CP Plus Ltd, was established in the bustling city of London on 26 March 1991 and is an important player in the Parking Management industry. The company quickly made a significant mark in the parking solutions industry. Operating from its registered office at Jack Straw’s Castle, the company has actively engaged in various industry sectors. Moreover, the financial evolution of CP Plus Ltd presents an intriguing tale. This article aims to dive deep into the company's financial journey. We are also covering how the KADOE inquiries have played a pivotal role in shaping its financial landscape.
An Overview of CP Plus Ltd
CP Plus Ltd, located at the historic Jack Straw’s Castle, continues to thrive and upholds a commendable reputation in the parking management realm. They are predominantly known for crafting optimised parking solutions. However, there have been numerous discussions about the practices CP Plus Ltd adopts, especially concerning parking fines. Concerns and grievances, including issues with debt collection related to parking violations, have emerged from certain quarters.
CP Plus Ltd ensures adherence to industry standards by operating under the governance of the British Parking Association. This association sets the benchmark for parking management in the UK, guiding CP Plus Ltd in maintaining high standards.
Deciphering the Numbers: Financial Progress & Impact of KADOE Inquiries
- 2019: In 2019, CP Plus Ltd processed 210,074 KADOE inquiries, achieving a turnover of £20,133,779 and securing a profit of £3,754,896.
- 2020: Moving into 2020, the KADOE inquiries experienced a 25% decline, falling to 157,686. Consequently, the turnover also decreased by 5.8%, reaching £18,974,501, and the profit saw a slight dip of 2.3%, landing at £3,667,633.
- 2021: However, 2021 brought a dramatic change, as KADOE inquiries surged by a massive 80.5%, totaling 284,815. Despite this increase, turnover unfortunately decreased by 17.3% to £15,689,440. Additionally, the profit experienced a significant downturn, plummeting by 60.3% to £1,452,667.
- 2022: Then in 2022, CP Plus Ltd witnessed another increase in KADOE inquiries, this time by 34.8%, reaching 383,848. This surge led to a notable resurgence in turnover, which soared by an impressive 86% to £29,211,679. Furthermore, profits rebounded strongly, growing by a remarkable 195.7% to £4,293,481.
| Year | KADOE Inquires | Company Turnover | Company Profit |
| 2019 | 210,074 | £20,133,779 | £3,754,896 |
| 2020 | 157,686 | £18,974,501 | £3,667,633 |
| 2021 | 284,815 | £15,689,440 | £1,452,667 |
| 2022 | 383,848 | £29,211,679 | £4,293,481 |
Insights and Analysis
It's evident that the trajectory of KADOE inquiries and the company's financials are intertwined. A dip in KADOE inquiries in 2020 corresponded with a slight fall in turnover and profit. However, even with the significant surge in inquiries in 2021, the profits took a hit, indicating external factors or operational challenges affecting profitability. The massive rebound in 2022, both in inquiries and financials, is a testament to CP Plus Ltd's resilience and adaptability.
A Glimpse at the British Parking Association
Operating under the aegis of the British Parking Association ensures that CP Plus Ltd conforms to the highest standards set by the industry's governing body. The British Parking Association plays a pivotal role in streamlining parking practices, ensuring fairness, transparency, and accountability.
Your Voice Matters
To get a comprehensive view of CP Plus Ltd or to share your experience with the community, visit our platform. Whether you've used their services, encountered their parking solutions, or have received a PCN, your review can be invaluable for prospective clients and fellow users.
