Drive Force (uk) Ltd

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drive force (uk) ltd Company Information

Live (In Liquidation)

MatureMidDeclining

Company Number

03861904

Website

www.driveforceuk.co.uk

Registered Address

c/o begbies traynor, 3rd floor c, lower castle street, bristol, BS1 3AG

Industry

Freight transport by road

Telephone

01173167670

Next Accounts Due

1324 days late

Group Structure

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Directors

Gary Chapman20 Years

John Owen18 Years

Shareholders

gary chapman 42.4%

executors of estate of wade clemesma 30.9%

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drive force (uk) ltd Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of DRIVE FORCE (UK) LTD at £2.3m based on a Turnover of £6.1m and 0.37x industry multiple (adjusted for size and gross margin).

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Drive Force (uk) Ltd is a live company located in bristol, BS1 3AG with a Companies House number of 03861904. It operates in the freight transport by road sector, SIC Code 49410. Founded in October 1999, it's largest shareholder is gary chapman with a 42.4% stake. Drive Force (uk) Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £6.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Drive Force (Uk) Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £6.1m, make it smaller than the average company (£8.6m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (4.1%)

EXPORT

Drive Force (Uk) Ltd's latest turnover from October 2018 is estimated at £6.1 million and the company has net assets of £340 thousand. According to their latest financial statements, Drive Force (Uk) Ltd has 37 employees and maintains cash reserves of £9.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	6,145,825	6,119,903	4,142,438	7,856,348	5,086,007	6,048,852	4,290,888	3,934,158	3,046,792	2,536,406
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,945,807	4,886,785	3,295,591	6,368,196	4,128,659	4,945,089	3,502,395	3,185,435	2,646,366	2,054,626
Gross Profit	1,200,018	1,233,119	846,846	1,488,152	957,348	1,103,762	788,493	748,722	400,426	481,780
Admin Expenses	1,275,630	1,196,074	842,199	1,387,855	836,467	978,389	597,340	703,385	311,297	337,483
Operating Profit	-75,612	37,045	4,647	100,297	120,881	125,373	191,153	45,337	89,129	144,297
Interest Payable	0	0	0	0	0	13,997	30,750	31,725	78,438	74,266
Interest Receivable	299	107	213	436	99	83	33	33	0	0
Pre-Tax Profit	-75,313	37,152	4,860	100,733	120,980	111,458	160,437	13,645	10,691	70,031
Tax	0	-7,059	-972	-20,146	-25,406	-25,635	-38,505	-3,548	0	0
Profit After Tax	-75,313	30,093	3,888	80,586	95,574	85,823	121,932	10,097	10,691	70,031
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-75,313	30,093	3,888	80,586	95,574	85,823	121,932	10,097	10,691	70,031
Employee Costs	1,228,024	1,129,924	1,104,343	2,099,982	1,346,973	1,572,900	1,140,106	1,034,984	847,006	0
Number Of Employees	37	35	35	67	45	53	39	36	30	0
EBITDA*	238,469	323,835	321,180	374,789	370,988	423,981	502,653	273,714	361,559	386,311

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	1,724,100	1,608,145	1,525,004	1,313,268	712,420	823,855	907,980	1,164,790	855,512	1,061,663
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,724,100	1,608,145	1,525,004	1,313,268	712,420	823,855	907,980	1,164,790	855,512	1,061,663
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,362,300	1,273,249	893,034	1,042,276	745,291	782,596	751,889	779,661	585,001	530,012
Group Debtors	0	0	0	0	0	0	0	0	85,786	0
Misc Debtors	0	383,926	356,149	0	0	0	0	0	0	45,091
Cash	9,234	70,407	15,030	155,605	18,627	20,796	12,247	1,026	12,250	91,977
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	1,696,079	1,727,582	1,264,213	1,197,881	763,918	803,392	764,136	780,687	683,037	667,080
total assets	3,420,179	3,335,727	2,789,217	2,511,149	1,476,338	1,627,247	1,672,116	1,945,477	1,538,549	1,728,743
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	30,556	33,333	33,333
Trade Creditors	550,210	678,379	266,543	1,205,947	739,996	941,073	489,129	375,083	106,257	120,957
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	430,686	484,902	396,822	384,831
hp & lease commitments	0	0	0	0	0	0	86,580	283,369	209,288	289,490
other current liabilities	0	1,390,858	1,149,221	0	0	0	0	0	204,532	121,586
total current liabilities	2,188,062	2,069,237	1,415,764	1,205,947	739,996	941,073	1,006,395	1,173,910	950,232	950,197
loans	0	0	0	0	0	0	0	0	30,556	63,889
hp & lease commitments	0	0	0	0	0	0	92,573	179,153	409,633	577,221
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	770,954	752,240	688,849	210,745	279,937	276,853	434,189	0	0
provisions	0	80,215	85,185	84,213	64,043	40,257	16,138	0	0	0
total long term liabilities	892,109	851,169	837,425	773,062	274,788	320,194	385,564	613,342	440,189	641,110
total liabilities	3,080,171	2,920,406	2,253,189	1,979,009	1,014,784	1,261,267	1,391,959	1,787,252	1,390,421	1,591,307
net assets	340,008	415,321	536,028	532,140	461,554	365,980	280,157	158,225	148,128	137,436
total shareholders funds	340,008	415,321	536,028	532,140	461,554	365,980	280,157	158,225	148,128	137,436

	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-75,612	37,045	4,647	100,297	120,881	125,373	191,153	45,337	89,129	144,297
Depreciation	314,081	286,790	316,533	274,492	250,107	298,608	311,500	228,377	272,430	242,014
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	-7,059	-972	-20,146	-25,406	-25,635	-38,505	-3,548	0	0
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	-294,875	407,992	206,907	296,985	-37,305	30,707	-27,772	108,874	95,684	575,103
Creditors	-128,169	411,836	-939,404	465,951	-201,077	451,944	114,046	268,826	-14,700	120,957
Accruals and Deferred Income	-1,390,858	241,637	1,149,221	0	0	0	0	-204,532	82,946	121,586
Deferred Taxes & Provisions	-80,215	-4,970	972	20,170	23,786	24,119	16,138	0	0	0
Cash flow from operations	-1,065,898	557,287	324,090	543,779	205,596	843,702	622,104	225,586	334,121	53,751
Investing Activities
capital expenditure	-430,036	-369,931	-528,269	-875,340	-138,672	-214,483	-54,690	-537,655	-66,279	-1,303,677
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-430,036	-369,931	-528,269	-875,340	-138,672	-214,483	-54,690	-537,655	-66,279	-1,303,677
Financing Activities
Bank loans	0	0	0	0	0	0	-30,556	-2,777	0	33,333
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	-430,686	-54,216	88,080	11,991	384,831
Long term loans	0	0	0	0	0	0	0	-30,556	-33,333	63,889
Hire Purchase and Lease Commitments	0	0	0	0	0	-179,153	-283,369	-156,399	-247,790	866,711
other long term liabilities	-770,954	18,714	63,391	478,104	-69,192	3,084	-157,336	434,189	0	0
share issue	0	-150,800	0	-10,000	0	0	0	0	1	67,405
interest	299	107	213	436	99	-13,914	-30,717	-31,692	-78,438	-74,266
cash flow from financing	-770,655	-131,979	63,604	468,540	-69,093	-620,669	-556,194	300,845	-347,569	1,341,903
cash and cash equivalents
cash	-61,173	55,377	-140,575	136,978	-2,169	8,549	11,221	-11,224	-79,727	91,977
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-61,173	55,377	-140,575	136,978	-2,169	8,549	11,221	-11,224	-79,727	91,977

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DRIVE FORCE (UK) LTD group structure

Drive Force (Uk) Ltd has no subsidiary companies.

Ultimate parent company

DRIVE FORCE (UK) LTD

03861904

DRIVE FORCE (UK) LTD Shareholders

gary chapman	42.36%
executors of estate of wade clemesma	30.91%
john owen	26.72%

Drive Force (Uk) Ltd currently has 2 directors. The longest serving directors include Mr Gary Chapman (Jun 2003) and Mr John Owen (Sep 2005).

officer	country	age	start	end	role
Mr Gary Chapman	United Kingdom	64 years	Jun 2003	-	Director
Mr John Owen	England	60 years	Sep 2005	-	Director

P&L

October 2018

turnover

6.1m

operating profit

-75.6k

gross margin

19.6%

-3.09%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

October 2018

net assets

340k

-0.18%

total assets

3.4m

+0.03%

cash

9.2k

-0.87%

net assets

Total assets minus all liabilities

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company number

03861904

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

incorporation date

October 1999

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

graphtop limited (December 1999)

incorporated

address

c/o begbies traynor, 3rd floor c, lower castle street, bristol, BS1 3AG

last accounts submitted

October 2018

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 6 charges/mortgages relating to drive force (uk) ltd. Currently there are 1 open charges and 5 have been satisfied in the past.

drive force (uk) ltd Company Information

drive force (uk) ltd Estimated Valuation

drive force (uk) ltd Estimated Valuation

drive force (uk) ltd Estimated Valuation

Drive Force (uk) Ltd Overview

Drive Force (uk) Ltd Health Check

DRIVE FORCE (UK) LTD financials

drive force (uk) ltd Credit Report and Business Information

Drive Force (uk) Ltd Competitor Analysis

drive force (uk) ltd Ownership

drive force (uk) ltd directors

drive force (uk) ltd company details

drive force (uk) ltd Charges & Mortgages

drive force (uk) ltd Companies House Filings - See Documents