BORG AUTOMOTIVE UK LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-03-24 (in 10mo)
Last made up 2026-03-10
Watchouts
None on the register
Cash
£874K
-41.3% vs 2024
Net assets
£7M
-3% vs 2024
Employees
166
-0.6% vs 2024
Profit before tax
£1M
+31.3% vs 2024
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2025-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £20,155,784 | £25,997,799 | |
| Operating profit | — | — | — | — | — | £1,169,203 | £1,558,288 | |
| Profit before tax | — | — | — | — | — | £1,069,591 | £1,404,247 | |
| Net profit | — | — | — | — | — | £1,365,751 | -£221,438 | |
| Cash | — | £485,929 | — | — | — | £1,487,262 | £873,502 | |
| Total assets less current liabilities | — | £6,853,002 | — | — | — | £10,437,474 | £7,291,992 | |
| Net assets | — | £3,170,493 | — | — | — | £7,278,179 | £7,056,741 | |
| Equity | £2,282,116 | £3,170,493 | £3,413,153 | £4,374,429 | £5,912,427 | £7,278,179 | £7,056,741 | |
| Average employees | — | 117 | — | — | — | 167 | 166 | |
| Wages | — | — | — | — | — | £4,718,891 | £6,396,675 | |
| Directors' remuneration | — | — | — | — | — | £123,600 | £123,600 |
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
+29%
£20,155,784 £25,997,799
-
Cash
-41.3%
£1,487,262 £873,502
-
Net assets
-3%
£7,278,179 £7,056,741
-
Employees
-0.6%
167 166
-
Operating profit
+33.3%
£1,169,203 £1,558,288
-
Profit before tax
+31.3%
£1,069,591 £1,404,247
-
Wages
+35.6%
£4,718,891 £6,396,675
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 5.8% | 6.0% | |
| Net margin | — | — | — | — | — | 6.8% | -0.9% | |
| Return on capital employed | — | — | — | — | — | 11.2% | 21.4% | |
| Current ratio | — | — | — | — | — | 6.52x | 2.88x | |
| Interest cover | — | — | — | — | — | 10.43x | 9.19x |
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 2 times since incorporation
- BORG AUTOMOTIVE UK LIMITED 2019-10-04 → present
- CAR PARTS INDUSTRIES UK LIMITED 2012-01-11 → 2019-10-04
- CARDONE INDUSTRIES UK LIMITED 2008-05-07 → 2012-01-11
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Thorne Widgery Accountancy Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The director has considered the managed wind-down plan, expected cash flows, restructuring costs, and Group support arrangements. On this basis, the director is satisfied that the company will have sufficient resources to meet its obligations as they fall due through to completion of closure in April 2026.”
Group structure
- BORG AUTOMOTIVE UK LIMITED · parent
- Electro Steer Ltd 100%
Significant events
- “As of 31 December 2025, the UK site had substantially ceased production activities and entered a managed wind-down phase. Full site closure is expected to be completed by April 2026.”
- “Following the Board's decision in Q4 2025, the company undertook a formal collective consultation process in accordance with UK employment legislation.”
- “We draw attention to the fact that post the year end the Company has taken the decision to cease its UK operations. This decision is expected to result in the orderly wind-down of trading activities, the redundancy of staff, and the settlement of outstanding obligations. This will take place within the next 12 months post year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ZIĘBA, Marcin Przemysław | Director | 2023-08-04 | Jan 1971 | Polish |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SPUHLER, Ronald | Secretary | 2008-05-07 | 2010-01-01 |
| ANDERSEN, Kim Kruse | Director | 2014-06-02 | 2015-05-11 |
| BUGGE, Lars | Director | 2013-08-01 | 2014-05-02 |
| CALO, Peter | Director | 2008-05-07 | 2011-12-22 |
| GRIFFITHS, Alan | Director | 2015-05-11 | 2016-07-31 |
| KULL, Linda | Director | 2008-05-07 | 2011-12-22 |
| MIKKELSEN, Ivan | Director | 2011-12-22 | 2013-08-01 |
| SPUHLER, Ronald | Director | 2008-05-07 | 2010-01-01 |
| WATERSON, Lee John | Director | 2016-08-01 | 2023-08-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aktieselskabet Schouw & Co. | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-04-03 | Active |
| Mr Soren Ulrik Toft-Jensen | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2017-04-02 |
Filing timeline
Last 20 of 82 total filings
Material constitutional events — rename, articles re-file, resolution
- 2019-10-16 RESOLUTIONS Resolution
- 2019-10-04 RESOLUTIONS Resolution PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-15 | AA | accounts | Accounts with accounts type group | |
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-18 | AA | accounts | Accounts with accounts type group | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type group | |
| 2024-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-04 | AA | accounts | Accounts with accounts type group | |
| 2023-08-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-06-29 | AA | accounts | Accounts with accounts type group | |
| 2022-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-14 | AA | accounts | Accounts with accounts type group | |
| 2021-04-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-30 | AA | accounts | Accounts with accounts type group | |
| 2020-03-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-16 | RESOLUTIONS | resolution | Resolution | |
| 2019-10-04 | RESOLUTIONS | resolution | Resolution | |
| 2019-05-02 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.