INDEPENDENT MOTOR FACTORS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-20 (in 4mo)
Last made up 2025-09-06
Watchouts
Cash
£864K
Latest balance sheet
Net assets
£4M
first positive since 2019
Employees
212
highest in 7 filed years
Profit before tax
£4M
highest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
10-year trend · vs Consumer Discretionary median
Accounts
10-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-08-30 | 2020-08-30 | 2020-09-01 | 2021-08-30 | 2021-08-31 | 2021-09-01 | 2022-08-31 | 2022-09-01 | 2023-08-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £11,090,884 | — | £13,466,576 | — | £16,619,253 | £26,409,885 | |
| Operating profit | — | — | — | — | £2,527,015 | — | £2,481,454 | — | £1,230,689 | £3,878,486 | |
| Profit before tax | — | — | — | — | £2,526,994 | — | £2,481,454 | — | £1,540,708 | £3,876,909 | |
| Net profit | — | — | — | — | £1,934,781 | — | £2,124,693 | — | £1,180,554 | £2,717,406 | |
| Cash | £163,016 | £706,669 | — | £1,656,323 | £1,656,323 | £1,656,323 | £1,009,350 | £1,009,350 | £1,497,628 | £863,991 | |
| Total assets less current liabilities | -£263,556 | £494,091 | — | £2,902,248 | £2,235,309 | — | £3,876,763 | — | £4,073,235 | £3,829,381 | |
| Net assets | -£302,714 | £390,465 | — | £2,832,989 | £2,166,050 | — | £3,790,743 | — | £3,971,297 | £3,688,703 | |
| Equity | -£302,714 | £390,465 | £390,465 | £2,832,989 | £2,166,050 | £2,832,989 | £3,790,743 | £3,790,743 | £3,971,297 | £3,688,703 | |
| Average employees | 46 | 97 | — | 131 | 131 | — | 154 | — | 187 | 212 | |
| Wages | — | — | — | — | £2,712,801 | — | £3,444,351 | — | £4,268,356 | £6,972,895 | |
| Directors' remuneration | — | — | — | — | — | — | £102,500 | — | £409,992 | £523,749 |
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 2023-08-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-08-30 | 2020-08-30 | 2020-09-01 | 2021-08-30 | 2021-08-31 | 2021-09-01 | 2022-08-31 | 2022-09-01 | 2023-08-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 22.8% | — | 18.4% | — | 7.4% | 14.7% | |
| Net margin | — | — | — | — | 17.4% | — | 15.8% | — | 7.1% | 10.3% | |
| Return on capital employed | — | — | — | — | 113.0% | — | 64.0% | — | 30.2% | 101.3% | |
| Current ratio | — | — | — | — | — | — | — | — | 2.29x | 1.94x | |
| Interest cover | — | — | — | — | 6163.45x | — | — | — | — | 2066.32x |
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
- Standalone (parent only)
- Auditor
- Haslers
- 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 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.”
Significant events
- “There have been no significant events affecting the Company since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AUSTIN, Jonathan Paul | Director | 2024-04-11 | May 1962 | British |
| RATCLIFFE, Nicholas James | Director | 2018-03-23 | Feb 1975 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDERSON, Keith Eric | Director | 2018-03-23 | 2024-03-27 |
| BENNETT, John Leonard | Director | 2018-03-23 | 2025-11-18 |
| BENNETT, Mark Amos | Director | 2018-03-23 | 2025-11-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Jayar Components Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-11-18 | Active |
| Mr John Leonard Bennett | Individual | Shares 25–50%, Voting 25–50% | 2023-09-05 | Ceased 2025-11-18 |
| Mr Nicholas James Ratcliffe | Individual | Shares 25–50%, Voting 25–50% | 2018-03-23 | Ceased 2025-11-18 |
| Mrs Michele Eileen Ratcliffe | Individual | Shares 25–50% | 2018-03-23 | Ceased 2021-03-24 |
Filing timeline
Last 20 of 37 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-09-26 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-09-11 | CH01 | officers | Change person director company with change date | |
| 2025-09-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-30 | CH01 | officers | Change person director company with change date | |
| 2025-05-29 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-29 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-29 | CH01 | officers | Change person director company with change date | |
| 2025-05-29 | CH01 | officers | Change person director company with change date | |
| 2024-10-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-16 | AA01 | accounts | Change account reference date company current extended | |
| 2024-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-29 | AA | accounts | Accounts with accounts type full | |
| 2024-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-09-26 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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.