Vertu Motors (Tmc) Limited
03782929
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 5 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 29/10/2024
CHIEF EXECUTIVE OFFICER
BRITISH · UNITED KINGDOM · Age 56
Also on 79 other boards
director · Since 29/10/2024
CHIEF FINANCIAL OFFICER
BRITISH · UNITED KINGDOM · Age 54
Also on 86 other boards
director · Since 29/10/2024
CHIEF OPERATIONS OFFICER
BRITISH · UNITED KINGDOM · Age 58
Also on 77 other boards
secretary · Since 29/10/2024
director · Since 04/11/2024
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 53
Also on 2 other boards
director · Since 01/01/2026
BRITISH · UNITED KINGDOM · Age 40
Also on 5 other boards
director · Since 01/01/2026
BRITISH · UNITED KINGDOM · Age 51
Also on 4 other boards
Persons with Significant Control
Vertu Motors Plc
Vertu House, Fifth Avenue, Gateshead, NE11 0XA
Reg: 05984855 · Companies House · Public Limited Company
Notified 29/10/2024
Former PSCs
Mr Steven Richard Burrows
Ceased 29/10/2024
Mr Dean Cooper
Ceased 06/04/2016
Charges5 outstanding
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CompanyRankvs 7850+ SIC 45111 peers55
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 going concern are d
Key FinancialsYear ending 31/12/2021
Turnover
£141.6M
Annual revenue
Net Worth
£6.7M
Balance sheet strength
Cash
£402k
Cash in the bank
Profit Before Tax
£3.6M
Bottom line earnings
Net Current Assets
-£2.7M
Working capital
Current Assets
£17.9M
Current Liabilities
£20.6M
Fixed Assets
£18.2M
Debtors
£2.3M
Cost of Sales
£123.9M
Gross Profit
£17.7M
Admin Expenses
£14.1M
Operating Profit
£4.2M
Profit After Tax
£2.8M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2021 | 0.87 |
Derived from filed accounts. Not audited figures.