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Next accounts due

2027-09-30 (in 1y)

Last filed for 2025-12-31

Confirmation statement due

2026-08-13 (in 3mo)

Last made up 2025-07-30

Watchouts

None on the register

Cash

£2M

+114% highest in 3 filed years

Net assets

£5M

+37.8% highest in 3 filed years

Employees

81

+3.8% highest in 3 filed years

Profit before tax

£2M

+72.1% vs 2024

Accounts

6-year trend · latest reflected 2025-12-31

Metric Trend 2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Turnover £16,726,280£19,139,269
Operating profit £1,041,347£1,743,121
Profit before tax £1,011,739£1,741,431
Net profit £739,919£1,275,014
Cash £338,659£709,965£1,519,543
Total assets less current liabilities £1,812,966£3,621,430£4,726,450
Net assets £642,269£3,369,679£4,644,693
Equity £642,269£1,456,069£1,870,862£3,369,679£4,644,693
Average employees 637881
Wages £2,876,920£3,216,371
Directors' remuneration £322,283£340,750

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

Year-on-year

FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating margin 6.2%9.1%
Net margin 4.4%6.7%
Return on capital employed 28.8%36.9%
Gearing (liabilities / total assets) 58.8%45.5%
Current ratio 1.63x2.16x
Interest cover 33.92x145.11x

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.

Name history

Renamed 1 time since incorporation

  1. PRASCO UK LIMITED 2014-03-27 → present
  2. DIRECT AUTOMOTIVE LIMITED 2005-05-11 → 2014-03-27

Audit & accounting basis

Accounting basis
FRS 102 §1A
Reporting scope
Standalone (parent only)
Abridged
Yes — abridged accounts (limited disclosure)
Auditor
Xeinadin Audit Limited
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“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 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.”

Significant events

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

People

4 active · 8 resigned

Name Role Appointed Born Nationality
WAUGH, Kelvyn David Secretary 2019-03-16
BOURNE, Michael Anthony Director 2021-03-18 Jun 1961 British
TSENG, Chiang Chao Director 2025-10-01 Apr 1963 Taiwanese
WAUGH, Kelvyn David Director 2005-05-11 May 1970 British
Show 8 resigned officers
Name Role Appointed Resigned
COWLISHAW, Sharon Secretary 2005-05-11 2005-08-11
EGAN, Darren Secretary 2011-09-13 2019-03-15
SPENCE, David John Secretary 2005-08-11 2011-06-28
WAUGH, Kelvyn David Secretary 2011-06-28 2011-09-13
EGAN, Darren Kevin Director 2005-08-11 2019-03-15
GIBSON, David John Director 2017-11-27 2025-08-15
SPENCE, David John Director 2005-08-11 2011-09-12
THOMPSON, Stephen David Gray Director 2019-02-18 2019-08-31

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mr Darren Kevin Egan Individual Significant influence 2016-04-06 Ceased 2019-03-15
Prasco S.P.A Corporate entity Shares 25–50%, Voting 50–75% 2016-04-06 Active
Mr Kelvyn David Waugh Individual Shares 25–50%, Voting 25–50% 2016-04-06 Active

Filing timeline

Last 20 of 80 total filings

Date Type Category Description
2026-04-29 AA accounts Accounts with accounts type full PDF
2025-10-02 AP01 officers Appoint person director company with name date PDF
2025-08-18 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-08-18 TM01 officers Termination director company with name termination date PDF
2025-05-06 AA accounts Accounts with accounts type medium PDF
2024-08-01 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-04-24 AA accounts Accounts with accounts type full PDF
2024-04-24 MR04 mortgage Mortgage satisfy charge full PDF
2023-08-18 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-06-14 AA accounts Accounts with accounts type full
2022-08-24 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-05-12 AA accounts Accounts with accounts type total exemption full PDF
2021-08-03 CS01 confirmation-statement Confirmation statement with updates PDF
2021-03-23 AA accounts Accounts with accounts type total exemption full PDF
2021-03-18 AP01 officers Appoint person director company with name date PDF
2021-02-22 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2020-09-04 CS01 confirmation-statement Confirmation statement with updates PDF
2020-06-02 AA accounts Accounts with accounts type total exemption full PDF
2019-12-03 PSC04 persons-with-significant-control Change to a person with significant control PDF
2019-12-03 PSC05 persons-with-significant-control Change to a person with significant control PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
5

last 12 months

Capital events
0

last 24 months

Officers appointed
1

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.

Official Companies House page