Motorway Online Ltd

Active10285711Information & communicationIncorporated 19 Jul 2016 · London

The principal activity of the Group is a digital marketplace connecting private consumers selling their cars directly to a network of more than 7,500 verified car dealers, matching each seller with the dealer who most wants to buy their car. This enables consumers to sell their car quickly for the best price from the comfort of home , and a powerful way for car dealers to acquire the best used car stock efficiently . Going concern The Directors have reviewed the Group ' s Board approved budget and forecasts for the 12 months from the date of this report . The Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Thus , they continue to adopt the going concern basis in preparing the annual financial statements . Further details regarding the adoption of the going concern basis can be found in note 1 to the financial statements .

Revenue

£41.2m

▲ +107.1% vs prior ~12m period

Profit after tax

-£42.5m

Margin -105.8%

Employees

448

▲ +1.8% vs prior ~12m period

Net assets

£37.0m

Total assets £46.1bn

Financial history

Revenue by accounting period

5 periods available · ▲ growth ▼ decline

Dec 2020
Not available
Dec 2021
£19.9m
Dec 2022
£41.2m▲ +107.1%
Dec 2023
Not available
Dec 2024
Not available
Period endRevenueGrowthProfit before taxEmployeesNet assets
31 Dec 2024———448£37.0m
31 Dec 2023———440£70.0m
31 Dec 2022£41.2m▲ +107.1%-£43.4m318£94.1m
31 Dec 2021£19.9m—-£12.9m164£123.8m
31 Dec 2020———75£2.9m

Latest available figures

Period ending 31 Dec 2022. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.

Profit & loss

Revenue
£41.2m
Gross profit
£35.9m
Operating profit
-£43.6m
Profit before tax
-£43.4m
Profit after tax
-£42.5m

Balance sheet

Total assets
£46.1bn
Cash
£29.6m
Total liabilities
£46.0bn
Net assets
£37.0m
Revenue per employee
Not available

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