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-23 | AA | accounts | Accounts with accounts type full | |
| 2024-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2023-06-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-12 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2023-05-12 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2023-04-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-05 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.