SPORTS CARS (ENGLAND) ACQUISITIONS LIMITED
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Cash
£3.2K
+27.1% vs 2023
Net assets
-£48M
-26.3% vs 2023
Employees
2
0% vs 2023
Profit before tax
-£13M
+35.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | -£9,737,325 | £652 | +100% | |
| Profit before tax | -£20,728,432 | -£13,429,628 | +35.2% | |
| Net profit | -£18,729,639 | -£10,087,383 | +46.1% | |
| Cash | £2,503 | £3,182 | +27.1% | |
| Total assets less current liabilities | £56,519,759 | £64,998,116 | +15% | |
| Net assets | -£38,326,771 | -£48,414,154 | -26.3% | |
| Equity | -£38,326,771 | -£48,414,154 | -26.3% | |
| Average employees | 2 | 2 | 0% | |
| Wages | £561,533 | £302,808 | -46.1% | |
| Directors' remuneration | £561,533 | £302,808 | -46.1% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -17.2% | 0.0% | |
| Current ratio | 15.62x | 50.31x | |
| Interest cover | -0.89x | 0.00x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements have been drawn up on the going concern basis as confirmation of support has been received from the parent company.”
Group structure
- SPORTS CARS (ENGLAND) ACQUISITIONS LIMITED · parent
- Morgan Motor Company Limited 100%
- Morgan Works - Malvern Limited 100%
Significant events
- “The company incurred a £10.1m loss after tax for the year ended 31 December 2024 (2023 £18.7m) and had net liabilities of £48.4m at the year end (2023 £38.3m).”
- “Strategic one-off costs of £53,092 incurred in 2024.”
- “Supplier restructuring costs of £47,500 incurred in 2023.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BODEN, Colin George | Director | 2019-04-03 | Sep 1984 | British |
| HOLE, Matthew | Director | 2024-10-31 | Mar 1981 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FALCONE, Marcello | Director | 2019-02-21 | 2019-04-03 |
| FUMAROLA, Massimo Francesco | Director | 2022-04-25 | 2024-10-31 |
| GRANDPRE, Julien | Director | 2019-02-21 | 2019-04-03 |
| MORRIS, Steven David | Director | 2019-04-03 | 2022-12-31 |
| RAMSDEN, Natalie Katherine | Director | 2019-02-21 | 2019-04-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sports Cars (England) 1 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-02-21 | Active |
Filing timeline
Last 20 of 30 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-04 | AA | accounts | Accounts with accounts type full | |
| 2025-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-30 | AA | accounts | Accounts with accounts type full | |
| 2024-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-26 | AA | accounts | Accounts with accounts type full | |
| 2023-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-13 | AA | accounts | Accounts with accounts type full | |
| 2022-04-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-29 | AA | accounts | Accounts with accounts type full | |
| 2021-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-07 | AA | accounts | Accounts with accounts type full | |
| 2020-03-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-03-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-03-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-10-22 | AA01 | accounts | Change account reference date company current shortened |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.