TGH MIDLANDS LTD

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

  +15.8%

  £21,365,318 → £24,739,886

• Cash

  +71.8%

  £1,728,870 → £2,969,384

  highest in 4 filed years

• Net assets

  +6.8%

  £20,661,017 → £22,073,772

• Employees

  -1.9%

  53 → 52

• Operating profit

  +19.6%

  £4,872,216 → £5,825,147

• Profit before tax

  +23.4%

  £2,443,002 → £3,015,496

• Wages

  +2.1%

  £2,070,590 → £2,114,525

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

CK Audit

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. 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

1. TGH MIDLANDS LTD · parent
   1. Thomas's Group (Birmingham) Limited 100% · England and Wales
   2. Thomas's Truck Rental Limited 100% · England and Wales

Significant events

• “The principal activity of the Group was that of commercial vehicle hire.”
• “The market in the UK is highly competitive and margins continue to be tight. We continue to face strong competition. We are also subject to consumer spending patterns and consumers overall level of disposable income within our economy.”
• “Subsequent to the reporting date, TGH Midlands Limited (the parent company) commenced plans for a group reorganisation by way of a demerger. As part of this restrcuture, TGH Midlands Limited will be demerged from the group and replaced by a new parent company. The restructuring programme has not yet been finalised and therefore no provision for directly attributable costs has been made. The reorganisation will not affect the Group's trading activities, operations or day-to-day business, which will continue as normal. It is expected that the restructuring will be implemented during the next financial year.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.