PAYNES GARAGE(HOLDINGS) LIMITED
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Cash
£1.7m
Latest balance sheet
Net assets
£5.8m
Equity attributable
Employees
110
Average over period
Profit before tax
£553k
Period ending 2023-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
1-year trend · vs Industrials median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £46,119,439 | — | |
| Operating profit | £838,961 | — | |
| Profit before tax | £552,971 | — | |
| Net profit | £414,904 | — | |
| Cash | £1,664,892 | — | |
| Total assets less current liabilities | £5,877,017 | — | |
| Net assets | £5,802,913 | — | |
| Equity | £5,802,913 | — | |
| Average employees | 110 | — | |
| Wages | £3,896,001 | — | |
| Directors' remuneration | £330,982 | — |
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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 |
|---|---|---|
| Operating margin | 1.8% | |
| Net margin | 0.9% | |
| Return on capital employed | 14.3% | |
| Current ratio | 1.52x | |
| Interest cover | 2.93x |
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
- Consolidated group
- Auditor
- Armstrong Watson Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 Group's or the Parent 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.”
Group structure
- PAYNES GARAGE(HOLDINGS) LIMITED · parent
- Paynes Garage Limited 100%
- Paynes Vehicle Contracts Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CROSON, Mark Peter | Director | 2024-07-01 | Mar 1980 | British |
| DAVEY, John Leslie | Director | 2003-04-11 | Oct 1952 | British |
| GRAINGER, Mark | Director | 2003-04-11 | Jul 1965 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SPALDING, Stuart Oliver | Secretary | — | 2024-07-01 |
| GRAINGER, Kenneth John | Director | — | 2003-04-11 |
| PAYNE, Nigel Robert | Director | 2003-04-11 | 2024-12-31 |
| PAYNE, Robert Keith | Director | — | 2000-07-06 |
| SPALDING, Stuart Oliver | Director | 2003-04-11 | 2024-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Stuart Oliver Spalding | Individual | Significant influence | 2016-07-01 | Ceased 2024-08-31 |
Filing timeline
Last 20 of 134 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-14 | AA | accounts | Accounts with accounts type group | |
| 2025-11-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-28 | AA | accounts | Accounts with accounts type group | |
| 2024-12-02 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-01 | AD02 | address | Change sail address company with old address new address | |
| 2024-10-31 | AD03 | address | Move registers to sail company with new address | |
| 2024-07-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-13 | AA | accounts | Accounts with accounts type group | |
| 2023-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-25 | AA | accounts | Accounts with accounts type group | |
| 2022-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-30 | AA | accounts | Accounts with accounts type group | |
| 2021-11-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-08-12 | AA | accounts | Accounts with accounts type group | |
| 2021-01-11 | AA | accounts | Accounts with accounts type group |
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.