GORDON MURRAY AUTOMOTIVE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-21 (in 3mo)
Last made up 2025-08-07
Watchouts
Cash
—
Latest balance sheet
Net assets
-£32M
lowest in 4 filed years
Employees
181
highest in 4 filed years
Profit before tax
-£29M
lowest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-04-01 | 2022-03-31 | 2023-07-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £112,477 | £97,461,407 | |
| Operating profit | — | -£226,520 | -£13,101,598 | -£16,137,998 | -£27,557,818 | |
| Profit before tax | — | -£200,579 | -£13,221,879 | -£16,755,906 | -£28,700,966 | |
| Net profit | — | £309,879 | -£7,756,899 | -£14,376,506 | -£23,332,620 | |
| Cash | — | £40,784,191 | £40,102 | — | — | |
| Total assets less current liabilities | — | £190,110,830 | £296,862,603 | £323,906,406 | £191,772,836 | |
| Net assets | — | £13,312,629 | £5,555,730 | -£8,820,776 | -£32,153,396 | |
| Equity | £6,841,807 | £13,312,629 | £5,555,730 | -£8,820,776 | -£32,153,396 | |
| Average employees | — | 37 | 93 | 109 | 181 | |
| Wages | — | — | — | £3,418,930 | £6,959,714 | |
| Directors' remuneration | — | — | — | £363,425 | £898,057 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-04-01 | 2022-03-31 | 2023-07-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -28.3% | |
| Net margin | — | — | — | — | -23.9% | |
| Return on capital employed | — | -0.1% | -4.4% | -5.0% | -14.4% | |
| Current ratio | — | — | — | 1.04x | 0.38x | |
| Interest cover | — | — | -54.13x | -26.12x | -24.07x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- GORDON MURRAY AUTOMOTIVE LIMITED 2015-10-13 → present
- GORDON MURRAY DESIGN AUTOMOTIVE LIMITED 2008-08-07 → 2015-10-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The 2024 financial year was the first year that the Company generated revenue through handing over customer vehicles to customers. Despite this, the Company generated a loss and is in a net liability position at the end of December 2024. The Company has a strong order book, with vehicles being handed over to customers through-out 2024 and 2025 and this is expected to continue for the foreseeable future. The Directors have prepared a going concern assessment based on forecasts for a period up to December 2027, taking into consideration the current risks and opportunities facing the Company, and the Group of which it is part, and their potential impact on the cash flows expected to be generated. In addition, the Company has received the parental support, provided by Halo Cars Limited, for a period of at least one year from the date of these financial statements. For these reasons, the Directors are satisfied that the Company has access to sufficient funding to continue to operate and meet its liabilities as they fall due for payment for at least the 12 months following the date of approval of these financial statements and the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. As a result, the Directors consider it appropriate to prepare the financial statements on the going concern basis.”
Significant events
- “2024 was a significant year in the Company's history with the delivery of the first 41 of the 100 GMA T.50's vehicles to customers. This marked the culmination of four years of design, engineering and development activity.”
- “During the year, the Company opened its doors to its new manufacturing and customer hand over facility at its headquarters, in Windlesham Surrey.”
- “Post year-end, the Company was the headline sponsor at the Goodwood Festival of Speed in July 2025, and in August 2025, the Group publicly launched the T.55 and T.56 at Monterey Car Week.”
- “Post December 2024, the Group headed up by Gordon Murray Group Holdings Limited was acquired by Halo Cars Limited, a company registered in the British Virgin Islands.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FRASER, James Murray | Secretary | 2024-04-30 | — | — |
| MURRAY, Ian Gordon, Professor | Director | 2008-08-07 | Jun 1946 | British |
| OUASS, Tarik | Director | 2025-12-05 | Sep 1978 | British |
| RAHN, Jamon Alexander | Director | 2025-12-05 | May 1987 | American |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COX, Meyrick | Director | 2019-01-21 | 2020-11-02 |
| FEIBER, Jonathan | Director | 2019-01-21 | 2025-12-05 |
| FORSTER, Carl-Peter Edmund Moriz | Director | 2019-01-21 | 2025-12-05 |
| LEE, Phillip | Director | 2023-03-16 | 2025-11-05 |
| MCLAREN, John Alexander | Director | 2021-04-01 | 2023-06-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gordon Murray Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-06-21 | Active |
| Gordon Murray Design Limited | Corporate entity | Shares 75–100% | 2019-02-21 | Ceased 2019-06-21 |
| Gordon Murray Group Limited | Corporate entity | Shares 75–100% | 2018-11-05 | Ceased 2019-02-21 |
| Professor Ian Gordon Murray | Individual | voting-rights-75-to-100-percent-as-firm | 2016-04-06 | Ceased 2018-11-05 |
Filing timeline
Last 20 of 65 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | AA | accounts | Accounts with accounts type full | |
| 2026-03-04 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-03-03 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-07 | AA01 | accounts | Change account reference date company current shortened | |
| 2024-10-07 | AA | accounts | Accounts with accounts type full | |
| 2024-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-11-07 | AA01 | accounts | Change account reference date company previous extended | |
| 2023-08-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
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.