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Company No. 06628091 · Incorporated 24 Jun 2008

Gemini Accident Repair Centres Limited

Registered name: GEMINI ACCIDENT REPAIR CENTRES LIMITED

Part of Belfry Topco Limited group

Gemini Accident Repair Centres Limited made £73m revenue and £2.5m profit in the year to 31 Dec 2023.

Gemini Accident Repair Centres Limited’s revenue grew 17% to £73m in the year to 31 Dec 2023, with £2.5m profit and 642 employees. The company is classified under “maintenance and repair of motor vehicles” and is based in Worcester; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 45200Maintenance and repair of motor vehicles
Status
Active
Location
Worcester, West Midlands
Age
18 yrs · since 2008
Type
Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2023

Key figures

Operating leverageBoring industryCash flow filed
Revenue
£73m
Growth ▲17.3%
Profit
£2.5m
Growth ▲103.4%
Profit margin
3.4%
Gross 46.3%
Employees
642
Change ▲2.4%
Profit / employee
£3.9k
Revenue/employee £114k
Profitable streak
3yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202131 Dec 202231 Dec 2023
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£52.1m£62.2m£73m
Cost of sales£29.2m£34.7m£39.2m
Gross profit£22.9m£27.5m£33.8m
Operating profit£1.2m£1.7m£3.9m
Profit before tax£1.1m£1.4m£3.6m
Profit after tax£821k£1.2m£2.5m
Profit (best available)£821k£1.2m£2.5m
Staff costs£19.1m£23.8m£27.1m
Employees (average)568627642
Ratios
Profit margin1.6%2%3.4%
Gross margin44%44.3%46.3%
Revenue per employee£91.8k£99.2k£114k
Profit per employee£1.4k£2k£3.9k
Cash conversion142.7%−170%−108.9%
Growth (year on year)
Revenue growth—▲19.3%▲17.3%
Profit growth—▲50.1%▲103.4%
Headcount growth—▲10.4%▲2.4%
Balance sheet — indirect signals, not revenue
Cash at bank£1.5k£226k£4.9k
Net assets£4.1m£5.1m£7.5m
Fixed assets£8.4m£9.5m£10.1m
Current assets£10.8m£12.7m£14.9m
Debtors£3.7m£3.8m£3.9m
Deferred income£1.9m£2m£1.4m
Cash from operations£1.8m−£2.8m−£4.2m
SourceAccounts · bulk data Oct 2023Accounts · bulk data Oct 2023FullAccounts · bulk data Sep 2024
Derived from the latest filing

How the business works

Profit margin
3.4%
Profit ÷ revenue.
Gross margin
46.3%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£114k
Revenue ÷ average employees.
Profit per employee
£3.9k
Profit ÷ average employees.
Cash conversion
−108.9%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
13.9%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
1.9%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
5.4%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
▲45%
Now £7.5m
Cash at bank
▼98%
Now £4.9k
Headcount
▲2%
Now 642
Deferred income
▼29%
Now £1.4m
Fixed assets
▲7%
Now £10.1m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Belfry Topco Limitedultimate parent75–100%
  2. Belfry Midco Limited75–100%
  3. Compass Bidco Limited75–100%
  4. Torrent Midco 1 Ltd75–100%
  5. Torrent Midco 2 Ltd75–100%
  6. Torrent Bidco Ltd75–100%
  7. RKS Holdings Ltd75–100%
  8. Steer Automotive Group Limited75–100%
  9. Gemini Accident Repair Centres Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Sister companies (31)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £2.5m), from the Companies House accounts bulk data published Sep 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.