SOUTHERN MOTOR GROUP HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-06 (in 2mo)
Last made up 2025-06-22
Watchouts
Cash
£3M
-19.9% vs 2023
Net assets
£5M
+12.1% highest in 3 filed years
Employees
86
+2.4% highest in 4 filed years
Profit before tax
£645K
-81.6% 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
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 | — | — | — | — | £59,349,458 | £55,510,029 | |
| Operating profit | — | — | — | — | £3,691,833 | £988,796 | |
| Profit before tax | — | — | — | — | £3,507,518 | £644,512 | |
| Net profit | £160,000 | £1,000,000 | — | — | £2,747,788 | £558,250 | |
| Cash | — | — | — | — | £3,872,522 | £3,102,830 | |
| Total assets less current liabilities | £8,000 | — | — | — | £7,814,799 | £9,072,164 | |
| Net assets | — | — | — | — | £4,622,075 | £5,180,325 | |
| Equity | — | — | £3,565,627 | £4,366,287 | £4,622,075 | £5,180,325 | |
| Average employees | 0 | 0 | — | — | 84 | 86 | |
| Wages | £0 | £0 | — | — | £3,754,357 | £4,999,605 | |
| Directors' remuneration | — | — | — | — | £132,000 | £132,000 |
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
-6.5%
£59,349,458 £55,510,029
-
Cash
-19.9%
£3,872,522 £3,102,830
-
Net assets
+12.1%
£4,622,075 £5,180,325
-
Employees
+2.4%
84 86
highest in 4 filed years
-
Operating profit
-73.2%
£3,691,833 £988,796
-
Profit before tax
-81.6%
£3,507,518 £644,512
-
Wages
+33.2%
£3,754,357 £4,999,605
highest in 4 filed years
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 | — | — | — | — | 6.2% | 1.8% | |
| Net margin | — | — | — | — | 4.6% | 1.0% | |
| Return on capital employed | — | — | — | — | 47.2% | 10.9% | |
| Gearing (liabilities / total assets) | — | — | — | — | 78.2% | 75.7% | |
| Current ratio | — | — | — | — | 1.23x | 1.34x | |
| Interest cover | — | — | — | — | 13.59x | 2.11x |
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
- Gravita Audit II 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.”
Group structure
- SOUTHERN MOTOR GROUP HOLDINGS LIMITED · parent
- S M Group Trading Limited 100%
- The Southern Motor Group Limited 100%
- Whitgift Hire Company Limited 100%
Significant events
- “Sales of new vehicles suffered in the second half of the year due to the run out of the old transporter in preparation for the new model in 2025. This meant a supply shortage on the most popular model in the brand, contributing to a fall of 14% in new unit sales”
- “The difficulty in purchasing good quality used vehicles led to an increase in preparation costs and a lower profit margin per unit.”
- “The rental operation continues to deliver a strong performance, but the gross profit was significantly impacted by the continual fall in profit on disposal of vehicles in the year as an ageing fleet was refreshed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PRICE, Peter John | Director | 2015-06-22 | Oct 1966 | British |
| PRICE, Stephen Paul | Director | 2015-06-22 | Mar 1964 | English |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Peter John Price | Individual | Shares 25–50% | 2016-04-06 | Active |
| Stephen Paul Price | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 32 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-05 | CH01 | officers | Change person director company with change date | |
| 2025-07-08 | AA | accounts | Accounts with accounts type group | |
| 2025-07-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-16 | AAMD | accounts | Accounts amended with accounts type full | |
| 2024-07-01 | AA | accounts | Accounts with accounts type group | |
| 2024-06-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-24 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-24 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-06-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-02 | AA | accounts | Accounts with accounts type group | |
| 2022-06-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-05-23 | AA | accounts | Accounts with accounts type group | |
| 2021-06-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-06-14 | AA | accounts | Accounts with accounts type group | |
| 2020-08-12 | AA | accounts | Accounts with accounts type group | |
| 2020-07-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-07-05 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.