OPENLANE REMARKETING LIMITED
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Cash
£1m
-61% lowest in 3 filed years
Net assets
-£15m
-9.2% lowest in 3 filed years
Employees
57
-5% lowest in 3 filed years
Profit before tax
-£1.2m
-169.2% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
The Company's ultimate controlling company, Openlane Inc, is not seeking repayment of the amounts currently due to the group... and providing additional financial support during a period of at least 12 months from the date of approval of these financial statements. As with any company placing reliance on other group facilities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.
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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 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £21,229,175 | £20,237,366 | £24,097,624 | +19.1% | |
| Operating profit | -£1,179,652 | -£462,039 | -£1,243,692 | -169.2% | |
| Profit before tax | -£1,179,652 | -£462,039 | -£1,243,692 | -169.2% | |
| Net profit | -£1,179,652 | -£462,039 | -£1,243,692 | -169.2% | |
| Cash | £2,913,005 | £2,669,986 | £1,041,475 | -61% | |
| Total assets less current liabilities | -£13,014,372 | -£13,476,411 | -£14,720,103 | -9.2% | |
| Net assets | -£13,014,372 | -£13,476,411 | -£14,720,103 | -9.2% | |
| Equity | — | — | — | — | |
| Average employees | 73 | 60 | 57 | -5% | |
| Wages | £3,262,844 | £2,800,190 | £2,761,108 | -1.4% | |
| Directors' remuneration | £372,716 | £471,754 | £149,579 | -68.3% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -5.6% | -2.3% | -5.2% | |
| Net margin | -5.6% | -2.3% | -5.2% | |
| Gearing (liabilities / total assets) | 253.7% | 242.1% | 329.1% | |
| Current ratio | 0.31x | 0.35x | 0.25x |
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 3 times since incorporation
- OPENLANE REMARKETING LIMITED 2023-11-17 → present
- ADESA REMARKETING LIMITED 2016-08-12 → 2023-11-17
- GRS REMARKETING LIMITED 2016-04-27 → 2016-08-12
- COLT NEWCO LIMITED 2016-01-20 → 2016-04-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Company's ultimate controlling company, Openlane Inc, is not seeking repayment of the amounts currently due to the group... and providing additional financial support during a period of at least 12 months from the date of approval of these financial statements. As with any company placing reliance on other group facilities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COYLE, James Patrick | Director | 2025-03-01 | Sep 1980 | American |
| KELLY, Peter | Director | 2022-11-30 | Jul 1968 | American |
| DUNBOYNE CONSULTING B.V. | Corporate Director | 2025-05-31 | — | — |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FINNON, Kerry Paul | Director | 2016-01-20 | 2016-05-31 |
| HOLLAND, Jonathan James | Director | 2016-05-31 | 2025-05-31 |
| LOUGHMILLER, Eric Michael | Director | 2016-05-31 | 2022-11-30 |
| PASSANT, Derek Robert | Director | 2016-01-20 | 2016-05-31 |
| PAWSON, Michael Andrew | Director | 2016-01-20 | 2016-05-31 |
| SKUY, Benjamin | Director | 2016-05-31 | 2022-11-30 |
| SUBRAHMANYAM, Sriram | Director | 2022-11-30 | 2025-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kar Auction Services International Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-06-01 | Active |
Filing timeline
Last 20 of 47 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-17 CERTNM Certificate change of name company
- 2023-11-17 CONNOT Change of name notice
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-05 | AA | accounts | Accounts with accounts type full | |
| 2025-12-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-12 | AA | accounts | Accounts with accounts type full | |
| 2025-07-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-06 | AP02 | officers | Appoint corporate director company with name date | |
| 2025-06-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-11-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-17 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-11-17 | CONNOT | change-of-name | Change of name notice | |
| 2023-10-26 | AA | accounts | Accounts with accounts type full | |
| 2023-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-15 | AA | accounts | Accounts with accounts type 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.