CARHOO GROUP LIMITED
Company Details
Incorporated
23 Aug 2024
Registered address
167-169 Great Portland Street, London, W1W 5PF
Active officers
2
SIC codes
Officers
ROUND, Jake Joseph
Director
SIBLEY, Richard James
Director
AI Risk Report
Executive Summary
CARHOO GROUP LIMITED reported strong revenue growth of 38% year-on-year, reaching £179m for the year ended March 2024. Pre-tax losses narrowed significantly to £50m, reflecting improving operational leverage. Net assets stand at £25m with cash of £20m, supported by a £20m shareholder loan facility providing runway through September 2027.
⚠ Red Flags
- Cumulative P&L deficit of £251m
- Going concern dependency on shareholder support
- Net assets declined 62% year-on-year
- Cash burn of £19m in the period
✓ Positive Signals
- Revenue growth of 38% YoY to £179m
- Gross margin maintained at 77%
- Operating loss narrowed by 18%
- Shareholder facility secured to 2027
Recommended Credit Limit
£25,000 – £50,000
Based on net assets, cash position, and going concern status
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FilingTrace / Companies / CARHOO GROUP LIMITED