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Acorn Group Limited

00462543

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 8 outstanding charges (-10)

Details

ACORN GROUP LTD CANNOCK ROAD, BURNTWOOD, WS7 1JS
Incorporated 20/12/1948

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45111
Sale of new cars and light motor vehicles

Officers

Mr Michael Patrick Hammond

director · Since 22/01/2019

DIRECTOR

BRITISH · ENGLAND · Age 60

Mr Stephen John Mills

director · Since 22/01/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 56

Mr Michael Andrew Kent Styles

director · Since 22/01/2019

DIRECTOR

BRITISH · ENGLAND · Age 66

Also on 2 other boards

Mr David York Vickers

director · Since 22/01/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 2 other boards

Mr Richard Thomas Vickers

director · Since 22/01/2019

DRIECTOR

BRITISH · ENGLAND · Age 56

Mr James William Platt

director · Since 16/05/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 2 other boards

Persons with Significant Control

Vm Automotive Limited

75–100% shares
75–100% votes

Acorn Motor Group, Cannock Road, Burntwood, WS7 1JS

Reg: 11164111 · Companies House · Limited With Shares

Notified 22/01/2019

Former PSCs

Weldon & Waring Ltd

Ceased 22/01/2019

Charges8 outstanding

Charge
outstanding

BMW FINANCIAL SERVICES (GB) LIMITED

Created 24/04/2026Registered 01/05/2026
Charge
outstanding

FAIRFIELD INVESTMENT PROPERTIES LIMITED

Created 18/03/2024Registered 19/03/2024
Charge
outstanding

HYUNDAI CAPITAL UK LIMITED

Created 14/09/2023Registered 14/09/2023
Charge
outstanding

BMW FINANCIAL SERVICES (GB) LIMITED

Created 27/03/2023Registered 03/04/2023
Charge
outstanding

BARCLAYS BANK PLC

Created 29/05/2020Registered 01/06/2020
charge
outstanding

UNITED DOMINIONS TRUST LIMITED

Created 01/04/2008Registered 02/04/2008
charge
outstanding

BARCLAYS BANK PLC

Created 01/05/2007Registered 15/05/2007
charge
satisfied

BARCLAYS BANK PLC

Created 03/09/2004Registered 07/09/2004Satisfied 28/07/2023
charge
satisfied

BARCLAYS BANK PLC

Created 03/01/2001Registered 04/01/2001Satisfied 09/01/2019
charge
outstanding

BARCLAYS BANK PLC

Created 17/12/1998Registered 31/12/1998
charge
satisfied

BARCLAYS BANK PLC

Created 17/12/1998Registered 31/12/1998Satisfied 09/01/2019
charge
satisfied

FORD CREDIT EUROPE PLC

Created 08/04/1997Registered 12/04/1997Satisfied 16/09/1999
charge
satisfied

FORD CREDIT EUROPE PLC

Created 23/06/1993Registered 29/06/1993Satisfied 19/04/1997
charge
satisfied

FORD CREDIT PLC

Created 04/12/1991Registered 05/12/1991Satisfied 19/05/2021
charge
satisfied

FORD MOTOR CREDIT COMPANY LIMITED.

Created 19/06/1990Registered 22/06/1990Satisfied 06/09/2007
charge
satisfied

SHELL U.K. LIMITED

Created 13/07/1988Registered 15/07/1988Satisfied 06/09/2007
charge
satisfied

BARCLAYS BANK PLC

Created 20/04/1977Registered 02/05/1977Satisfied 09/01/2019
charge
satisfied

FORD MOTOR CREDIT COMPANY LTD.

Created 30/11/1976Registered 15/12/1976Satisfied 30/06/1999
charge
satisfied

FORD MOTOR CREDIT COMPANY LTD.

Created 30/11/1976Registered 15/12/1976Satisfied 30/06/1999
charge
satisfied

BARCLAYS BANK PLC

Created 16/07/1975Registered 29/07/1975Satisfied 09/01/2019
charge
satisfied

FORD MOTOR CREDIT COMPANY

Created 30/11/1972Registered 13/12/1972Satisfied 12/07/1999

CompanyRankvs 328+ SIC 45111 peers
63

Financial strength92th percentile among SIC peers · 23/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.97× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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328Acorn Group Limited
79
How is this score calculated?
Financial strength23/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

or - the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other information The directors are responsible for the other inform

Key FinancialsYear ending 31/12/2018

Turnover

£26.5M

Annual revenue

Net Worth

£2.9M

Balance sheet strength

Cash

£558k

Cash in the bank

Profit Before Tax

£257k

Bottom line earnings

Net Current Assets

£3.1M

Working capital

Current Assets

£6.4M

Current Liabilities

£3.2M

Fixed Assets

£442k

Debtors

£3.2M

Cost of Sales

£25.1M

Gross Profit

£1.4M

Admin Expenses

£1.1M

Operating Profit

£257k

Profit After Tax

£173k

53avg. employees-2

Tax at Year End

Corp tax£62k

People Costs

Wages & salaries£1.4M
NI contributions£140k

Balance Sheet

Assets less current liabilities£3.6M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20181.97+£173k
20171.89+£291k
20161.86—

Derived from filed accounts. Not audited figures.