SINCLAIR GARAGES (SWANSEA) 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

  +24.9%

  £192,016,343 → £239,819,964

  highest in 4 filed years

• Cash

  -24.9%

  £4,480,523 → £3,362,921

• Net assets

  +6%

  £11,227,839 → £11,899,403

• Employees

  +59.1%

  93 → 148

• Operating profit

  -33.5%

  £4,221,010 → £2,807,363

• Profit before tax

  -60%

  £3,138,839 → £1,255,107

  lowest in 4 filed years

• Wages

  +15.2%

  £5,281,625 → £6,084,143

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. SINCLAIR GARAGES (SWANSEA) LIMITED 2019-01-24 → present
2. WALTERS AUTOMOTIVES LIMITED 2009-02-19 → 2019-01-24
3. WALTERS REMEDIATION LIMITED 2007-03-06 → 2009-02-19

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Haines Watts Wales LLP, Statutory Auditors

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 financial statements are authorised for issue.”

Significant events

• “2024 represented a year of ongoing performance challenges for ourselves and the motor industry across the UK.”
• “The industry issues, such as the used car realignment at the end of 2023, and the UK Government's ZEV mandate pressure to achieve electric sales volumes in 2024, combined to have impacts on new and used car volumes and profits throughout 2024.”
• “wider economic challenges and uncertainty of both UK and US general elections, continually higher interest rates, high inflation and a new UK budget that placed increased costs and strain on UK businesses, all contributed to lower customer confidence and lower consumer spend.”
• “The unavoidable result of these issues was a year where customers were increasingly uncertain, and all our businesses experienced a reduction in consumer visits, sales and ultimately profitability.”
• “Our new car departments continued to drive volumes forward following difficult supply issues of the previous years.”
• “In addition, the market realignment of used car values had a significant impact on the profitability of our used car departments during the first half of 2024.”
• “The Group's service and parts departments had another very strong year during 2024. At a group level both departments resulted in an increase in turnover and profitability.”
• “As a board we are extremely confident that 2025 will result in a return to increased profitability. Our new car volumes will continue to grow, with an increase in profit per unit as manufacturers increase the support on electric cars to help consumers commit to purchase.”
• “Also, our used car stock is in a much better position entering 2025 which will have a dramatic result in increasing overall sales profitability.”

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

Filings

1

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.