MCNICOLL VEHICLE HIRE LTD.
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Next accounts due
2025-12-31
Overdue
Confirmation statement due
2027-04-14 (in 11mo)
Last made up 2026-03-31
Watchouts
Cash
£502K
Latest balance sheet
Net assets
£2M
Equity attributable
Employees
36
highest in 6 filed years
Profit before tax
-£1M
Period ending 2023-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-12-31.
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2023-12-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £9,016,217 | £8,165,225 | |
| Operating profit | — | — | — | — | £2,462,372 | -£12,817 | |
| Profit before tax | — | — | — | — | £1,535,696 | -£1,035,354 | |
| Net profit | — | — | — | — | £1,069,709 | -£1,167,161 | |
| Cash | £122,036 | £26,280 | £1,064,914 | £1,109,287 | £707,371 | £502,188 | |
| Total assets less current liabilities | £4,459,878 | £4,436,473 | £6,270,522 | — | £16,225,349 | £14,279,717 | |
| Net assets | £918,413 | £1,225,547 | £1,603,281 | — | £3,852,687 | £2,361,977 | |
| Equity | £918,413 | £1,225,547 | £1,603,281 | — | £3,852,687 | £2,361,977 | |
| Average employees | 25 | 17 | 17 | 28 | 31 | 36 | |
| Wages | — | — | — | — | £604,750 | £658,682 | |
| 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 → FY2023 · period ending 2023-12-31 vs 2023-03-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 27.3% | -0.2% | |
| Net margin | — | — | — | — | 11.9% | -14.3% | |
| Return on capital employed | — | — | — | — | 15.2% | -0.1% | |
| Current ratio | — | — | — | — | 0.38x | 0.26x | |
| Interest cover | — | — | — | — | 2.61x | -0.01x |
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
- MHA
- Audit opinion
- Qualified
- Going concern
- Affirmed
“Avis Budget Group, Inc. has indicated that it will continue to provide financial support to the Company for at least one year from the date of signing these Financial Statements. The Directors, having reviewed the Group's latest audited consolidated financial statements, are satisfied that at the time of approving the Financial Statements, it is appropriate to adopt the going concern basis in preparing the Financial Statements.”
Group structure
- MCNICOLL VEHICLE HIRE LTD. · parent
- McNicoll Vehicle Sales Limited 100%
- CSD1 Ltd 100%
Significant events
- “On 20 September 2023, 100% of the issued share capital of McNicoll Vehicle Hire Limited was acquired by Avis Budget UK Limited, a private limited company, incorporated in the United Kingdom, for cash consideration of £15,750,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LALL, Inderpal | Secretary | 2023-09-20 | — | — |
| CALABRIA, David Thomas | Director | 2024-10-15 | Sep 1974 | American |
| LOVEDAY, Matthew Henry | Director | 2023-09-20 | Mar 1987 | British |
| OLIVIER-SMITH, Alan Christopher | Director | 2023-09-20 | Nov 1971 | English |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORD, Paul Leslie | Director | 2023-09-20 | 2024-10-15 |
| GARDEN, Neil John | Director | 2021-01-01 | 2023-09-20 |
| MABBOTT, Stephen George | Director | 2012-01-16 | 2012-01-16 |
| STEWART, David John | Director | 2012-01-16 | 2023-09-20 |
| STEWART, Gillian Couper | Director | 2012-01-16 | 2023-09-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Avis Budget Uk Limited | Corporate entity | Shares 75–100% | 2023-12-01 | Active |
| Mr David John Stewart | Individual | Shares 50–75% | 2016-09-01 | Ceased 2023-12-01 |
| Miss Gillian Couper Stewart | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-06-30 | Ceased 2023-12-01 |
Filing timeline
Last 20 of 77 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-09 | AA | accounts | Accounts with accounts type full | |
| 2025-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-12-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-12-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-03 | AA01 | accounts | Change account reference date company current shortened | |
| 2023-10-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-19 | PSC04 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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.