CARS 2 LIMITED
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Cash
£6.7M
-46.6% lowest in 4 filed years
Net assets
£8M
-70.5% lowest in 4 filed years
Employees
280
+5.3% highest in 4 filed years
Profit before tax
£3.8M
-6.4% lowest in 4 filed years
Watch the reel
Our short-form breakdown of CARS 2 LIMITED's latest filing
A steady year of trading for West Yorkshire motor dealer Cars 2, followed by a massive shift in ownership. 🚗
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
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £168,021,318 | £191,561,502 | £207,599,992 | £220,213,818 | +6.1% | |
| Operating profit | — | £5,349,744 | £5,753,715 | £5,815,798 | +1.1% | |
| Profit before tax | £7,596,822 | £4,110,152 | £4,039,727 | £3,781,461 | -6.4% | |
| Net profit | £5,883,912 | £3,047,729 | £2,996,350 | £2,984,400 | -0.4% | |
| Cash | £15,841,004 | £11,063,971 | £12,456,067 | £6,653,954 | -46.6% | |
| Total assets less current liabilities | £27,790,656 | £35,980,544 | £37,890,114 | £13,289,726 | -64.9% | |
| Net assets | £21,382,280 | £24,715,876 | £27,212,226 | £8,018,083 | -70.5% | |
| Equity | £21,382,280 | £24,715,876 | £27,212,226 | £8,018,083 | -70.5% | |
| Average employees | 221 | 239 | 266 | 280 | +5.3% | |
| Wages | £7,344,669 | £7,853,053 | £9,120,056 | £10,250,603 | +12.4% | |
| Directors' remuneration | £806,750 | £726,531 | £823,467 | £764,859 | -7.1% |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | 2.8% | 2.8% | 2.6% | |
| Net margin | 3.5% | 1.6% | 1.4% | 1.4% | |
| Return on capital employed | — | 14.9% | 15.2% | 43.8% | |
| Gearing (liabilities / total assets) | — | — | 56.3% | 84.7% | |
| Current ratio | — | 1.47x | 1.61x | 0.74x | |
| Interest cover | — | 3.40x | 2.60x | 2.70x |
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.
Name history
Renamed 1 time since incorporation
- CARS 2 LIMITED 2006-03-16 → present
- CARS 2 (UK) LIMITED 2006-03-10 → 2006-03-16
Audit & accounting basis
- Accounting basis
- FRS 102
- Auditor
- UHY Hacker Young
- 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 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.”
Significant events
- “The company entered 2025 with the transfer of Cars 2 Limited into an Employee Ownership Trust (EOT) on 31 January 2025.”
- “During 2025 the company secured the OMODA-Jaecoo and CHERY representation for the Bradford marketplace and this facility started trading in the first quarter of 2026.”
- “Also opened in 2025 was the new GEELY facility in Wakefield and the Bradford territory has also been secured for this brand and due to begin trading in Q3 of 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COLLIER, Lindsay Anne | Secretary | 2007-05-09 | — | British |
| BATES, Jeremy | Director | 2021-04-01 | May 1970 | British |
| COLLIER, Lindsay Anne | Director | 2012-02-13 | Jan 1977 | British |
| CROSSLEY, Neil Martin | Director | 2025-01-31 | Feb 1962 | British |
| OTLEY, Allan George | Director | 2006-03-10 | Apr 1961 | British |
| OTLEY, Callum Thomas | Director | 2019-01-08 | Dec 1991 | British |
| OTLEY, Scott Ledgard | Director | 2019-01-08 | Apr 1989 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OTLEY, Colin David | Secretary | 2006-03-10 | 2007-05-09 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2006-03-10 | 2006-03-10 |
| T.P.D.S.LIMITED | Corporate Secretary | 2008-03-28 | 2017-03-06 |
| COLLIER, Mark | Director | 2007-07-06 | 2008-09-16 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2006-03-10 | 2006-03-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ascot Eot Limited | Corporate entity | Shares 75–100% (as trust), Voting 75–100% (as trust), Appoints directors (as trust), Significant influence (as trust) | 2025-01-31 | Active |
| Mr Allan George Otley | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2025-01-31 |
Filing timeline
Last 20 of 124 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-03 RESOLUTIONS Resolution
- 2025-02-03 MA Memorandum articles
- 2022-11-22 RESOLUTIONS Resolution
- 2022-11-21 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | AA | accounts | Accounts with accounts type full | |
| 2026-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-03-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-03 | SH08 | capital | Capital name of class of shares | |
| 2025-02-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-03 | MA | incorporation | Memorandum articles | |
| 2025-02-03 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-01-31 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-31 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-23 | AA | accounts | Accounts with accounts type full | |
| 2024-03-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-16 | AA | accounts | Accounts with accounts type full | |
| 2023-04-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-22 | RESOLUTIONS | resolution | Resolution | |
| 2022-11-21 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 2
- 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.