driveright limited

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driveright limited Company Information

Share DRIVERIGHT LIMITED

Company Number

04647255

Directors

Richard Bailey

Edwin Dolan

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Shareholders

infopro digital (holdco) ltd

Group Structure

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Industry

Other publishing activities

 

Registered Address

c/o azets, ty derw, lime tree court, cardiff, CF23 8AB

driveright limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of DRIVERIGHT LIMITED at £1.2m based on a Turnover of £2.1m and 0.58x industry multiple (adjusted for size and gross margin).

driveright limited Estimated Valuation

£0

Pomanda estimates the enterprise value of DRIVERIGHT LIMITED at £0 based on an EBITDA of £-586.1k and a 3.18x industry multiple (adjusted for size and gross margin).

driveright limited Estimated Valuation

£0

Pomanda estimates the enterprise value of DRIVERIGHT LIMITED at £0 based on Net Assets of £-599.4k and 1.76x industry multiple (adjusted for liquidity).

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Driveright Limited Overview

Driveright Limited is a live company located in cardiff, CF23 8AB with a Companies House number of 04647255. It operates in the other publishing activities sector, SIC Code 58190. Founded in January 2003, it's largest shareholder is infopro digital (holdco) ltd with a 100% stake. Driveright Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with rapid growth in recent years.

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Driveright Limited Health Check

Pomanda's financial health check has awarded Driveright Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £2.1m, make it smaller than the average company (£3.7m)

£2.1m - Driveright Limited

£3.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (5.7%)

34% - Driveright Limited

5.7% - Industry AVG

production

Production

with a gross margin of 54.2%, this company has a comparable cost of product (54.2%)

54.2% - Driveright Limited

54.2% - Industry AVG

profitability

Profitability

an operating margin of -53.5% make it less profitable than the average company (6.8%)

-53.5% - Driveright Limited

6.8% - Industry AVG

employees

Employees

with 19 employees, this is below the industry average (38)

19 - Driveright Limited

38 - Industry AVG

paystructure

Pay Structure

on an average salary of £57.9k, the company has an equivalent pay structure (£57.9k)

£57.9k - Driveright Limited

£57.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £109.9k, this is less efficient (£135.3k)

£109.9k - Driveright Limited

£135.3k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Driveright Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 108 days, this is slower than average (43 days)

108 days - Driveright Limited

43 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Driveright Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (21 weeks)

0 weeks - Driveright Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 126.7%, this is a higher level of debt than the average (65%)

126.7% - Driveright Limited

65% - Industry AVG

DRIVERIGHT LIMITED financials

EXPORTms excel logo

Driveright Limited's latest turnover from December 2023 is estimated at £2.1 million and the company has net assets of -£599.4 thousand. According to their latest financial statements, Driveright Limited has 19 employees and maintains cash reserves of £90 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jan 2013Jan 2012Jan 2011Jan 2010
Turnover2,088,4231,009,7841,133,956873,770342,276163,675149,929184,435370,847176,654
Other Income Or Grants
Cost Of Sales956,639441,596472,189382,676149,87369,01360,66181,406163,42579,720
Gross Profit1,131,784568,189661,768491,095192,40394,66289,268103,029207,42196,935
Admin Expenses2,249,279487,664429,134545,78246,17347,170-138,529479,983206,84996,881
Operating Profit-1,117,49580,525232,634-54,687146,23047,492227,797-376,95457254
Interest Payable28,05931,68036,10245,50650,76047,26034,25612,665
Interest Receivable70359887312285786
Pre-Tax Profit-1,144,85149,443196,619-100,16295,472259193,599-389,53357354
Tax-9,394-37,358-18,140-49-36,784-114-11
Profit After Tax-1,144,85140,049159,261-100,16277,332210156,815-389,53345843
Dividends Paid
Retained Profit-1,144,85140,049159,261-100,16277,332210156,815-389,53345843
Employee Costs1,099,540868,923675,138490,894141,20645,44445,84890,136169,45083,801
Number Of Employees19161310311242
EBITDA*-586,148200,677320,71010,774169,63950,194230,412-374,40757254

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jan 2013Jan 2012Jan 2011Jan 2010
Tangible Assets8,83511,29610,1496,4454,1392,9785,6807,639
Intangible Assets1,270,3931,375,798983,098760,191206,754
Investments & Other406,894406,894406,894406,894406,894406,894406,894406,894399,430142,684
Debtors (Due After 1 year)
Total Fixed Assets1,686,1221,793,9881,400,1411,173,530617,787409,872412,574414,533399,430142,684
Stock & work in progress
Trade Debtors74,8962,13020,159
Group Debtors8,048433,5751,107,7291,184,7661,358,6781,550,5251,202,202646,843
Misc Debtors548,654508,683359,323201,26497,88432,03117,0268,263
Cash9026,6897,50262,07044916210,93534,5585
misc current assets
total current assets556,7921,043,8431,474,5541,448,1001,457,0111,582,7181,230,163689,6642,13520,159
total assets2,242,9142,837,8312,874,6952,621,6302,074,7981,992,5901,642,7371,104,197401,565162,843
Bank overdraft251,451247,379221,04258,52363,807124,088131,75236,919
Bank loan
Trade Creditors 285,61267,60244,51046,90555,39760,14764,06226,577370,12365,934
Group/Directors Accounts1,657,2681,155,0661,181,4021,260,115781,069760,802441,214456,238
other short term finances
hp & lease commitments
other current liabilities538,601531,793577,728143,24235,69154,95262,20619,710
total current liabilities2,732,9322,001,8402,024,6821,508,785935,964999,989699,234539,444370,12365,934
loans198,530677,169692,509623,608574,720352,785
hp & lease commitments
Accruals and Deferred Income
other liabilities30,93996,864
provisions109,360290,518146,05989,513
total long term liabilities109,360290,518344,589766,682692,509623,608574,720352,78530,93996,864
total liabilities2,842,2922,292,3582,369,2712,275,4671,628,4731,623,5971,273,954892,229401,062162,798
net assets-599,378545,473505,424346,163446,325368,993368,783211,96850345
total shareholders funds-599,378545,473505,424346,163446,325368,993368,783211,96850345
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jan 2013Jan 2012Jan 2011Jan 2010
Operating Activities
Operating Profit-1,117,49580,525232,634-54,687146,23047,492227,797-376,95457254
Depreciation4,5474,2072,9361,7603,4072,7022,6152,547
Amortisation526,800115,94585,14063,70120,002
Tax-9,394-37,358-18,140-49-36,784-114-11
Stock
Debtors-460,452-449,89881,022-70,532-125,994363,328564,122652,976-18,02920,159
Creditors218,01023,092-2,395-8,492-4,750-3,91537,485-343,546304,18965,934
Accruals and Deferred Income6,808-45,935434,486107,551-19,261-7,25442,49619,710
Deferred Taxes & Provisions-181,158144,45956,54689,513
Cash flow from operations-82,036762,797690,967269,878253,482-324,352-290,513-1,351,219322,67645,818
Investing Activities
capital expenditure-423,481-513,999-314,687-621,204-231,324-656-10,186
Change in Investments7,464256,746142,684
cash flow from investments-423,481-513,999-314,687-621,204-231,324-656-17,650-256,746-142,684
Financing Activities
Bank loans
Group/Directors Accounts502,202-26,336-78,713479,04620,267319,588-15,024456,238
Other Short Term Loans
Long term loans-198,530-478,639-15,34068,90148,888221,935352,785
Hire Purchase and Lease Commitments
other long term liabilities-30,939-65,92596,864
share issue600,9982
interest-27,356-31,082-36,015-45,475-50,758-47,232-34,199-12,579
cash flow from financing474,846-255,948-593,367418,23138,410321,244172,7121,366,503-65,92596,866
cash and cash equivalents
cash-26,59919,187-54,56861,621287-10,773-23,62334,5535
overdraft4,07226,337162,519-5,284-60,281-7,66494,83336,919
change in cash-30,671-7,150-217,08766,90560,568-3,109-118,456-2,3665

driveright limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Driveright Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for driveright limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in CF23 area or any other competitors across 12 key performance metrics.

driveright limited Ownership

DRIVERIGHT LIMITED group structure

Driveright Limited has 2 subsidiary companies.

Ultimate parent company

INFOPRO DIGITAL GROUP BV

#0051855

2 parents

DRIVERIGHT LIMITED

04647255

2 subsidiaries

DRIVERIGHT LIMITED Shareholders

infopro digital (holdco) ltd 100%

driveright limited directors

Driveright Limited currently has 4 directors. The longest serving directors include Mr Richard Bailey (Jan 2006) and Mr Edwin Dolan (Feb 2024).

officercountryagestartendrole
Mr Richard BaileyWales52 years Jan 2006- Director
Mr Edwin DolanUnited Kingdom43 years Feb 2024- Director
Mr Richard BarkerUnited Kingdom43 years Feb 2024- Director
Mr Christophe CzajkaUnited Kingdom60 years Feb 2024- Director

P&L

December 2023

turnover

2.1m

+107%

operating profit

-1.1m

0%

gross margin

54.2%

-3.69%

turnover

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

Balance Sheet

December 2023

net assets

-599.4k

-2.1%

total assets

2.2m

-0.21%

cash

90

-1%

net assets

Total assets minus all liabilities

driveright limited company details

company number

04647255

Type

Private limited with Share Capital

industry

58190 - Other publishing activities

incorporation date

January 2003

age

22

incorporated

UK

ultimate parent company

INFOPRO DIGITAL GROUP BV

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

c/o azets, ty derw, lime tree court, cardiff, CF23 8AB

Bank

-

Legal Advisor

-

driveright 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 driveright limited. Currently there are 0 open charges and 2 have been satisfied in the past.

driveright 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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driveright limited Companies House Filings - See Documents

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