STEER AUTOMOTIVE GROUP 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

  +65.7%

  £282,865,805 → £468,681,897

• Cash

  +79.7%

  £14,686,705 → £26,385,359

  highest in 4 filed years

• Net assets

  -82.6%

  £11,076,240 → £1,930,544

  lowest in 4 filed years

• Employees

  +102%

  2,016 → 4,073

  highest in 4 filed years

• Operating profit

  -253.7%

  £5,853,473 → -£8,997,503

• Profit before tax

  -248.5%

  £6,196,261 → -£9,199,398

• Wages

  +73.1%

  £90,984,867 → £157,537,275

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. STEER AUTOMOTIVE GROUP LIMITED 2019-01-31 → present
2. BALDWINS REPAIR GP LIMITED 2012-10-04 → 2019-01-31

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors consider that it is appropriate to adopt the going concern basis in preparing the financial statements. In making this statement the directors have satisfied themselves that based on its current base case projections, the Group/company has access to sufficient cash funds and borrowing facilities and can reasonably expect those facilities to be available to meet the Group's foreseeable cash requirements.”

Group structure

1. STEER AUTOMOTIVE GROUP LIMITED · parent
   1. Tyne Tees Vehicle Repair Group Limited 100% · England and Wales · Vehicle repair
   2. Bennett's (Scotland) Limited 100% · Scotland · Vehicle repair
   3. Bennett's Holdco Limited 100% · Scotland · Holding company
   4. Wheel Robot Limited 100% · England and Wales · Dormant
   5. Nuview Group Limited 100% · England and Wales · Holding company
   6. Faseko Limited 100% · England and Wales · Dormant
   7. Rye Street Bishops Stortford Limited 100% · England and Wales · Vehicle repair

Significant events

• “On 15 April 2024, the majority shareholding of Torrent Holdco Limited, the Group's ultimate parent company at that point, was acquired by Compass Bidco Limited, supported by the investment from Oakley Capital Fund V "Oakley Capital".”
• “Following the year end the group has continued to expand via selective acquisitions funded through cash. In the period since the year end up to the date of approval of these accounts, the group invested in two further businesses within the automotive repair industry for a total investment of £3.2m.”
• “During the current year, Oakley Capital Fund V acquired a controlling interest in the Company.”

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

Filings

6

last 12 months

Capital events

2

last 24 months

Officers appointed

1

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.