Motorgroup 1 Limited

Reference number: 914058

Instant download

Authorised, but in an insolvency process

This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.

What the FCA says

ATTENTION - Firm in an insolvency process

This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

  • No website on the FCA register

  • No phone number on the FCA register

  • Address

    Kallis and co, Mountview Court, 1148 High Rd, Whetstone, N20 0RA, United Kingdom

In the full report: 1 background check

  • Who else gives the postcode N20 0RA
Instant PDF download
Other names (2)

If you were contacted under any of these names, it is this firm.

  • MTG MOTORS Trading name
  • OXON CAR CENTRE Former trading name

Past FCA permissions and consumer protection

  • In an insolvency process
    Money the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
Show FCA detail (3 permissions)
  • Credit Broking
  • Debt Adjusting
  • Debt-counselling

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Concerns on the company record

  • Companies House records this company in liquidation, but it is still authorised on the FCA register.
  • Accounts are overdue at Companies House.
  • Confirmation statement is overdue at Companies House.
  • This company has insolvency history on record.
Company number
10833373
Company status
Liquidation
Company type
Private limited company
Incorporated
23 June 2017 (9 years old)
Registered office
Mountview Court 1148 High Road, Whetstone, London, N20 0RA
Nature of business
  • Sale of used cars and light motor vehicles (SIC 45112)
  • Maintenance and repair of motor vehicles (SIC 45200)
  • Other transportation support activities (SIC 52290)

Directors and company secretaries

Name Role Born Appointed Other companies
Daniela Asparuhova Director Sep 1986 23 Jun 2017 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
Instant PDF download

Filed accounts and finances

Year to 30 June 2021Abridged accountsNot audited

Profit before tax

£30.5k

Not compared: the previous accounts cover a different length of time

Net assets

£74.3k

+86% from £40.0k

Cash at bank

£27.6k

No earlier figure to compare

Employees (average)

7

+133% from 3

Its next accounts are overdue at Companies House.

The accounts for the year to 30 June 2021 do not tag turnover in a form that can be read automatically, so it is not shown. The last tagged figure is £107k, for the year to 30 June 2020.

Assets and liabilities

About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

Accounts filed at Companies House for company 10833373. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Motorgroup 1’s history from the FCA register and Companies House, newest first.

Key events (4) All events (10)

2019

9 October 2019

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

2017

23 June 2017

  • Incorporated at Companies House
  • Daniela Asparuhova took control (75–100% of shares)

Companies House

In the full report: all 10 events

  • All 10 events in its history (4 shown here)
  • Every director appointment and resignation: 1
Instant PDF download

Firms connected to Motorgroup 1

Other FCA-listed firms that share a director, phone number or address with Motorgroup 1. A link shows who the firm is tied to, not whether either can be trusted.

connected firms
2
no longer authorised
1
share its postcode
2

In the full report: all 2 connected firms, named

  • How each is linked: the same postcode (2)
  • Who links each one: the named directors, with dates
Instant PDF download

Firms like Motorgroup 1

Other firms of the same type (car dealer), nearest first.

In the North London (N) postcode area

Affordable Cars of Fareham LimitedLondonAuthorisedAJ Trade Cars LimitedLondonAuthorisedAuto Mall LtdLondonAuthorisedAutobase Holdings LimitedLondonAuthorisedAutograph Vehicle Solutions LtdLondonAuthorisedB&h Cars LtdLondonAuthorised

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Motorgroup 1

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • Every company its directors have run, named
  • 1 background check on its contact details
  • All 10 events in its history
  • 2 connected firms, named, and who links them

Instant PDF One-off payment Secure checkout by Stripe

Frequently asked questions about this firm

Is Motorgroup 1 Limited FCA authorised?
Yes, Motorgroup 1 Limited (FRN 914058) is authorised by the FCA to carry out regulated activities. It is also in an insolvency process, under the control of insolvency practitioners, so deal with the appointed office holders rather than the firm. It has held its current authorisation since October 2019 and works as a car dealer. The FCA has placed no limits on its permissions.
Is Motorgroup 1 a scam or clone?
Motorgroup 1 is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Motorgroup 1?
Motorgroup 1 is under the control of insolvency practitioners, so money it held is returned through the appointed office holders rather than by the firm. That takes time and can fall short. Where money is missing, the FSCS covers eligible claims up to its limits, and the Financial Ombudsman Service can still consider a complaint.
Who owns Motorgroup 1?
Companies House lists one person with significant control of Motorgroup 1: Daniela Asparuhova (75–100% of shares).
Who runs Motorgroup 1?
Companies House lists one director of Motorgroup 1: Daniela Asparuhova.
How long has Motorgroup 1 been in business?
The company was formed on 23 June 2017. Companies House now lists it as liquidation.
What do Motorgroup 1’s latest accounts show?
Its latest accounts, to 30 June 2021, show profit before tax of £30.5k (not compared: the previous accounts cover a different length of time) and net assets of £74.3k (+86% from £40.0k). Its accounts are overdue at Companies House.
Does Motorgroup 1 use any other names?
It trades as MTG MOTORS. It has previously used the name OXON CAR CENTRE.

Sources and links

The full report on Motorgroup 1 Limited

£19.99 · Instant PDF download

Loading secure checkout…