READ HYUNDAI LIMITED

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

• Turnover

  -25.3%

  £27,816,747 → £20,779,683

• Cash

  -99%

  £96,410 → £929

• Net assets

  -0.6%

  £2,997,272 → £2,979,834

• Employees

  +1.4%

  73 → 74

• Operating profit

  -31.7%

  £505,550 → £345,102

• Profit before tax

  -59.6%

  £251,877 → £101,706

• Wages

  -0.8%

  £1,776,268 → £1,761,884

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

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.

1. READ HYUNDAI LIMITED 2010-03-02 → present
2. PHILIP MIDDLETON CAR SALES LIMITED 2005-09-02 → 2010-03-02

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Forrester Boyd Robson 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 company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Significant events

• “The ongoing war in Ukraine, US tariffs and economic and political uncertainty in the UK continue to be concerns. Coupled with increased competition particularly from new Chinese brands.”
• “The key sources of estimation uncertainty surround the net realisable value of year end stocks and in the last few years, the impact of major events such as the Ukraine war and the ongoing cost of living crisis on the future trading.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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