SPORTS CARS (ENGLAND) 1 LIMITED
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Cash
—
Latest balance sheet
Net assets
-£49M
-7.1% vs 2023
Employees
—
Average over period
Profit before tax
-£43M
0% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | -£42,889,985 | -£42,889,985 | 0% | |
| Profit before tax | -£42,889,985 | -£42,889,985 | 0% | |
| Net profit | -£45,385,035 | — | — | |
| Cash | — | — | — | |
| Total assets less current liabilities | £57,058,953 | £75,537,692 | +32.4% | |
| Net assets | -£46,036,857 | -£49,312,867 | -7.1% | |
| Equity | -£46,036,857 | -£49,312,867 | -7.1% | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -75.2% | -56.8% | |
| Interest cover | -3.93x | -3.21x |
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
- Affirmed
“These financial statements have been drawn up on the going concern basis. The shareholder of the loan note confirms that it will not withdraw the loan if this were to cause liquidity problems. The company is part of the banking group. The Group monitors its scheduled debt servicing payments and forecasts its cash inflows and outflows due to day-to-day business, reporting weekly cash performance and forecast weekly cash flows for a period of 12 months from the date of financial statements signing.”
Group structure
- SPORTS CARS (ENGLAND) 1 LIMITED · parent
- Sports Cars (England) Acquisitions Limited 100%
- Morgan Motor Company Limited 100%
- Morgan Works - Malvern Limited 100%
Significant events
- “The company incurred a £3 3m Loss for the year ended 31 December 2024 (2023 £45 4m) and had net liabilities of £49 3m at the year end (2023 46 0m).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BODEN, Colin George | Director | 2019-04-03 | Sep 1984 | British |
| HOLE, Matthew | Director | 2024-10-31 | Mar 1981 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FALCONE, Marcello | Director | 2019-02-21 | 2019-04-03 |
| FUMAROLA, Massimo Francesco | Director | 2022-04-25 | 2024-10-31 |
| GRANDPRE, Julien | Director | 2019-02-21 | 2019-04-03 |
| MORRIS, Steven David | Director | 2019-04-03 | 2022-12-31 |
| RAMSDEN, Natalie Katherine | Director | 2019-02-21 | 2019-04-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sports Cars (England) Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-02-21 | Active |
Filing timeline
Last 20 of 28 total filings
Material constitutional events — rename, articles re-file, resolution
- 2019-04-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-04 | AA | accounts | Accounts with accounts type full | |
| 2025-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-30 | AA | accounts | Accounts with accounts type full | |
| 2024-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-26 | AA | accounts | Accounts with accounts type full | |
| 2023-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-13 | AA | accounts | Accounts with accounts type full | |
| 2022-04-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-29 | AA | accounts | Accounts with accounts type full | |
| 2021-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-07 | AA | accounts | Accounts with accounts type full | |
| 2020-03-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-10-22 | AA01 | accounts | Change account reference date company current shortened | |
| 2019-04-17 | RESOLUTIONS | resolution | Resolution | |
| 2019-04-05 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.