SPORTS CARS (ENGLAND) ACQUISITIONS LIMITED
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Cash
£2.1k
-32.6% lowest in 3 filed years
Net assets
-£61m
-26.1% lowest in 3 filed years
Employees
1
-50% lowest in 3 filed years
Profit before tax
-£16m
-19.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company's committed banking facilities with HSBC, totalling approximately £23.5 million, are due to mature in July 2027, which falls within the going concern assessment period. At the date of approval of the financial statements, the renewal or replacement of these facilities has not yet been legally committed. These conditions, along with the other matters explained in note 1.4 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | -£9,737,325 | £652 | -£16,461 | -2,624.7% | |
| Profit before tax | -£20,728,432 | -£13,429,628 | -£16,007,269 | -19.2% | |
| Net profit | -£18,729,639 | -£10,087,383 | -£12,620,988 | -25.1% | |
| Cash | £2,503 | £3,182 | £2,146 | -32.6% | |
| Total assets less current liabilities | £56,519,759 | £64,998,116 | £64,990,348 | 0% | |
| Net assets | -£38,326,771 | -£48,414,154 | -£61,035,142 | -26.1% | |
| Equity | -£38,326,771 | -£48,414,154 | -£61,035,142 | -26.1% | |
| Average employees | 2 | 2 | 1 | -50% | |
| Wages | £561,533 | £302,808 | £192,291 | -36.5% | |
| Directors' remuneration | £561,533 | £619,695 | £220,151 | -64.5% | |
| Directors' pension contributions | £6,250 | £31,554 | £27,860 | -11.7% | |
| Highest paid director | £411,572 | £199,632 | £192,291 | -3.7% |
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 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | -17.2% | 0.0% | -0.0% | |
| Gearing (liabilities / total assets) | 167.2% | 174.1% | 193.3% | |
| Current ratio | 15.62x | 50.31x | 39.93x | |
| Interest cover | -0.89x | 0.00x | -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
- Material uncertainty disclosed
“The company's committed banking facilities with HSBC, totalling approximately £23.5 million, are due to mature in July 2027, which falls within the going concern assessment period. At the date of approval of the financial statements, the renewal or replacement of these facilities has not yet been legally committed. These conditions, along with the other matters explained in note 1.4 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern.”
Group structure
- SPORTS CARS (ENGLAND) ACQUISITIONS LIMITED · parent
- Morgan Motor Company Limited 100%
- Morgan Works - Malvern Limited 100%
Significant events
- “Subsidiary Morgan Motor Company Sales Limited was dissolved on 18th June 2024.”
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 31 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-17 | AA | accounts | Accounts with accounts type full | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.