SPA MOTORS (MID WALES) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-23 (in 4mo)
Last made up 2025-09-09
Watchouts
Cash
£191K
-51.3% vs 2023
Net assets
£3M
+27.7% highest in 6 filed years
Employees
39
+295% highest in 6 filed years
Profit before tax
£816K
+59% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
10-year trend · vs Consumer Discretionary median
Accounts
10-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | — | £14,420,950 | £17,726,960 | |
| Operating profit | — | — | — | — | — | — | — | — | £739,331 | £973,027 | |
| Profit before tax | — | — | — | — | — | — | — | — | £513,164 | £815,831 | |
| Net profit | — | — | — | — | — | — | — | — | £320,162 | £611,697 | |
| Cash | £229,716 | — | £3,891 | — | £83,044 | — | £121,398 | — | £393,259 | £191,451 | |
| Total assets less current liabilities | — | — | — | — | — | — | — | — | £3,461,277 | £4,055,475 | |
| Net assets | £282,324 | — | £477,731 | — | £1,068,619 | — | £1,651,110 | — | £2,207,662 | £2,819,359 | |
| Equity | £282,324 | — | £477,731 | — | £1,068,619 | — | £1,651,110 | — | £2,207,662 | £2,819,359 | |
| Average employees | -3 | — | -5 | — | -11 | — | -13 | — | -20 | 39 | |
| Wages | — | — | — | — | — | — | — | — | £541,148 | £981,073 | |
| Directors' remuneration | — | — | — | — | — | — | — | — | £90,070 | £151,018 |
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
+22.9%
£14,420,950 £17,726,960
-
Cash
-51.3%
£393,259 £191,451
-
Net assets
+27.7%
£2,207,662 £2,819,359
highest in 6 filed years
-
Employees
+295%
-20 39
highest in 6 filed years
-
Operating profit
+31.6%
£739,331 £973,027
-
Profit before tax
+59%
£513,164 £815,831
-
Wages
+81.3%
£541,148 £981,073
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 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 5.1% | 5.5% | |
| Net margin | — | — | — | — | — | — | — | — | 2.2% | 3.5% | |
| Return on capital employed | — | — | — | — | — | — | — | — | 21.4% | 24.0% | |
| Current ratio | — | — | — | — | — | — | — | — | 1.17x | 1.26x | |
| Interest cover | — | — | — | — | — | — | — | — | 25.68x | 6.01x |
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
- Consolidated group
- Auditor
- RCH Accountants Limited
- Audit opinion
- Qualified
- 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 group's and parent 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.”
Group structure
- SPA MOTORS (MID WALES) LIMITED · parent
- Lansdowne West Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GLADWIN, Tracey Andrea | Secretary | 2024-09-06 | — | — |
| HUNTER, Gareth Rex | Director | 2023-09-14 | Jul 1979 | British |
| MILLS, Ernie Cameron Evans | Director | 2019-12-20 | Nov 1995 | Welsh |
| MILLS, Stephen David | Director | 2014-09-09 | Sep 1965 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Ernie Cameron Evans Mills | Individual | Shares 25–50%, Voting 25–50% | 2024-07-01 | Active |
| Stephen David Mills | Individual | Shares 50–75%, Voting 50–75% | 2016-09-20 | Active |
Filing timeline
Last 20 of 40 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-18 | AA | accounts | Accounts with accounts type group | |
| 2025-09-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-19 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-02 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-07-02 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-09-25 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-09-21 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-18 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-12 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-08-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-15 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2022-03-07 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-11-02 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2021-09-16 | CS01 | confirmation-statement | Confirmation statement with no updates |
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.