Specialist Cars (UK) Ltd

Reference number: 674092

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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

    c/o S Baxter The Official Receiver Or Cardiff, 1st Floor Ty William Morgan 6 Central Square, Cardiff, CF10 1EP, United Kingdom

In the full report: 1 background check

  • Who else gives the postcode CF10 1EP
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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
09244583
Company status
Liquidation
Company type
Private limited company
Incorporated
1 October 2014 (12 years old)
Registered office
39 Cardiff Road, Llandaff, Cardiff, South Glamorgan, CF5 2DP, Wales
Nature of business
  • Sale of used cars and light motor vehicles (SIC 45112)

Directors and company secretaries

Name Role Born Appointed Other companies
Phillip Michael James Director Sep 1977 1 Oct 2014 2 other companies

Other companies run by its director

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies
2
closed down
1
went insolvent
1

In the full report: all 2 companies, named

  • What each company does, and whether it is still trading
  • Which of its director sits on each board, and since when
  • The one that went into liquidation or administration
  • All 3 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2024Small company accountsNot audited

Net assets

£29.8k

−92% from £382k

Cash at bank

£53.5k

−19% from £65.9k

Employees (average)

13

+63% from 8

Owed within a year

£992k

+30% from £762k

Its next accounts are overdue at Companies House.

Assets and liabilities

In the full report: all 5 years of accounts

  • Every year from 2020 to 2024
  • The chart, over every year
  • Every filed figure, year by year
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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.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 09244583. 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

Specialist Cars (UK)’s history from the FCA register and Companies House, newest first.

Key events (6) All events (13)

2019

15 July 2019

  • Gary Powell stopped being a part-owner

Companies House

2016

6 April 2016

  • Gary Powell became a part-owner (25–50% of shares)
  • Phillip Michael James took control (75–100% of shares)

Companies House

2015

20 March 2015

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

FCA register

2014

1 October 2014

  • Incorporated at Companies House

Companies House

In the full report: all 13 events

  • All 13 events in its history (6 shown here)
  • Every director appointment and resignation: 5
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Firms like Specialist Cars (UK)

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

In Cardiff

A Z I Motors LtdCardiffAuthorisedA1 Motorcare LimitedCardiffAuthorisedAA Cars Cardiff LtdCardiffAuthorisedAbove Beyond Automotive LimitedCardiffAuthorisedAdaptive Vehicle Solutions LimitedCardiffAuthorisedAsk Motor Company LimitedCardiffAuthorised

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 Specialist Cars (UK)

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

  • 2 other companies its directors have run, named
  • 1 background check on its contact details
  • 5 years of accounts, charted
  • All 13 events in its history

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Frequently asked questions about this firm

Is Specialist Cars (UK) Ltd FCA authorised?
Yes, Specialist Cars (UK) Ltd (FRN 674092) 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 March 2015 and works as a car dealer. The FCA has placed no limits on its permissions.
Is Specialist Cars (UK) a scam or clone?
Specialist Cars (UK) 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 Specialist Cars (UK)?
Specialist Cars (UK) 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 Specialist Cars (UK)?
Companies House lists one person with significant control of Specialist Cars (UK): Mr Phillip Michael James (75–100% of shares). Before that, it was controlled by Mr Gary Powell.
Who runs Specialist Cars (UK)?
Companies House lists one director of Specialist Cars (UK): Phillip Michael James.
How long has Specialist Cars (UK) been in business?
The company was formed on 1 October 2014. Companies House now lists it as liquidation.
What do Specialist Cars (UK)’s latest accounts show?
Its latest accounts, to 31 March 2024, show net assets of £29.8k (−92% from £382k) and cash at bank of £53.5k (−19% from £65.9k). Its accounts are overdue at Companies House.

Sources and links

The full report on Specialist Cars (UK) Ltd

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