JOTA DEVELOPMENT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-24 (in 9mo)
Last made up 2026-02-10
Watchouts
None on the register
Cash
£2M
-37.9% vs 2023
Net assets
-£1M
-0.9% lowest in 6 filed years
Employees
24
0% vs 2023
Profit before tax
-£2M
-21.1% vs 2023
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £11,356,989 | £12,996,018 | |
| Operating profit | — | — | — | — | -£1,317,122 | -£1,394,737 | |
| Profit before tax | — | — | — | — | -£1,290,774 | -£1,562,929 | |
| Net profit | — | — | — | — | -£455,941 | -£982,513 | |
| Cash | £1,153,110 | £283,419 | £504,011 | £2,052,927 | £3,927,513 | £2,439,921 | |
| Total assets less current liabilities | £263,355 | -£39,336 | £312,707 | -£614,445 | -£69,441 | £1,409,076 | |
| Net assets | £263,355 | -£39,336 | £312,707 | -£614,445 | -£1,070,386 | -£1,080,134 | |
| Equity | £263,355 | -£39,336 | £312,707 | -£614,445 | -£1,070,386 | -£1,080,134 | |
| Average employees | 28 | 25 | 24 | 24 | 24 | 24 | |
| Wages | — | — | — | — | £951,591 | £1,143,761 | |
| Directors' remuneration | — | — | — | — | £75,000 | — |
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
-
Turnover
+14.4%
£11,356,989 £12,996,018
-
Cash
-37.9%
£3,927,513 £2,439,921
-
Net assets
-0.9%
-£1,070,386 -£1,080,134
lowest in 6 filed years
-
Employees
0%
24 24
-
Operating profit
-5.9%
-£1,317,122 -£1,394,737
-
Profit before tax
-21.1%
-£1,290,774 -£1,562,929
-
Wages
+20.2%
£951,591 £1,143,761
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 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -11.6% | -10.7% | |
| Net margin | — | — | — | — | -4.0% | -7.6% | |
| Return on capital employed | — | — | — | — | 1896.7% | -99.0% | |
| Gearing (liabilities / total assets) | — | — | — | — | 112.4% | 117.5% | |
| Current ratio | — | — | — | — | 0.89x | 1.11x | |
| Interest cover | — | — | — | — | — | -8.33x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Harris & Co (Accountants) Ltd
- 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.”
Significant events
- “In 2024 the Company ran 2 Porsche 963's as a private entrant in all 8 rounds of the FIA WEC with drivers Will Stevens, Callum Illot, Norman Nato, Jenson Button, Oliver Rasmussen & Phil Hanson. The team finished 1st & 2nd in the Hypercar World Cup (privateer category) with the highlight of the season being an outright win in the Spa round of the FIA WEC.”
- “The losses of £1,130,060 before tax in the race program were financed by the capital investment that Knighthead had made at the end of 2023.”
- “conversations with General Motors to run the Cadillac factory program started early in 2024 and Jota Development is now running their Hyper Car race program for 2025.”
- “In May 2024 Jota Development signed a 3 year agreement with General Motors to run Cadillac branded cars in the FIA WEC in 2025 / 2026 / 2027.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALVAREZ, Matthew Lewis | Director | 2023-12-22 | Sep 1971 | American |
| CLARK, David | Director | 2013-11-01 | Sep 1947 | British |
| GROW, Patrick Daniel | Director | 2023-12-22 | Oct 1991 | American |
| HIGNETT, Sam | Director | 2013-11-01 | Jan 1979 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DOLAN, Simon James | Director | 2016-01-01 | 2020-02-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Jota Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-11-11 | Active |
| Mr David Clark | Individual | Voting 25–50% | 2016-04-06 | Ceased 2022-11-11 |
| Mr Samuel John Hignett | Individual | Shares 50–75% | 2016-04-06 | Ceased 2022-11-11 |
| Mr Simon James Dolan | Individual | Shares 25–50% | 2016-04-06 | Ceased 2020-02-14 |
Filing timeline
Last 20 of 42 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-17 | AA | accounts | Accounts with accounts type full | |
| 2025-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2024-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-22 | AD03 | address | Move registers to sail company with new address | |
| 2024-02-21 | AD02 | address | Change sail address company with new address | |
| 2024-01-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-24 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2023-02-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-22 | CH01 | officers | Change person director company with change date | |
| 2023-02-22 | CH01 | officers | Change person director company with change date | |
| 2022-11-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-11-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-11-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-09-29 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2022-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-11 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2021-02-12 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.