iam drive & survive limited
iam drive & survive limited Company Information
Company Number
02019635
Website
www.iamroadsmart.comRegistered Address
1 albany place hyde way, welwyn garden city, AL7 3BT
Industry
Driving school activities
Telephone
08453108311
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
institute of advanced motorists ltd 100%
iam drive & survive limited Estimated Valuation
Pomanda estimates the enterprise value of IAM DRIVE & SURVIVE LIMITED at £403.5k based on a Turnover of £811.6k and 0.5x industry multiple (adjusted for size and gross margin).
iam drive & survive limited Estimated Valuation
Pomanda estimates the enterprise value of IAM DRIVE & SURVIVE LIMITED at £0 based on an EBITDA of £-119.3k and a 2.46x industry multiple (adjusted for size and gross margin).
iam drive & survive limited Estimated Valuation
Pomanda estimates the enterprise value of IAM DRIVE & SURVIVE LIMITED at £0 based on Net Assets of £-1.3m and 0.17x industry multiple (adjusted for liquidity).
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Iam Drive & Survive Limited Overview
Iam Drive & Survive Limited is a live company located in welwyn garden city, AL7 3BT with a Companies House number of 02019635. It operates in the driving school activities sector, SIC Code 85530. Founded in May 1986, it's largest shareholder is institute of advanced motorists ltd with a 100% stake. Iam Drive & Survive Limited is a mature, small sized company, Pomanda has estimated its turnover at £811.6k with declining growth in recent years.
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Iam Drive & Survive Limited Health Check
Pomanda's financial health check has awarded Iam Drive & Survive Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
8 Weak
Size
annual sales of £811.6k, make it smaller than the average company (£1.3m)
£811.6k - Iam Drive & Survive Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (-3.8%)
-14% - Iam Drive & Survive Limited
-3.8% - Industry AVG
Production
with a gross margin of 24.2%, this company has a higher cost of product (41.2%)
24.2% - Iam Drive & Survive Limited
41.2% - Industry AVG
Profitability
an operating margin of -14.7% make it less profitable than the average company (4%)
-14.7% - Iam Drive & Survive Limited
4% - Industry AVG
Employees
with 8 employees, this is below the industry average (16)
- Iam Drive & Survive Limited
16 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Iam Drive & Survive Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £101.5k, this is equally as efficient (£105.3k)
- Iam Drive & Survive Limited
£105.3k - Industry AVG
Debtor Days
it gets paid by customers after 125 days, this is later than average (41 days)
125 days - Iam Drive & Survive Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is slower than average (23 days)
27 days - Iam Drive & Survive Limited
23 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (4 days)
1 days - Iam Drive & Survive Limited
4 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (6 weeks)
1 weeks - Iam Drive & Survive Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 459.1%, this is a higher level of debt than the average (74.1%)
459.1% - Iam Drive & Survive Limited
74.1% - Industry AVG
IAM DRIVE & SURVIVE LIMITED financials
Iam Drive & Survive Limited's latest turnover from March 2023 is £811.6 thousand and the company has net assets of -£1.3 million. According to their latest financial statements, we estimate that Iam Drive & Survive Limited has 8 employees and maintains cash reserves of £58.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 811,646 | 865,454 | 451,193 | 1,273,822 | 1,166,308 | 1,257,921 | 1,284,067 | 1,352,392 | 1,432,543 | 1,678,688 | 1,426,122 | 1,594,223 | 1,783,816 | 1,651,345 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 614,870 | 481,913 | 241,746 | 628,930 | 653,657 | 628,938 | 637,589 | 661,379 | 736,513 | 808,407 | 683,749 | 712,501 | 714,672 | 571,289 |
| Gross Profit | 196,776 | 383,541 | 209,447 | 644,892 | 512,651 | 628,983 | 646,478 | 691,013 | 696,030 | 870,281 | 742,373 | 881,722 | 1,069,144 | 1,080,056 |
| Admin Expenses | 316,029 | 703,452 | 638,714 | 839,945 | 716,541 | 729,030 | 815,778 | 989,521 | 1,071,619 | 1,030,882 | 1,209,939 | 1,227,043 | 1,394,684 | 1,754,215 |
| Operating Profit | -119,253 | -319,911 | -429,267 | -195,053 | -203,890 | -100,047 | -169,300 | -298,508 | -375,589 | -160,601 | -467,566 | -345,321 | -325,540 | -674,159 |
| Interest Payable | 15,209 | 14,587 | 8,031 | 10,020 | 4,278 | 0 | 0 | 0 | 0 | 73,870 | 58,875 | 51,789 | 42,070 | 28,106 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,583 |
| Pre-Tax Profit | -134,462 | -334,498 | -437,298 | -205,073 | -208,168 | -100,047 | 31,483 | 53,599 | -49,830 | 2,953,290 | -526,441 | -397,110 | -585,618 | -857,345 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -134,462 | -334,498 | -437,298 | -205,073 | -208,168 | -100,047 | 31,483 | 53,599 | -49,830 | 2,953,290 | -526,441 | -397,110 | -585,618 | -857,345 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -134,462 | -334,498 | -437,298 | -205,073 | -208,168 | -100,047 | 31,483 | 53,599 | -49,830 | 2,953,290 | -526,441 | -397,110 | -585,618 | -857,345 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 299,113 | 366,989 | 561,851 | 629,956 | 626,513 | 661,406 | 637,736 | 555,562 | 852,147 |
| Number Of Employees | 9 | 10 | 14 | 15 | 13 | 17 | 20 | 19 | 20 | |||||
| EBITDA* | -119,253 | -319,911 | -429,267 | -195,053 | -203,141 | -98,019 | -166,024 | -295,232 | -371,862 | -158,074 | -465,651 | -342,938 | -320,370 | -673,025 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 749 | 1,577 | 3,653 | 5,729 | 12,605 | 4,995 | 3,333 | 5,716 | 10,887 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 1,200 | 2,400 | 3,600 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2 | 2 | 2 | 2 | 2 | 751 | 2,779 | 6,055 | 9,331 | 12,607 | 4,997 | 3,335 | 5,718 | 10,889 |
| Stock & work in progress | 2,664 | 35,077 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 278,335 | 271,139 | 43,296 | 225,181 | 261,918 | 222,464 | 233,353 | 203,380 | 186,894 | 250,372 | 234,350 | 240,922 | 289,518 | 317,535 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,578 | 0 | 0 | 218,008 |
| Misc Debtors | 11,865 | 7,083 | 5,035 | 6,565 | 34,860 | 0 | 927 | 3,672 | 4,683 | 1,756 | 5,804 | 10,920 | 12,542 | 5,045 |
| Cash | 58,147 | 56,885 | 59,247 | 65,802 | 19,855 | 140,449 | 114,240 | 142,564 | 154,240 | 152,021 | 80,965 | 47,952 | 63,343 | 196,942 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 351,011 | 370,184 | 107,578 | 297,548 | 316,633 | 362,913 | 348,520 | 349,616 | 345,817 | 404,149 | 336,697 | 299,794 | 365,403 | 737,530 |
| total assets | 351,013 | 370,186 | 107,580 | 297,550 | 316,635 | 363,664 | 351,299 | 355,671 | 355,148 | 416,756 | 341,694 | 303,129 | 371,121 | 748,419 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 46,061 | 1,496,214 | 45,157 | 102,323 | 69,751 | 32,656 | 47,354 | 62,154 | 63,371 | 52,416 | 50,871 | 21,124 | 23,612 | 32,957 |
| Group/Directors Accounts | 1,434,859 | 0 | 776,211 | 513,233 | 199,782 | 125,337 | 0 | 0 | 0 | 0 | 2,922,754 | 2,348,934 | 2,084,908 | 1,823,608 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 130,583 | 0 | 77,742 | 36,226 | 196,261 | 146,662 | 144,889 | 165,944 | 217,803 | 240,536 | 197,555 | 236,116 | 168,536 | 212,171 |
| total current liabilities | 1,611,503 | 1,496,214 | 899,110 | 651,782 | 465,794 | 304,655 | 192,243 | 228,098 | 281,174 | 292,952 | 3,171,180 | 2,606,174 | 2,277,056 | 2,068,736 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,611,503 | 1,496,214 | 899,110 | 651,782 | 465,794 | 304,655 | 192,243 | 228,098 | 281,174 | 292,952 | 3,171,180 | 2,606,174 | 2,277,056 | 2,068,736 |
| net assets | -1,260,490 | -1,126,028 | -791,530 | -354,232 | -149,159 | 59,009 | 159,056 | 127,573 | 73,974 | 123,804 | -2,829,486 | -2,303,045 | -1,905,935 | -1,320,317 |
| total shareholders funds | -1,260,490 | -1,126,028 | -791,530 | -354,232 | -149,159 | 59,009 | 159,056 | 127,573 | 73,974 | 123,804 | -2,829,486 | -2,303,045 | -1,905,935 | -1,320,317 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -119,253 | -319,911 | -429,267 | -195,053 | -203,890 | -100,047 | -169,300 | -298,508 | -375,589 | -160,601 | -467,566 | -345,321 | -325,540 | -674,159 |
| Depreciation | 0 | 0 | 0 | 0 | 749 | 828 | 2,076 | 2,076 | 2,527 | 2,527 | 1,915 | 2,383 | 5,170 | 1,134 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 1,200 | 1,200 | 1,200 | 1,200 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | -32,413 | 35,077 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 11,978 | 229,891 | -183,415 | -65,032 | 74,314 | -11,816 | 27,228 | 15,475 | -60,551 | -3,604 | 3,890 | -50,218 | -238,528 | 540,588 |
| Creditors | -1,450,153 | 1,451,057 | -57,166 | 32,572 | 37,095 | -14,698 | -14,800 | -1,217 | 10,955 | 1,545 | 29,747 | -2,488 | -9,345 | 32,957 |
| Accruals and Deferred Income | 130,583 | -77,742 | 41,516 | -160,035 | 49,599 | 1,773 | -21,055 | -51,859 | -22,733 | 42,981 | -38,561 | 67,580 | -43,635 | 212,171 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,418,388 | 788,436 | -261,502 | -257,484 | -190,761 | -99,128 | -229,107 | -363,783 | -323,089 | -109,944 | -478,355 | -227,628 | -134,822 | -968,485 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,434,859 | -776,211 | 262,978 | 313,451 | 74,445 | 125,337 | 0 | 0 | 0 | -2,922,754 | 573,820 | 264,026 | 261,300 | 1,823,608 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -15,209 | -14,587 | -8,031 | -10,020 | -4,278 | 0 | 0 | 0 | 0 | -73,870 | -58,875 | -51,789 | -42,070 | -22,523 |
| cash flow from financing | 1,419,650 | -790,798 | 254,947 | 303,431 | 70,167 | 125,337 | 0 | 0 | 0 | -2,996,624 | 514,945 | 212,237 | 219,230 | 1,338,113 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,262 | -2,362 | -6,555 | 45,947 | -120,594 | 26,209 | -28,324 | -11,676 | 2,219 | 71,056 | 33,013 | -15,391 | -133,599 | 196,942 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,262 | -2,362 | -6,555 | 45,947 | -120,594 | 26,209 | -28,324 | -11,676 | 2,219 | 71,056 | 33,013 | -15,391 | -133,599 | 196,942 |
iam drive & survive limited Credit Report and Business Information
Iam Drive & Survive Limited Competitor Analysis
Perform a competitor analysis for iam drive & survive limited by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in AL7 area or any other competitors across 12 key performance metrics.
iam drive & survive limited Ownership
IAM DRIVE & SURVIVE LIMITED group structure
Iam Drive & Survive Limited has 1 subsidiary company.
Ultimate parent company
1 parent
IAM DRIVE & SURVIVE LIMITED
02019635
1 subsidiary
iam drive & survive limited directors
Iam Drive & Survive Limited currently has 2 directors. The longest serving directors include Mr Stuart Donald (Feb 2021) and Mr Antony Kildare (Nov 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stuart Donald | England | 60 years | Feb 2021 | - | Director |
| Mr Antony Kildare | 63 years | Nov 2022 | - | Director |
P&L
March 2023turnover
811.6k
-6%
operating profit
-119.3k
-63%
gross margin
24.3%
-45.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-1.3m
+0.12%
total assets
351k
-0.05%
cash
58.1k
+0.02%
net assets
Total assets minus all liabilities
iam drive & survive limited company details
company number
02019635
Type
Private limited with Share Capital
industry
85530 - Driving school activities
incorporation date
May 1986
age
38
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
i.a.m. fleet training limited (March 2010)
last accounts submitted
March 2023
address
1 albany place hyde way, welwyn garden city, AL7 3BT
accountant
-
auditor
CROWE U.K. LLP
iam drive & survive limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 1 charges/mortgages relating to iam drive & survive limited. Currently there are 1 open charges and 0 have been satisfied in the past.
iam drive & survive limited Companies House Filings - See Documents
| date | description | view/download |
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