PRASCO UK LIMITED
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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
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| 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 | 63 | — | — | — | 78 | 81 | |
| 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
-
Turnover
+14.4%
£16,726,280 £19,139,269
-
Cash
+114%
£709,965 £1,519,543
highest in 3 filed years
-
Net assets
+37.8%
£3,369,679 £4,644,693
highest in 3 filed years
-
Employees
+3.8%
78 81
highest in 3 filed years
-
Operating profit
+67.4%
£1,041,347 £1,743,121
-
Profit before tax
+72.1%
£1,011,739 £1,741,431
-
Wages
+11.8%
£2,876,920 £3,216,371
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| 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 | — | — | — | — | 1.63x | 2.16x | |
| Interest cover | — | — | — | — | 33.92x | 145.11x |
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
- PRASCO UK LIMITED 2014-03-27 → present
- 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
- “Turnover increased by 14.4%, rising from £16.73 million in 2024 to £19.14 million in 2025, driven by continued expansion in market share, enhanced stock availability, and improved customer demand. Gross profit margin also improved, rising from 46.1% to 47.7%, reflecting both procurement efficiencies and better sales mix.”
- “Cash reserves increased notably in the year, supporting the Company's liquidity and funding future investment in operations and digital capabilities.”
- “The Company invests in: - Broadening its product range to include newer model variants and parts relevant to electric and hybrid vehicles. - Enhancing its technology stack, including investment in digital platforms and customer relationship tools.”
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 | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-06 | AA | accounts | Accounts with accounts type medium | |
| 2024-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-24 | AA | accounts | Accounts with accounts type full | |
| 2024-04-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-08-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-14 | AA | accounts | Accounts with accounts type full | |
| 2022-08-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-12 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-08-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-03-23 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-03-18 | AP01 | officers | Appoint person director company with name date | |
| 2021-02-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-09-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-06-02 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-12-03 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2019-12-03 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.