The directors said: “The company is a trading company which operates through buying new and relatively new luxury motor vehicles from UK suppliers and sell them through an online platform in Cyprus via a group company.

“The results of the company for the period show a profit on ordinary activities before tax of £869,871, compared with £936,831 in 2022.

“The shareholders’ funds of the company total £326,158, set against £260,886 in 2022.”

The directors also said: “The new and used vehicles market continued to offer good prospects for profitable growth even in current difficult conditions.

“The company closely monitors market trends and takes timely action to address issues that may affect its trading.

“Apart from the possible difficult growth conditions being experienced by world markets as result of the economic environment, there are no other major risks or uncertainty which could have an impact on the company’s long term performance.

“The company has an appropriate risk management structure in place which is designed to identify, manage and mitigate business risks.

“Risk assessment and evaluation is carried out continuously by the management team.”

Government guidance shows that administration “provides breathing space to allow a rescue package or more advantageous realisation of assets to be put in place”.

The guidance continues: “An administrator is appointed to manage a company’s affairs, business and property for the benefit of the creditors.”

Global prestige beauty brand Sephora UK has unveiled the opening dates for its first Scottish stores this summer.

The LVMH-owned retailer’s ‘Temples of Beauty’ will open at St James Quarter, Edinburgh, on Thursday 9 July, and Silverburn, Glasgow, on Thursday 13 August 2026.

Both stores will be stocked with Sephora UK exclusives and selective brands, giving fans the chance to shop the likes of rhode, Haus Labs, Makeup by Mario, Merit Beauty, INNBeauty Project, Tower 28 and Half Magic for the first time ever on Scottish soil.

Sarah Boyd, managing director of Sephora UK, said: “This summer marks a major milestone in Sephora UK’s journey as we continue to bring out a unique beauty experience to more communities across the country.

“We’re incredibly excited to be opening our first stores in Scotland, giving beauty lovers access to some of the world’s most sought-after brands and exclusive products for the very first time.

“We can’t wait to welcome customers through our doors and celebrate what promises to be a true Sephora Summer.”

Money HQ 💷

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This article appears as part of Money HQ series by Ben Stark

After years of underperformance, smaller companies, known as small caps, had a stellar start to the year. Yet with values still relatively low, could it be worth investors taking a closer look?

In recent years, it has sometimes been hard to escape talk of the Magnificent 7 – the group of seven of the world’s largest and most influential companies which includes the likes of Apple, Amazon and Nvidia.

These companies have played a major role in driving stock market returns in recent years.

Even when their performance ebbs somewhat, other tech giants, defence companies or similar have naturally filled the news cycle.

But by only looking at the biggest companies out there, are we ignoring the vast world of smaller companies (small caps)?

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