STEER AUTOMOTIVE GROUP LIMITED
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Cash
£26M
+79.7% highest in 4 filed years
Net assets
£1.9M
-82.6% lowest in 4 filed years
Employees
4,073
+102% highest in 4 filed years
Profit before tax
-£9.2M
-248.5% vs 2024
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £282,865,805 | £468,681,897 | +65.7% | |
| Operating profit | — | — | £5,853,473 | -£8,997,503 | -253.7% | |
| Profit before tax | — | — | £6,196,261 | -£9,199,398 | -248.5% | |
| Net profit | — | £463,839 | £4,721,842 | -£10,253,274 | -317.1% | |
| Cash | £1,982,030 | £2,712,752 | £14,686,705 | £26,385,359 | +79.7% | |
| Total assets less current liabilities | £7,864,090 | £6,394,154 | £16,855,665 | £20,763,629 | +23.2% | |
| Net assets | £3,814,253 | £4,278,092 | £11,076,240 | £1,930,544 | -82.6% | |
| Equity | £3,814,253 | £4,278,092 | £11,076,240 | £1,930,544 | -82.6% | |
| Average employees | 201 | 466 | 2,016 | 4,073 | +102% | |
| Wages | — | — | £90,984,867 | £157,537,275 | +73.1% | |
| 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. 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 | 2021-03-31 | 2022-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 2.1% | -1.9% | |
| Net margin | — | — | 1.7% | -2.2% | |
| Return on capital employed | — | — | 34.7% | -43.3% | |
| Current ratio | — | — | 0.33x | 0.30x | |
| Interest cover | — | — | 17.74x | -13.59x |
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
- STEER AUTOMOTIVE GROUP LIMITED 2019-01-31 → present
- BALDWINS REPAIR GP LIMITED 2012-10-04 → 2019-01-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider that it is appropriate to adopt the going concern basis in preparing the financial statements. In making this statement the directors have satisfied themselves that based on its current base case projections, the Group/company has access to sufficient cash funds and borrowing facilities and can reasonably expect those facilities to be available to meet the Group's foreseeable cash requirements.”
Group structure
- STEER AUTOMOTIVE GROUP LIMITED · parent
- Tyne Tees Vehicle Repair Group Limited 100%
- Bennett's (Scotland) Limited 100%
- Bennett's Holdco Limited 100%
- Wheel Robot Limited 100%
- Nuview Group Limited 100%
- Faseko Limited 100%
- Rye Street Bishops Stortford Limited 100%
Significant events
- “On 15 April 2024, the majority shareholding of Torrent Holdco Limited, the Group's ultimate parent company at that point, was acquired by Compass Bidco Limited, supported by the investment from Oakley Capital Fund V "Oakley Capital".”
- “Following the year end the group has continued to expand via selective acquisitions funded through cash. In the period since the year end up to the date of approval of these accounts, the group invested in two further businesses within the automotive repair industry for a total investment of £3.2m.”
- “During the current year, Oakley Capital Fund V acquired a controlling interest in the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAWKES, Paul Christopher | Director | 2021-03-04 | Mar 1975 | British |
| MEE, Darren | Director | 2025-10-16 | Jul 1965 | British |
| RUDDICK, Gavin | Director | 2021-03-04 | Dec 1975 | British |
| STEER, Richard Kenneth | Director | 2018-07-13 | Oct 1964 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HIRE, Jon | Director | 2023-04-14 | 2025-03-10 |
| WARNER, Stephen | Director | 2012-10-04 | 2018-07-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Rks Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-07-13 | Active |
| Mr Stephen Warner | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-07-13 |
Filing timeline
Last 20 of 81 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | SH01 | capital | Capital allotment shares | |
| 2025-12-11 | AA | accounts | Accounts with accounts type group | |
| 2025-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-07 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-04 | CH01 | officers | Change person director company with change date | |
| 2025-04-03 | CH01 | officers | Change person director company with change date | |
| 2025-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-16 | AA | accounts | Accounts with accounts type group | |
| 2024-07-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-21 | CH01 | officers | Change person director company with change date | |
| 2024-05-03 | SH01 | capital | Capital allotment shares | |
| 2024-04-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-25 | CH01 | officers | Change person director company with change date | |
| 2024-01-14 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- Officers appointed
- 1
- 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.