driving plus limited
driving plus limited Company Information
Company Number
02436612
Website
http://synergist.co.ukRegistered Address
19-20 the triangle, ng2 business park, nottingham, notts, NG2 1AE
Industry
Other passenger land transport n.e.c.
Telephone
01514860866
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
staff-line recruitment ltd 100%
driving plus limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVING PLUS LIMITED at £427.7k based on a Turnover of £1.5m and 0.28x industry multiple (adjusted for size and gross margin).
driving plus limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVING PLUS LIMITED at £0 based on an EBITDA of £-22.9k and a 2.47x industry multiple (adjusted for size and gross margin).
driving plus limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVING PLUS LIMITED at £0 based on Net Assets of £-13.9k and 2.14x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Driving Plus Limited Overview
Driving Plus Limited is a live company located in nottingham, NG2 1AE with a Companies House number of 02436612. It operates in the other passenger land transport sector, SIC Code 49390. Founded in October 1989, it's largest shareholder is staff-line recruitment ltd with a 100% stake. Driving Plus Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with unknown growth in recent years.
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Driving Plus Limited Health Check
Pomanda's financial health check has awarded Driving Plus Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
5 Weak
Size
annual sales of £1.5m, make it larger than the average company (£917.7k)
- Driving Plus Limited
£917.7k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Driving Plus Limited
- - Industry AVG
Production
with a gross margin of 17.1%, this company has a higher cost of product (26.7%)
- Driving Plus Limited
26.7% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (7.2%)
- Driving Plus Limited
7.2% - Industry AVG
Employees
with 15 employees, this is below the industry average (26)
- Driving Plus Limited
26 - Industry AVG
Pay Structure
on an average salary of £24.2k, the company has an equivalent pay structure (£24.2k)
- Driving Plus Limited
£24.2k - Industry AVG
Efficiency
resulting in sales per employee of £100.9k, this is more efficient (£62.6k)
- Driving Plus Limited
£62.6k - Industry AVG
Debtor Days
it gets paid by customers after 31 days, this is later than average (22 days)
- Driving Plus Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 93 days, this is slower than average (19 days)
- Driving Plus Limited
19 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Driving Plus Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Driving Plus Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 104.2%, this is a higher level of debt than the average (37.3%)
104.2% - Driving Plus Limited
37.3% - Industry AVG
DRIVING PLUS LIMITED financials
Driving Plus Limited's latest turnover from December 2023 is estimated at £1.5 million and the company has net assets of -£13.9 thousand. According to their latest financial statements, we estimate that Driving Plus Limited has 15 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 91,491 | 3,007 | 216,271 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 91,491 | 3,007 | 216,271 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 131,439 | 120,362 | 149,071 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 107,937 | 85,973 | 85,715 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 239,376 | 206,335 | 234,786 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 330,867 | 209,342 | 451,057 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 321,867 | 200,342 | 442,057 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 321,867 | 200,342 | 442,057 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 |
| provisions | 22,873 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 22,873 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 344,740 | 200,342 | 442,057 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | -13,873 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | -13,873 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 33,041 | -28,451 | 234,786 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 121,525 | -241,715 | 442,057 | 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 | 0 |
| Deferred Taxes & Provisions | 22,873 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | -9,000 | 0 | 0 | 0 | 0 | 0 | 9,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 0 | 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 | 0 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
driving plus limited Credit Report and Business Information
Driving Plus Limited Competitor Analysis
Perform a competitor analysis for driving plus limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in NG2 area or any other competitors across 12 key performance metrics.
driving plus limited Ownership
DRIVING PLUS LIMITED group structure
Driving Plus Limited has 1 subsidiary company.
Ultimate parent company
2 parents
DRIVING PLUS LIMITED
02436612
1 subsidiary
driving plus limited directors
Driving Plus Limited currently has 2 directors. The longest serving directors include Mr Simon Taylor (Apr 2021) and Mr Steven Mercer (Oct 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Taylor | 50 years | Apr 2021 | - | Director | |
| Mr Steven Mercer | United Kingdom | 58 years | Oct 2023 | - | Director |
P&L
December 2023turnover
1.5m
+36%
operating profit
-22.9k
0%
gross margin
17.2%
+7.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-13.9k
-2.54%
total assets
330.9k
+0.58%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
driving plus limited company details
company number
02436612
Type
Private limited with Share Capital
industry
49390 - Other passenger land transport n.e.c.
incorporation date
October 1989
age
35
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
synergist group limited (February 2013)
ardent group limited (October 2008)
See moreaccountant
-
auditor
-
address
19-20 the triangle, ng2 business park, nottingham, notts, NG2 1AE
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
driving plus 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 2 charges/mortgages relating to driving plus limited. Currently there are 0 open charges and 2 have been satisfied in the past.
driving plus limited Companies House Filings - See Documents
| date | description | view/download |
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