driveon developments limited
driveon developments limited Company Information
Group Structure
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Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
ferriby hall 2 high street, north ferriby, east riding of yorkshir, HU14 3JP
Website
warnerbros.comdriveon developments limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVEON DEVELOPMENTS LIMITED at £90.4m based on a Turnover of £18.6m and 4.85x industry multiple (adjusted for size and gross margin).
driveon developments limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVEON DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-297.1k and a 9.49x industry multiple (adjusted for size and gross margin).
driveon developments limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVEON DEVELOPMENTS LIMITED at £16.6m based on Net Assets of £9.5m and 1.75x industry multiple (adjusted for liquidity).
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Driveon Developments Limited Overview
Driveon Developments Limited is a live company located in east riding of yorkshir, HU14 3JP with a Companies House number of 02684393. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in February 1992, it's largest shareholder is bruce henry rowles with a 100% stake. Driveon Developments Limited is a mature, mid sized company, Pomanda has estimated its turnover at £18.6m with rapid growth in recent years.
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Driveon Developments Limited Health Check
Pomanda's financial health check has awarded Driveon Developments Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
3 Weak
Size
annual sales of £18.6m, make it larger than the average company (£831k)
- Driveon Developments Limited
£831k - Industry AVG
Growth
3 year (CAGR) sales growth of 402%, show it is growing at a faster rate (2.3%)
- Driveon Developments Limited
2.3% - Industry AVG
Production
with a gross margin of 73%, this company has a comparable cost of product (73%)
- Driveon Developments Limited
73% - Industry AVG
Profitability
an operating margin of -1.6% make it less profitable than the average company (26.9%)
- Driveon Developments Limited
26.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Driveon Developments Limited
4 - Industry AVG
Pay Structure
on an average salary of £31.2k, the company has an equivalent pay structure (£31.2k)
- Driveon Developments Limited
£31.2k - Industry AVG
Efficiency
resulting in sales per employee of £18.6m, this is more efficient (£177.7k)
- Driveon Developments Limited
£177.7k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is later than average (33 days)
- Driveon Developments Limited
33 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Driveon Developments Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Driveon Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1093 weeks, this is more cash available to meet short term requirements (13 weeks)
1093 weeks - Driveon Developments Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5.9%, this is a lower level of debt than the average (67.5%)
5.9% - Driveon Developments Limited
67.5% - Industry AVG
DRIVEON DEVELOPMENTS LIMITED financials
Driveon Developments Limited's latest turnover from June 2023 is estimated at £18.6 million and the company has net assets of £9.5 million. According to their latest financial statements, Driveon Developments Limited has 1 employee and maintains cash reserves of £3.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,700,704 | 2,701,110 | 3,241,062 | 3,220,380 | 3,212,025 | 3,200,932 | 3,201,096 | 2,528,289 | 2,556,914 | 2,558,052 | 2,559,238 | 2,107,648 | 2,107,534 | 2,106,594 |
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 2,700,704 | 2,701,110 | 3,241,062 | 3,220,380 | 3,212,025 | 3,200,932 | 3,201,096 | 2,528,289 | 2,556,914 | 2,558,052 | 2,559,238 | 2,107,648 | 2,107,534 | 2,106,594 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 2,595,593 | 9,411,550 | 263,260 | 11,039 | 11,534 | 8,681 | 5,835 | 9,204 | 7,913 | |||||
| Group Debtors | ||||||||||||||
| Misc Debtors | 1,468,300 | 265,878 | 274,694 | 264,169 | 14,016 | 12,527 | ||||||||
| Cash | 3,367,874 | 2,259 | 14,002 | 235,970 | 239,203 | 13,431 | 11,591 | |||||||
| misc current assets | ||||||||||||||
| total current assets | 7,431,767 | 9,411,550 | 265,519 | 279,880 | 274,694 | 264,169 | 249,986 | 251,730 | 24,470 | 11,534 | 8,681 | 17,426 | 9,204 | 7,913 |
| total assets | 10,132,471 | 12,112,660 | 3,506,581 | 3,500,260 | 3,486,719 | 3,465,101 | 3,451,082 | 2,780,019 | 2,581,384 | 2,569,586 | 2,567,919 | 2,125,074 | 2,116,738 | 2,114,507 |
| Bank overdraft | 19,932 | 20,738 | 9,822 | |||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 208,374 | 215,597 | 229,038 | 304,442 | 339,000 | |||||||||
| Group/Directors Accounts | ||||||||||||||
| other short term finances | 76,872 | 76,872 | 76,872 | 15,176 | ||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 160,217 | 1,906,068 | 165,000 | 170,019 | 170,366 | 119,024 | 128,736 | 159,167 | ||||||
| total current liabilities | 160,217 | 1,926,000 | 165,000 | 170,019 | 191,104 | 205,718 | 205,608 | 236,039 | 208,374 | 215,597 | 244,214 | 304,442 | 339,000 | |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 274,704 | |||||||||||||
| provisions | 442,000 | 442,000 | 431,000 | 431,000 | 431,000 | 431,000 | 435,000 | 329,000 | ||||||
| total long term liabilities | 442,000 | 442,000 | 431,000 | 431,000 | 431,000 | 431,000 | 435,000 | 329,000 | 274,704 | |||||
| total liabilities | 602,217 | 2,368,000 | 596,000 | 601,019 | 622,104 | 636,718 | 640,608 | 565,039 | 208,374 | 215,597 | 244,214 | 274,704 | 304,442 | 339,000 |
| net assets | 9,530,254 | 9,744,660 | 2,910,581 | 2,899,241 | 2,864,615 | 2,828,383 | 2,810,474 | 2,214,980 | 2,373,010 | 2,353,989 | 2,323,705 | 1,850,370 | 1,812,296 | 1,775,507 |
| total shareholders funds | 9,530,254 | 9,744,660 | 2,910,581 | 2,899,241 | 2,864,615 | 2,828,383 | 2,810,474 | 2,214,980 | 2,373,010 | 2,353,989 | 2,323,705 | 1,850,370 | 1,812,296 | 1,775,507 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 406 | 419 | 143 | 119 | 140 | 164 | 193 | 445 | 1,138 | 1,186 | 1,023 | 436 | 322 | 249 |
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | ||||||||||||||
| Debtors | -5,347,657 | 9,148,290 | -2,618 | -8,816 | 10,525 | 250,153 | 1,489 | 1,488 | -495 | 2,853 | 2,846 | -3,369 | 1,291 | 7,913 |
| Creditors | -208,374 | -7,223 | -13,441 | 229,038 | -304,442 | -34,558 | 339,000 | |||||||
| Accruals and Deferred Income | -1,745,851 | 1,741,068 | -5,019 | -347 | 51,342 | -9,712 | -30,431 | 159,167 | ||||||
| Deferred Taxes & Provisions | 11,000 | -4,000 | 106,000 | 329,000 | ||||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | ||||||||||||||
| Other Short Term Loans | -76,872 | 76,872 | -15,176 | 15,176 | ||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | -274,704 | 274,704 | ||||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 3,367,874 | -2,259 | -11,743 | 14,002 | -235,970 | -3,233 | 225,772 | 13,431 | -11,591 | 11,591 | ||||
| overdraft | -19,932 | 19,932 | -20,738 | 10,916 | 9,822 | |||||||||
| change in cash | 3,387,806 | -22,191 | -11,743 | 34,740 | -10,916 | -245,792 | -3,233 | 225,772 | 13,431 | -11,591 | 11,591 |
driveon developments limited Credit Report and Business Information
Driveon Developments Limited Competitor Analysis
Perform a competitor analysis for driveon developments limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in HU14 area or any other competitors across 12 key performance metrics.
driveon developments limited Ownership
DRIVEON DEVELOPMENTS LIMITED group structure
Driveon Developments Limited has no subsidiary companies.
Ultimate parent company
DRIVEON DEVELOPMENTS LIMITED
02684393
driveon developments limited directors
Driveon Developments Limited currently has 1 director, Mr Bruce Rowles serving since Mar 1992.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bruce Rowles | England | 64 years | Mar 1992 | - | Director |
P&L
June 2023turnover
18.6m
-71%
operating profit
-297.5k
0%
gross margin
73.1%
+0.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
9.5m
-0.02%
total assets
10.1m
-0.16%
cash
3.4m
0%
net assets
Total assets minus all liabilities
driveon developments limited company details
company number
02684393
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
February 1992
age
33
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
ferriby hall 2 high street, north ferriby, east riding of yorkshir, HU14 3JP
Bank
YORKSHIRE BANK PLC
Legal Advisor
-
driveon developments 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 driveon developments limited. Currently there are 0 open charges and 1 have been satisfied in the past.
driveon developments limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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driveon developments limited Companies House Filings - See Documents
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