SPA MOTORS (MID WALES) LIMITED
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Cash
£104k
-45.7% vs 2024
Net assets
£5.5m
+94% highest in 6 filed years
Employees
43
+10.3% vs 2024
Profit before tax
£1.5m
+78.7% highest in 3 filed years
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £14,420,950 | £17,726,960 | £20,089,070 | +13.3% | |
| Operating profit | — | — | — | £739,331 | £973,027 | £1,597,221 | +64.1% | |
| Profit before tax | — | — | — | £513,164 | £815,831 | £1,458,013 | +78.7% | |
| Net profit | — | — | — | £320,162 | £611,697 | £1,099,876 | +79.8% | |
| Cash | £3,891 | £83,044 | £121,398 | £393,259 | £191,451 | £103,985 | -45.7% | |
| Total assets less current liabilities | — | — | — | £3,461,277 | £4,055,475 | £7,130,094 | +75.8% | |
| Net assets | £477,731 | £1,068,619 | £1,651,110 | £2,207,662 | £2,819,359 | £5,469,387 | +94% | |
| Equity | £477,731 | £1,068,619 | £1,651,110 | £2,207,662 | £2,819,359 | £5,469,387 | +94% | |
| Average employees | — | — | — | — | 39 | 43 | +10.3% | |
| Wages | — | — | — | £541,148 | £980,272 | £1,141,955 | +16.5% | |
| Directors' remuneration | — | — | — | £90,070 | £151,018 | £128,028 | -15.2% | |
| Directors' pension contributions | — | — | — | £380 | £1,321 | £1,534 | +16.1% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 5.1% | 5.5% | 8.0% | |
| Net margin | — | — | — | 2.2% | 3.5% | 5.5% | |
| Return on capital employed | — | — | — | 21.4% | 24.0% | 22.4% | |
| Gearing (liabilities / total assets) | 79.1% | 71.0% | 53.8% | 61.4% | 58.0% | 44.4% | |
| Current ratio | — | — | — | 1.17x | 1.26x | 1.44x | |
| Interest cover | — | — | — | 25.68x | 6.01x | 11.46x |
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
- Young & Co (Hereford) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have considered the company's financial position, cash flows and forecasts, including post yearend trading performance, and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a goingconcern basis.”
Group structure
- SPA MOTORS (MID WALES) LIMITED · parent
- Lansdowne West Limited 100%
Significant events
- “The fair value of the group's Freehold land and buildings was revalued on 31 December 2025 by an independent valuer.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GLADWIN, Tracey Andrea | Secretary | 2024-09-06 | — | — |
| HUNTER, Gareth Rex | Director | 2023-09-14 | Jul 1979 | British |
| MILLS, Ernie Cameron Evans | Director | 2019-12-20 | Nov 1995 | Welsh |
| MILLS, Stephen David | Director | 2014-09-09 | Sep 1965 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Ernie Cameron Evans Mills | Individual | Shares 25–50%, Voting 25–50% | 2024-07-01 | Active |
| Stephen David Mills | Individual | Shares 50–75%, Voting 50–75% | 2016-09-20 | Active |
Filing timeline
Last 20 of 42 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type group | |
| 2026-09-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-18 | AA | accounts | Accounts with accounts type group | |
| 2025-09-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-19 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-02 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-07-02 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-09-25 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-09-21 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-18 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-12 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-08-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-15 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2022-03-07 | AA | accounts | Accounts with accounts type total exemption full |
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.