How much does Passion Cars Ltd make?

Passion Cars Ltd reported revenue of £388k and a loss of £71.5k in the year to 31 Oct 2024, according to its accounts filed at Companies House.

How many employees does Passion Cars Ltd have?

Passion Cars Ltd reported an average of 2 employees in the year to 31 Oct 2024.

Is Passion Cars Ltd profitable?

No — Passion Cars Ltd reported a loss of £71.5k in the year to 31 Oct 2024.

Company No. 12947865 · Incorporated 13 Oct 2020

Passion Cars Ltd

Registered name: PASSION CARS LTD

Passion Cars Ltd made £388k revenue and a £71.5k loss in the year to 31 Oct 2024.

Passion Cars Ltd’s revenue fell 32% to £388k in the year to 31 Oct 2024, with a loss of £71.5k and 2 employees. The company is classified under “sale of used cars and light motor vehicles” and is based in Bexleyheath; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 45112Sale of used cars and light motor vehicles

Status: Liquidation
Location: Bexleyheath, South East
Age: 6 yrs · since 2020
Type: Private Limited Company

Latest accounts · year to 31 Oct 2024

Key figures

IndependentSmall teamCapital-light

Revenue

£388k

Growth ▼32.5%

Profit

−£71.5k

Growth ▼4098%

Profit margin

−18.5%

Gross 17.1%

Employees

Change 0%

Profit / employee

−£35.8k

Revenue/employee £194k

Profitable streak

0yrs

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 to	31 Oct 2022	31 Oct 2023	31 Oct 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£420k	£574k	£388k
Cost of sales	£330k	£434k	£321k
Gross profit	£90.4k	£140k	£66.1k
Operating profit	£25.7k	£2.2k	−£71.5k
Profit before tax	£25.7k	£2.2k	−£71.5k
Profit after tax	£20.6k	£1.8k	−£71.5k
Profit (best available)	£20.6k	£1.8k	−£71.5k
Employees (average)	2	2	2
Ratios
Profit margin	4.9%	0.3%	−18.5%
Gross margin	21.5%	24.3%	17.1%
Revenue per employee	£210k	£287k	£194k
Profit per employee	£10.3k	£894	−£35.8k
Growth (year on year)
Revenue growth	—	▲36.7%	▼32.5%
Profit growth	—	▼91.3%	▼4098%
Headcount growth	—	0%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.3k	£140	£870
Net assets	£20.7k	£1.9k	−£69.6k
Fixed assets	£1.7k	£1.1k	£567
Current assets	£119k	£154k	£106k
Debtors	£16.6k	£1.3k	£3.8k
Source	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Feb 2024	FullAccounts · bulk data Jul 2025

Derived from the latest filing

How the business works

Profit margin: −18.5%; Profit ÷ revenue.
Gross margin: 17.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £194k; Revenue ÷ average employees.
Profit per employee: −£35.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1%; 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: ▼3787%; Now −£69.6k
Cash at bank: ▲521%; Now £870
Headcount: 0%; Now 2
Deferred income: —; Now —
Fixed assets: ▼50%; Now £567

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2024 (profit −£71.5k), from the Companies House accounts bulk data published Jul 2025. 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.