PC MOTOR GROUP (HOLDINGS) LIMITED

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  Material uncertainty over going concern

  We draw attention to Note 1.4 to the financial statements which explains that there is minimal headroom in the December 2025 covenant testing and any plausible reduction in forecast profitability, would result in a potential covenant breach which could trigger a demand for repayment from the bank. As stated in Note 1.4, this event or condition, along with other matters as set forth in Note 1.4, indicate a material uncertainty exists that may cast significant doubt on the group and parent company's ability to continue as a going concern.

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  Going-concern uncertainty disclosed

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

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.

1. PC MOTOR GROUP (HOLDINGS) LIMITED 2015-03-23 → present
2. PETER COOPER MG (HOLDINGS) LIMITED 2015-02-06 → 2015-03-23

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 1.4 to the financial statements which explains that there is minimal headroom in the December 2025 covenant testing and any plausible reduction in forecast profitability, would result in a potential covenant breach which could trigger a demand for repayment from the bank. As stated in Note 1.4, this event or condition, along with other matters as set forth in Note 1.4, indicate a material uncertainty exists that may cast significant doubt on the group and parent company's ability to continue as a going concern.”

Group structure

1. PC MOTOR GROUP (HOLDINGS) LIMITED · parent
   1. Peter Cooper Motor Group Limited 100% · Motor dealership
   2. Peter Cooper (Fareham) Limited 100% · Dormant
   3. Viking Garages Limited 100% · Non-trading

Significant events

• “The group continues to look for growth opportunities and this was showcased by the purchase of Viking Garages Limited during 2023.”
• “This was further increased during 2024 with the introduction of both Omoda and Jaecoo franchises to the group.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.