DIGITAL AUTOMOTIVE SOLUTIONS LTD
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Cash
£518K
lowest in 3 filed years
Net assets
-£6M
lowest in 3 filed years
Employees
53
lowest in 3 filed years
Profit before tax
-£3M
Period ending 2025-08-24
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Accounts not prepared on a going-concern basis
The Company meets its day to day working capital requirements through its cash reserves and through support from Constellation Automotive Limited. The Company has net liabilities of £(6.0)m. The Directors have reviewed the forecasts and as a result have obtained a letter of support from a parent company. Constellation Automotive Limited has confirmed its willingness to support the Company for at least twelve months from the date the balance sheet is signed. The Company has prepared the financial statement on a basis other than going concern as the Company has stopped taking new enquiries for vehicle purchases in December 2025.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-08-24
| Metric | Trend | 2023-02-28 | 2024-02-29 | 2025-08-24 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £105,129,000 | £50,082,000 | £52,051,000 | — | |
| Operating profit | -£866,000 | -£1,636,000 | -£3,034,000 | — | |
| Profit before tax | -£866,000 | -£1,636,000 | -£3,034,000 | — | |
| Net profit | -£864,000 | -£1,633,000 | -£3,027,000 | — | |
| Cash | £1,645,000 | £1,113,000 | £518,000 | — | |
| Total assets less current liabilities | -£1,380,000 | -£3,013,000 | -£6,040,000 | — | |
| Net assets | -£1,380,000 | -£3,013,000 | -£6,040,000 | — | |
| Equity | -£1,380,000 | — | -£6,040,000 | — | |
| Average employees | 92 | 72 | 53 | — | |
| Wages | £2,718,000 | £2,114,000 | £2,735,000 | — | |
| Directors' remuneration | — | £15,052,000 | — | — |
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 covers about 18 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-02-28 | 2024-02-29 | 2025-08-24 |
|---|---|---|---|---|
| Operating margin | -0.8% | -3.3% | -5.8% | |
| Net margin | -0.8% | -3.3% | -5.8% | |
| Gearing (liabilities / total assets) | — | 267.9% | — | |
| Current ratio | 0.67x | 0.34x | 0.17x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The Company meets its day to day working capital requirements through its cash reserves and through support from Constellation Automotive Limited. The Company has net liabilities of £(6.0)m. The Directors have reviewed the forecasts and as a result have obtained a letter of support from a parent company. Constellation Automotive Limited has confirmed its willingness to support the Company for at least twelve months from the date the balance sheet is signed. The Company has prepared the financial statement on a basis other than going concern as the Company has stopped taking new enquiries for vehicle purchases in December 2025.”
Significant events
- “In December 2025, the Company stopped taking new enquiries for vehicle purchases. After disposing of the remaining inventory and winding down of the trading and non-trading balances there has been no further trading activity. As a result, the Directors have prepared the financial statements on a basis other than going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LETZA, Martin Richard | Director | 2025-04-13 | Aug 1969 | British |
| TROWELL, Nicholas John | Director | 2025-06-26 | Sep 1976 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KHOT, Pria Dipak | Secretary | 2020-10-01 | 2025-04-13 |
| DENTONS SECRETARIES LIMITED | Corporate Secretary | 2018-10-11 | 2020-09-30 |
| BIRT, Andrew James | Director | 2015-05-14 | 2018-10-11 |
| BRANTON, James Christopher | Director | 2018-10-11 | 2023-03-21 |
| CRICHTON, John Leslie | Director | 2018-10-11 | 2020-06-12 |
| GRAHAM, Chris | Director | 2025-04-13 | 2025-05-28 |
| HARRIS, David Francis | Director | 2025-04-13 | 2025-05-28 |
| HODSON, Neil Thomas | Director | 2018-10-11 | 2020-08-04 |
| KHOT, Pria Dipak | Director | 2020-08-18 | 2025-04-13 |
| LAMPERT, Timothy Giles | Director | 2025-04-13 | 2025-06-26 |
| MACLEOD, Gregory Ian | Director | 2020-08-18 | 2025-04-13 |
| MARLEY, Tom | Director | 2014-03-07 | 2023-05-10 |
| NEVE, Benjamin | Director | 2015-05-14 | 2018-10-11 |
| POTTER, Martin Andrew | Director | 2018-10-11 | 2022-08-05 |
| SHEIKH, Khalid Mahmood | Director | 2014-03-07 | 2018-10-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aston Barclay Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-10-11 | Active |
| Mr Khalid Mahmood Sheikh | Individual | Shares 25–50%, Voting 25–50% | 2018-06-04 | Ceased 2018-10-11 |
| Benjamin Neve | Individual | Shares 25–50%, Voting 25–50% | 2018-06-04 | Ceased 2018-10-11 |
| Mr Andrew James Birt | Individual | Shares 25–50%, Voting 25–50% | 2018-06-04 | Ceased 2018-10-11 |
Filing timeline
Last 20 of 100 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-02 | AA | accounts | Accounts with accounts type full | |
| 2025-11-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-19 | AD02 | address | Change sail address company with old address new address | |
| 2025-11-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-24 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-06-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-14 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-04-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-07 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-03-07 | SH08 | capital | Capital name of class of shares | |
| 2025-02-18 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.