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Sherwoods Motor Group Limited

02876229

active
Private Limited Company
Companies House
Health Score
79 / 100

Some Concerns

25/30
Filing
20/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

SHERWOODS MOTOR GROUP CROWTHER ROAD, WASHINGTON, NE38 0AQ
Incorporated 29/11/1993

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45111
Sale of new cars and light motor vehicles

Officers

Mr Simon Robert Allan Macconachie

director · Since 22/03/2017

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 48

Mr Christopher David Elvidge

director · Since 01/03/2018

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 63

Also on 3 other boards

Persons with Significant Control

Sherwoods Holdings Limited

75–100% shares

Sherwoods Motor Group Limited, Crowther Road, Washington, NE38 0AQ

Reg: 11726333 · England · Limited

Notified 11/02/2019

Former PSCs

Mr Alasdair Macconachie

Ceased 11/02/2019

General Motors Uk Limited

Ceased 23/05/2018

Charges3 outstanding

Charge
outstanding

RBS INVOICE FINANCE LTD

Created 07/03/2022Registered 07/03/2022
Charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 05/12/2019Registered 11/12/2019
Charge
outstanding

PSA FINANCE UK LIMITED

Created 16/04/2019Registered 17/04/2019
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 01/05/2007Registered 05/05/2007Satisfied 28/02/2019
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 01/05/2007Registered 05/05/2007Satisfied 28/02/2019
charge
satisfied

GENERAL MOTORS ACCEPTANCE CORPORATION (UK) PLC

Created 01/05/2007Registered 05/05/2007Satisfied 03/03/2019
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 01/05/2007Registered 05/05/2007Satisfied 03/03/2019
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 27/04/2007Registered 03/05/2007Satisfied 03/03/2019
charge
satisfied

GENERAL MOTORS ACCEPTANCE CORPORATION (UK) PLC

Created 28/02/2000Registered 29/02/2000Satisfied 28/02/2019
charge
satisfied

GENERAL MOTORS ACCEPTANCE CORPORATION (UK) PLC

Created 25/06/1999Registered 14/07/1999Satisfied 16/04/2008
charge
satisfied

BARCLAYS BANK PLC

Created 28/06/1999Registered 07/07/1999Satisfied 16/04/2008
charge
satisfied

BARCLAYS BANK PLC

Created 18/04/1997Registered 24/04/1997Satisfied 16/04/2008
charge
satisfied

VAUXHALL MOTORS LIMITED

Created 17/06/1994Registered 23/06/1994Satisfied 28/02/2019
charge
satisfied

BARCLAYS BANK PLC

Created 16/03/1994Registered 18/03/1994Satisfied 20/01/2000
charge
satisfied

BARCLAYS BANK PLC,

Created 11/01/1994Registered 22/01/1994Satisfied 14/09/2018
charge
satisfied

BARCLAYS BANK PLC

Created 11/01/1994Registered 17/01/1994Satisfied 16/04/2008
charge
satisfied

VAUXHALL MOTORS LIMITED

Created 11/01/1994Registered 15/01/1994Satisfied 03/10/2018

CompanyRankvs 241+ SIC 45111 peers
61

Financial strength97th percentile among SIC peers · 24/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.29× · 12/20
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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241Sherwoods Motor Group Limited
81
How is this score calculated?
Financial strength24/25 pts

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

Employees15/15 pts

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

Liquidity12/20 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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to

Key FinancialsYear ending 31/12/2024

Net Worth

£7.4M

Balance sheet strength

Cash

£2.1M

Cash in the bank

Profit Before Tax

£1.9M

Bottom line earnings

Net Current Assets

£6.4M

Working capital

Current Assets

£28.6M

Current Liabilities

£22.2M

Fixed Assets

£1.3M

Debtors

£5.4M

Cost of Sales

£94.6M

Admin Expenses

£10.0M

Profit After Tax

£1.4M

158avg. employees+5

Tax at Year End

Corp tax£510k
Dividends paid£1.0M

People Costs

Wages & salaries£5.6M

Balance Sheet

Intangible assets£294k
Assets less current liabilities£7.7M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.29+£374k
20231.28—

Derived from filed accounts. Not audited figures.