MISTSOLAR HOLDINGS LIMITED

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

  -10%

  £49,525,266 → £44,566,044

• Cash

  -49.3%

  £1,730,934 → £878,434

• Net assets

  +0.5%

  £4,310,479 → £4,329,937

• Employees

  -4.6%

  87 → 83

• Operating profit

  -24%

  £550,098 → £418,338

• Profit before tax

  -89.6%

  £232,950 → £24,213

• Wages

  +5.5%

  £2,959,136 → £3,122,751

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

BPU Limited

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 the 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. MISTSOLAR HOLDINGS LIMITED · parent
   1. Mistsolar Group Limited 100% · Holding company
   2. Mistsolar Limited 100% · United Kingdom · Motor Garage
   3. Redi-87 Limited 100% · United Kingdom · Investment Property

Significant events

• “New Vehicle Sales saw a decline in volumes and a decline in margins as Ford's share of the market has declined as traditional ICE vehicles have not yet fully been replaced with EVs. To counter the decline in New we have invested in used vehicles, and we now see that this action is replacing the reduced revenue on new.”
• “Household income is still coming under pressure from inflation and increased mortgage costs and are vigilant to the changing needs of our customers.”
• “Interest charges were up by £66K and we have taken action to reduce this in the future.”
• “Interest rates remaining high is one of the biggest risks to the business, as 90% of vehicle sales are purchased with some sort of finance. This will lead to higher monthly payments for customers, as will the switch to electric vehicles as these products tend to be more expensive. High interest rates may also reduce available household disposable income, particularly as domestic mortgages come off previous fixed rate deals at lower interest rates.”
• “The Company relies on its Computer systems any disruption to the system would impact the company's ability to operate. The Company has invested in offsite storage with the latest technology and has continuity plans.”
• “The company continues its strategy of consolidating its position by growing all departments and in particular is investing in capital and training to take advantage of the evolving market in electric vehicles.”
• “The FCA are currently reviewing the past use of motor finance discretionary commission arrangements in connection with the sale of motor finance products. A ruling by the Court of Appeal has raised the possibility of liability among motor finance firms wherever commissions were not properly disclosed to customers.”

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

Filings

2

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.