AvailableCar Risk Report

🛡️ Financial & Liquidity

AvailableCar is experiencing significant financial challenges, particularly evident from their recent performance figures. With a trend of financial losses and declining profitability, the company's financial health appears precarious. They face substantial financial risks, emphasizing a need for robust financial strategies going forward.

• AvailableCar reported losses of £10.8m following another challenging year for the used car dealership 🗓 October 4, 2024.
• The company suffered a pre-tax loss of £7.3m after reporting a £2.1m profit the previous year 🗓 January 2, 2024.
• Profits fell by 85% at the used car supermarket group in 2020, with sales declining nearly £150m 🗓 October 29, 2021.

🏗️ Operational & Business Continuity

Operational challenges have emerged for AvailableCar, influencing their business continuity and operational efficiency. The strategic acquisitions and partnerships undertaken hint at underlying operational risks that demand effective management to ensure sustained operations.

• Big Motoring World acquired two retail sites from AvailableCar 🗓 October 23, 2023.
• DC Advisory advised the shareholders of Big Motoring World on the acquisition of certain trade and assets of AvailableCar 🗓 October 23, 2023.
• The company extended its RAC warranty and gap deal to 2027, signifying steps to ensure operational stability 🗓 April 5, 2023.

📜 Innovation & R&D

AvailableCar is venturing into innovative approaches to enhance sales and operations. Implementing technology-driven solutions could significantly benefit their operational model and improve customer engagement in the evolving automotive market.

• AvailableCar signed a five-year remarketing partnership with Cox Automotive to drive their innovative strategies 🗓 February 27, 2023.

👥 Labor & Workforce

No significant labor or workforce-related events were recorded recently that would impact the company.

⚖️ Legal & Regulatory

No recent legal or regulatory issues were highlighted for the company.

🏅 Awards & Recognition

No recent awards or recognition events were noted for the company.