MANHEIM GLOBAL MANAGEMENT UK LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  +4.2%

  £353,509,000 → £368,327,000

• Cash

  -29.3%

  £46,094,000 → £32,576,000

• Net assets

  -5.3%

  £237,319,000 → £224,761,000

• Employees

  +2%

  1,908 → 1,946

  highest in 3 filed years

• Operating profit

  +11.1%

  -£54,434,000 → -£48,413,000

• Profit before tax

  +11%

  -£54,845,000 → -£48,800,000

• Wages

  +9%

  £88,799,000 → £96,797,000

  highest in 3 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

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“During the year the Group incurred a loss of £38.7m (2023: loss £51.1m). At 31 December 2024 the Group is in a net current asset position at the year-end of £25.6m (2023: net current assets £9.3m). On 10 October 2024, the Company issued one ordinary share of £0.10 for consideration of £10.0m to its immediate parent Cox Automotive International SARL ('CAI'). On 12 December 2024, the Company issued one further ordinary share of £0.10 for consideration of £20.0m to its parent CAI. The amounts received above the nominal value of the share were recorded in the share premium account and resulted in a capital injection of £30.0m. The Group operates a centralised treasury function and cash pooling for all UK based entities. The Group retains its £10.0m overdraft facility with Barclays Bank Plc. repayable on demand. At the date of this report, MGMUK report net cash of £26.5m and undrawn facilities of £10.0m. The Directors have prepared cash flow forecasts for the Group with the following considerations: the working capital structure and liquidity of the Group and the ability of the Group to continue to service its creditors as they fall due; the cash and committed funding facilities in place from Barclays; the principal risks facing the Group and its systems of risk mitigation and control; External factors influencing overall performance such as inflation; and the Board approved cash flow forecasts prepared for a period to 31 July 2026. The Directors modelled downside scenarios to consider potential impact on the Group's forecast results and cash flows. Assumptions in the scenarios are reductions in Group EBITDA excluding FX and restructuring, which could result from falls in revenue or increases in costs, driven by market conditions. The Directors also conducted stress testing of the Group's forecasts and, considering reasonable downside sensitivities, the Directors are satisfied that the Group can operate within its available cash resources. After modelling a 50% reduction in Group EBITDA excluding FX and restructuring across all operations, sufficient facility headroom remained in the model across all months. These forecasts demonstrate that the Group has access to sufficient liquidity and will be able to operate within its available facilities during the forecast period to at least 31 July 2026. Accordingly, the Directors have adopted the going concern basis in preparing the Company's financial statements.”

Group structure

1. MANHEIM GLOBAL MANAGEMENT UK LIMITED · parent
   1. Manheim Holdings Limited 100% · UK · Holding company
   2. Cox Automotive UK Limited 100% · UK · Holding company
   3. Manheim Limited 100% · UK · Vehicle remarketing & reconditioning
   4. Cox Automotive Retail Solutions Limited 100% · UK · Retail solutions for vehicle remarketing
   5. We Want Any Car Limited 100% · UK · Used vehicle remarketing
   6. Money4YourMotors.com Limited 100% · UK · Used vehicle remarketing
   7. Movex Logistics Limited 100% · UK · Used vehicle transportation
   8. BIAS 2020 Limited 100% · UK · Holding company
   9. C Walton Limited 100% · UK · Vehicle reconditioning
   10. C Walton Nominees Limited 100% · UK · Dormant
   11. Codeweavers (Holdings) Limited 100% · UK · Holding company
   12. Codeweavers Limited 100% · UK · Software solutions for vehicle remarketing
   13. Codeweavers Information Services Limited 100% · UK · Dormant
   14. Kingfisher Systems (Scotland) Limited 100% · UK · Software solutions for vehicle remarketing
   15. Manheim Portugal, Lda 100% · Portugal · Used vehicle remarketing
   16. Unileiloes 100% · Portugal · Dormant
   17. Manheim Directo SL 50% · Spain · Fleet management and remarketing of used vehicles
   18. Cox Automotive Remarketing GmbH (formerly Manheim Deutschland GmbH) 100% · Germany · Dormant
   19. Modix GmbH 100% · Germany · Software solutions for vehicle remarketing
   20. Modix France SARL 100% · France · Software solutions for vehicle remarketing
   21. pkwNOW GmbH 100% · Germany · Software solutions for vehicle remarketing
   22. Dealer Auction Limited 51% · UK · Used vehicle digital remarketing
   23. Auto Trader Autostock Limited 51% · UK · Dormant
   24. Dealer Auction (Operations) Limited 51% · UK · Dormant
   25. Dealer Auction Services Limited 51% · UK · Dormant
   26. Cox Automotive GEO Limited 100% · UK · Global employment & HR services
   27. Spiers New Technologies UK Limited 100% · UK · Software solutions for vehicle remarketing
   28. Cox Automotive Mobility Solutions UK Limited 100% · UK · Expansion into EV battery market

Significant events

• “During April 2025 the Directors announced their intentions to close Money4YourMotors Limited and WeWantAntCar Limited following a period of difficult trading, following unsuccessful changes to the operating model and no alternative to closure being identified. The Group intends to liquidate its assets and settle its liabilities in preparation for an eventual wind-down.”
• “During April 2025 the Directors announced their intentions to close Modix Germany operations following a period of customer attrition and reducing market demand for its core product offering. Any retained customers will look to be transitioned to UK entities, and retained employees will transfer to a new employing entity.”
• “During Q1 of 2025, the Group has sought to expand its European footprint in preparation for an expansion of European reach. Linked to this, two new legal entities have been created after the year-end as follows: Cox Automotive Europe Limited, Cox Automotive Germany GmbH, Cox Automotive Netherlands B.V., Cox Automotive Austria GmbH, Cox Automotive Italy Srl”
• “On 26 June 2025, the Company issued one ordinary share of £0.10 nominal value for a total consideration of $20.0m (c. £14.7m) to its parent company. The amount received over the nominal value of the share was recorded as share premium.”
• “On 1 July 2025, the Group acquired the final 50% of the shares in Manheim Directo SL from the minority shareholder for £2.0m, resulting in it becoming a 100% owned subsidiary.”

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

Filings

5

last 12 months

Capital events

3

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.