KERR AND SMITH (CUMNOCK) LIMITED
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-07-31
Confirmation statement due
2027-05-12 (in 1y)
Last made up 2026-04-28
Watchouts
Cash
£930K
-46.7% vs 2023
Net assets
£2M
+12.5% highest in 6 filed years
Employees
34
+6.3% vs 2023
Profit before tax
£253K
+68.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Disclaimer of opinion
Latest auditor's report carried a non-clean opinion.
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-07-31
| Metric | Trend | 2019-07-31 | 2020-07-31 | 2021-07-31 | 2022-07-31 | 2023-07-31 | 2024-07-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £11,782,311 | £14,716,546 | |
| Operating profit | — | — | — | — | £219,934 | £147,346 | |
| Profit before tax | — | — | — | — | £149,658 | £252,505 | |
| Net profit | — | — | — | — | £111,371 | £229,237 | |
| Cash | £197,851 | £397,385 | £828,182 | £552,526 | £1,745,549 | £929,835 | |
| Total assets less current liabilities | £1,579,940 | £1,524,017 | £1,618,805 | £1,620,882 | £1,681,884 | £1,967,663 | |
| Net assets | £1,574,687 | £1,522,552 | £1,436,305 | £1,498,382 | £1,585,378 | £1,783,990 | |
| Equity | £1,574,687 | £1,522,552 | £1,436,305 | £1,498,382 | £1,585,378 | £1,783,990 | |
| Average employees | — | 42 | 37 | 32 | 32 | 34 | |
| Wages | — | — | — | — | £820,446 | £881,647 | |
| Directors' remuneration | — | — | — | — | — | — |
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 2024-07-31 vs 2023-07-31
-
Turnover
+24.9%
£11,782,311 £14,716,546
-
Cash
-46.7%
£1,745,549 £929,835
-
Net assets
+12.5%
£1,585,378 £1,783,990
highest in 6 filed years
-
Employees
+6.3%
32 34
-
Operating profit
-33%
£219,934 £147,346
-
Profit before tax
+68.7%
£149,658 £252,505
-
Wages
+7.5%
£820,446 £881,647
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-07-31 | 2020-07-31 | 2021-07-31 | 2022-07-31 | 2023-07-31 | 2024-07-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 1.9% | 1.0% | |
| Net margin | — | — | — | — | 0.9% | 1.6% | |
| Return on capital employed | — | — | — | — | 13.1% | 7.5% | |
| Current ratio | — | — | — | — | 1.24x | 1.36x | |
| Interest cover | — | — | — | — | 3.13x | 1.89x |
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
- William Duncan + Co (Audit) Ltd
- Audit opinion
- Disclaimer of opinion
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- KERR AND SMITH (CUMNOCK) LIMITED · parent
- Kerr & Smith (Glasgow) Limited 100%
Significant events
- “The return from Covid has presented a number of challenges; manufacturers were unable to keep up with customer needs and sales demand. This resulted in an unplanned increase in turnover when vehicles were delivered in bulk.”
- “Investment in a new Dealer Management System (DMS) has been more difficult than anticipated. Migration of the system was not simple and additional training has been required throughout the year; this will be important part of future planning.”
- “We accept that the increased turnover and investment in DMS, whilst are both good for business and future development, has resulted in poor preparation for an unexpected change in accounting and pushed us over the audit threshold. The change in DMS part way through the year has met with some additional audit challenges.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCCLURE, Donna Elizabeth | Director | 2007-10-01 | Dec 1964 | British |
| SMITH, William | Director | 2007-10-01 | Apr 1974 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SMITH, James Taylor | Secretary | — | 2022-04-28 |
| KERR, Jeanette | Director | — | 2018-02-09 |
| KERR, Paul | Director | 2008-04-01 | 2017-05-22 |
| KERR, William | Director | — | 2018-02-09 |
| SMITH, Audrey | Director | 1988-10-26 | 2022-04-28 |
| SMITH, Chester | Director | 2008-04-01 | 2017-05-22 |
| SMITH, James Taylor | Director | — | 2022-04-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr William Smith | Individual | Significant influence | 2022-04-28 | Active |
| W & J Smith Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-07-22 | Active |
| Mr James Taylor Smith | Individual | Shares 25–50% | 2016-04-06 | Ceased 2022-04-28 |
| Mr William Kerr | Individual | Shares 25–50% | 2016-04-06 | Ceased 2018-02-09 |
Filing timeline
Last 20 of 163 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-31 | AA | accounts | Accounts with accounts type full | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-04-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-06 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-04-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-04-28 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-04-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-28 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-13 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-02 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-11-15 | CS01 | confirmation-statement | Confirmation statement with no 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.