driveover ltd
driveover ltd Company Information
Company Number
03945248
Website
www.streben.comRegistered Address
c/p dpc stone house, 55 stone road business park, stoke on trent, staffordshire, ST4 6SR
Industry
Sale of new cars and light motor vehicles
Telephone
01785814723
Next Accounts Due
48 days late
Group Structure
View All
Shareholders
karen elizabeth spragg 50%
christopher william spragg 50%
driveover ltd Estimated Valuation
Pomanda estimates the enterprise value of DRIVEOVER LTD at £254.7k based on a Turnover of £1m and 0.24x industry multiple (adjusted for size and gross margin).
driveover ltd Estimated Valuation
Pomanda estimates the enterprise value of DRIVEOVER LTD at £152.2k based on an EBITDA of £43.9k and a 3.47x industry multiple (adjusted for size and gross margin).
driveover ltd Estimated Valuation
Pomanda estimates the enterprise value of DRIVEOVER LTD at £1.9m based on Net Assets of £674.5k and 2.89x industry multiple (adjusted for liquidity).
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Driveover Ltd Overview
Driveover Ltd is a live company located in stoke on trent, ST4 6SR with a Companies House number of 03945248. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in March 2000, it's largest shareholder is karen elizabeth spragg with a 50% stake. Driveover Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1m with declining growth in recent years.
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Driveover Ltd Health Check
Pomanda's financial health check has awarded Driveover Ltd a 4.5 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
3 Regular
5 Weak
Size
annual sales of £1m, make it smaller than the average company (£46.7m)
- Driveover Ltd
£46.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (1.7%)
- Driveover Ltd
1.7% - Industry AVG
Production
with a gross margin of 10.4%, this company has a comparable cost of product (10.4%)
- Driveover Ltd
10.4% - Industry AVG
Profitability
an operating margin of 4.1% make it more profitable than the average company (2.7%)
- Driveover Ltd
2.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (82)
2 - Driveover Ltd
82 - Industry AVG
Pay Structure
on an average salary of £35.6k, the company has an equivalent pay structure (£35.6k)
- Driveover Ltd
£35.6k - Industry AVG
Efficiency
resulting in sales per employee of £523.1k, this is equally as efficient (£565.1k)
- Driveover Ltd
£565.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Driveover Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (26 days)
- Driveover Ltd
26 days - Industry AVG
Stock Days
it holds stock equivalent to 85 days, this is more than average (50 days)
- Driveover Ltd
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is more cash available to meet short term requirements (6 weeks)
31 weeks - Driveover Ltd
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.6%, this is a lower level of debt than the average (67.9%)
15.6% - Driveover Ltd
67.9% - Industry AVG
DRIVEOVER LTD financials
Driveover Ltd's latest turnover from July 2022 is estimated at £1 million and the company has net assets of £674.5 thousand. According to their latest financial statements, Driveover Ltd has 2 employees and maintains cash reserves of £74.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 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 | 2 | 2 | 2 | 5 | 6 | 6 | 7 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,327 | 3,914 | 417,041 | 424,278 | 431,700 | 439,140 | 447,000 | 454,454 | 455,561 | 418,900 | 7,166 | 8,432 | 11,560 | 10,519 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 500,000 | 500,000 | 0 | 0 | 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 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 503,327 | 503,914 | 417,041 | 424,278 | 431,700 | 439,140 | 447,000 | 454,454 | 455,561 | 418,900 | 7,166 | 8,432 | 11,560 | 10,519 |
| Stock & work in progress | 219,732 | 141,256 | 173,556 | 466,049 | 866,911 | 954,311 | 971,791 | 822,087 | 899,418 | 789,704 | 900,368 | 830,426 | 618,110 | 478,511 |
| Trade Debtors | 0 | 0 | 31,280 | 4,260 | 115,290 | 102,982 | 43,621 | 77,619 | 117,729 | 37,569 | 77,414 | 126,649 | 45,916 | 36,703 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,459 | 12,232 | 15,933 | 8,164 | 0 | 59,176 | 58,755 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 74,577 | 44,885 | 78,098 | 66,634 | 252 | 25 | 6,312 | 197,443 | 43,123 | 98,911 | 755 | 255 | 255 | 2,010 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 295,768 | 198,373 | 298,867 | 545,107 | 1,025,899 | 1,116,494 | 1,080,479 | 1,097,149 | 1,060,270 | 926,184 | 978,537 | 957,330 | 664,281 | 517,224 |
| total assets | 799,095 | 702,287 | 715,908 | 969,385 | 1,457,599 | 1,555,634 | 1,527,479 | 1,551,603 | 1,515,831 | 1,345,084 | 985,703 | 965,762 | 675,841 | 527,743 |
| Bank overdraft | 0 | 0 | 0 | 25,762 | 215,416 | 332,273 | 82,842 | 23,091 | 23,091 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 26,515 | 10,101 | 15,907 | 22,823 | 38,974 | 48,804 | 162,686 | 478,837 | 655,481 | 683,403 | 592,279 | 543,126 | 297,774 | 306,664 |
| Group/Directors Accounts | 0 | 0 | 0 | 131,623 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 278,578 | 0 | 0 | 129,403 | 64,657 | 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 | 97,250 | 52,489 | 149,368 | 136,047 | 0 | 374,623 | 483,900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 123,765 | 62,590 | 165,275 | 316,255 | 704,168 | 755,700 | 729,428 | 631,331 | 743,229 | 683,403 | 592,279 | 543,126 | 297,774 | 306,664 |
| loans | 0 | 0 | 0 | 0 | 0 | 64,405 | 103,047 | 148,169 | 171,261 | 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 | 203,973 | 0 | 130,000 | 150,000 | 150,000 |
| provisions | 832 | 861 | 3,212 | 3,461 | 0 | 4,031 | 4,725 | 5,022 | 7,081 | 4,198 | 1,433 | 1,686 | 1,905 | 1,913 |
| total long term liabilities | 832 | 861 | 3,212 | 3,461 | 29,506 | 68,436 | 107,772 | 153,191 | 178,342 | 208,171 | 1,433 | 131,686 | 151,905 | 151,913 |
| total liabilities | 124,597 | 63,451 | 168,487 | 319,716 | 733,674 | 824,136 | 837,200 | 784,522 | 921,571 | 891,574 | 593,712 | 674,812 | 449,679 | 458,577 |
| net assets | 674,498 | 638,836 | 547,421 | 649,669 | 723,925 | 731,498 | 690,279 | 767,081 | 594,260 | 453,510 | 391,991 | 290,950 | 226,162 | 69,166 |
| total shareholders funds | 674,498 | 638,836 | 547,421 | 649,669 | 723,925 | 731,498 | 690,279 | 767,081 | 594,260 | 453,510 | 391,991 | 290,950 | 226,162 | 69,166 |
| Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 587 | 690 | 7,237 | 7,422 | 7,640 | 7,860 | 8,155 | 8,378 | 10,243 | 7,425 | 1,266 | 3,523 | 5,275 | 4,457 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||||||||||
| Stock | 78,476 | -32,300 | -292,493 | -400,862 | -87,400 | -17,480 | 149,704 | -77,331 | 109,714 | -110,664 | 69,942 | 212,316 | 139,599 | 478,511 |
| Debtors | -10,773 | -34,981 | 34,789 | -102,866 | -46,868 | 59,782 | 24,757 | -40,110 | 80,160 | -39,845 | -49,235 | 80,733 | 9,213 | 36,703 |
| Creditors | 16,414 | -5,806 | -6,916 | -16,151 | -9,830 | -113,882 | -316,151 | -176,644 | -27,922 | 91,124 | 49,153 | 245,352 | -8,890 | 306,664 |
| Accruals and Deferred Income | 44,761 | -96,879 | 13,321 | 136,047 | -374,623 | -109,277 | 483,900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -29 | -2,351 | -249 | 3,461 | -4,031 | -694 | -297 | -2,059 | 2,883 | 2,765 | -253 | -219 | -8 | 1,913 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| Group/Directors Accounts | 0 | 0 | -131,623 | 131,623 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -278,578 | 278,578 | 0 | -129,403 | 64,746 | 64,657 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -64,405 | -38,642 | -45,122 | -23,092 | 171,261 | 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 | -203,973 | 203,973 | -130,000 | -20,000 | 0 | 150,000 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 29,692 | -33,213 | 11,464 | 66,382 | 227 | -6,287 | -191,131 | 154,320 | -55,788 | 98,156 | 500 | 0 | -1,755 | 2,010 |
| overdraft | 0 | 0 | -25,762 | -189,654 | -116,857 | 249,431 | 59,751 | 0 | 23,091 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 29,692 | -33,213 | 37,226 | 256,036 | 117,084 | -255,718 | -250,882 | 154,320 | -78,879 | 98,156 | 500 | 0 | -1,755 | 2,010 |
driveover ltd Credit Report and Business Information
Driveover Ltd Competitor Analysis
Perform a competitor analysis for driveover ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
driveover ltd Ownership
DRIVEOVER LTD group structure
Driveover Ltd has no subsidiary companies.
Ultimate parent company
DRIVEOVER LTD
03945248
driveover ltd directors
Driveover Ltd currently has 2 directors. The longest serving directors include Ms Karen Spragg (Mar 2000) and Mr Christopher Spragg (Mar 2000).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Karen Spragg | England | 62 years | Mar 2000 | - | Director |
| Mr Christopher Spragg | England | 60 years | Mar 2000 | - | Director |
P&L
July 2022turnover
1m
+70%
operating profit
43.3k
0%
gross margin
10.5%
+11.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2022net assets
674.5k
+0.06%
total assets
799.1k
+0.14%
cash
74.6k
+0.66%
net assets
Total assets minus all liabilities
driveover ltd company details
company number
03945248
Type
Private limited with Share Capital
industry
45111 - Sale of new cars and light motor vehicles
incorporation date
March 2000
age
24
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
c/p dpc stone house, 55 stone road business park, stoke on trent, staffordshire, ST4 6SR
last accounts submitted
July 2022
driveover ltd 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 driveover ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
driveover ltd Companies House Filings - See Documents
| date | description | view/download |
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