Drivesure Limited

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drivesure limited Company Information

Live

EstablishedSmallDeclining

Company Number

08264879

Website

www.drivesure.net.nz

Registered Address

94 hinton wood avenue, highcliffe, christchurch, dorset, BH23 5AL

Industry

Sale of used cars and light motor vehicles

Telephone

0800220240

Next Accounts Due

July 2025

Group Structure

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Directors

Kristian Robinson3 Years

Melanie Robinson1 Years

Shareholders

kristian robinson 50%

melanie robinson 50%

drivesure limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of DRIVESURE LIMITED at £1.9m based on Net Assets of £696.5k and 2.67x industry multiple (adjusted for liquidity).

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Drivesure Limited is a live company located in christchurch, BH23 5AL with a Companies House number of 08264879. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in October 2012, it's largest shareholder is kristian robinson with a 50% stake. Drivesure Limited is a established, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Drivesure Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£3.2m)

Growth

3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (8.6%)

EXPORT

Drivesure Limited's latest turnover from October 2023 is estimated at £1.1 million and the company has net assets of £696.5 thousand. According to their latest financial statements, Drivesure Limited has 2 employees and maintains cash reserves of £467.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013
Turnover	1,091,768	1,123,056	2,664,083	2,449,703	4,945,147	4,310,613	4,512,723	4,471,846	4,768,345	3,705,588	1,684,327
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	973,250	991,330	2,377,120	2,145,715	4,373,476	3,800,666	3,991,260	3,923,818	4,151,838	3,251,675	1,485,350
Gross Profit	118,518	131,725	286,963	303,988	571,671	509,947	521,463	548,028	616,507	453,912	198,977
Admin Expenses	-112,079	-190,927	284,931	259,114	556,052	482,911	492,583	531,848	569,285	403,485	137,023
Operating Profit	230,597	322,652	2,032	44,874	15,619	27,036	28,880	16,180	47,222	50,427	61,954
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	26,678	9,530	173	50	28	25	1	2	5	40	38
Pre-Tax Profit	257,275	332,181	2,205	44,923	15,647	27,060	28,881	16,183	47,228	50,467	61,992
Tax	-64,319	-63,114	-419	-8,535	-2,973	-5,141	-5,487	-3,236	-9,445	-10,598	-14,258
Profit After Tax	192,956	269,067	1,786	36,388	12,674	21,919	23,394	12,946	37,782	39,869	47,734
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	192,956	269,067	1,786	36,388	12,674	21,919	23,394	12,946	37,782	39,869	47,734
Employee Costs	63,332	62,393	59,884	28,929	343,623	282,662	281,562	276,494	289,078	228,124	126,878
Number Of Employees	2	2	2	1	12	10	10	10	11	9	5
EBITDA*	234,128	326,182	5,065	45,327	15,619	27,036	28,880	16,180	47,222	50,427	61,954

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013
Tangible Assets	7,106	10,637	12,131	1,814	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	7,106	10,637	12,131	1,814	0	0	0	0	0	0	0
Stock & work in progress	245,864	145,691	155,950	0	0	0	0	0	0	0	0
Trade Debtors	30,250	57,491	249,755	155,738	243,306	200,426	182,915	162,281	149,715	119,805	52,278
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	360,787	281,868	14,219	0	0	0	0	0	0	0	0
Cash	467,313	599,801	247,288	98,144	1,403	5,930	608	473	1,401	786	15,374
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,104,214	1,084,851	667,212	253,882	244,709	206,356	183,523	162,754	151,116	120,591	67,652
total assets	1,111,320	1,095,488	679,343	255,696	244,709	206,356	183,523	162,754	151,116	120,591	67,652
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	59,858	36,274	31,310	22,989	48,390	22,711	21,797	24,422	25,730	32,987	19,917
Group/Directors Accounts	272,874	465,935	356,771	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	82,063	89,710	56,760	0	0	0	0	0	0	0	0
total current liabilities	414,795	591,919	444,841	22,989	48,390	22,711	21,797	24,422	25,730	32,987	19,917
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0
total liabilities	414,795	591,919	444,841	22,989	48,390	22,711	21,797	24,422	25,730	32,987	19,917
net assets	696,525	503,569	234,502	232,707	196,319	183,645	161,726	138,332	125,386	87,604	47,735
total shareholders funds	696,525	503,569	234,502	232,707	196,319	183,645	161,726	138,332	125,386	87,604	47,735

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013
Operating Activities
Operating Profit	230,597	322,652	2,032	44,874	15,619	27,036	28,880	16,180	47,222	50,427	61,954
Depreciation	3,531	3,530	3,033	453	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-64,319	-63,114	-419	-8,535	-2,973	-5,141	-5,487	-3,236	-9,445	-10,598	-14,258
Stock	100,173	-10,259	155,950	0	0	0	0	0	0	0	0
Debtors	51,678	75,385	108,236	-87,568	42,880	17,511	20,634	12,566	29,910	67,527	52,278
Creditors	23,584	4,964	8,321	-25,401	25,679	914	-2,625	-1,308	-7,257	13,070	19,917
Accruals and Deferred Income	-7,647	32,950	56,760	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	33,895	235,856	-194,459	98,959	-4,555	5,298	134	-930	610	-14,628	15,335
Investing Activities
capital expenditure	0	-2,036	-13,350	-2,267	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-2,036	-13,350	-2,267	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-193,061	109,164	356,771	0	0	0	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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
share issue	0	0	9	0	0	0	0	0	0	0	1
interest	26,678	9,530	173	50	28	25	1	2	5	40	38
cash flow from financing	-166,383	118,694	356,953	50	28	25	1	2	5	40	39
cash and cash equivalents
cash	-132,488	352,513	149,144	96,741	-4,527	5,322	135	-928	615	-14,588	15,374
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	-132,488	352,513	149,144	96,741	-4,527	5,322	135	-928	615	-14,588	15,374

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DRIVESURE LIMITED group structure

Drivesure Limited has no subsidiary companies.

Ultimate parent company

DRIVESURE LIMITED

08264879

DRIVESURE LIMITED Shareholders

kristian robinson	50%
melanie robinson	50%

Drivesure Limited currently has 2 directors. The longest serving directors include Mr Kristian Robinson (Aug 2020) and Mrs Melanie Robinson (Mar 2023).

officer	country	age	start	end	role
Mr Kristian Robinson	England	48 years	Aug 2020	-	Director
Mrs Melanie Robinson	United Kingdom	45 years	Mar 2023	-	Director

P&L

October 2023

turnover

1.1m

-3%

operating profit

230.6k

gross margin

10.9%

-7.45%

turnover

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

Balance Sheet

October 2023

net assets

696.5k

+0.38%

total assets

1.1m

+0.01%

cash

467.3k

-0.22%

net assets

Total assets minus all liabilities

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company number

08264879

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

October 2012

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

94 hinton wood avenue, highcliffe, christchurch, dorset, BH23 5AL

last accounts submitted

October 2023

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 did not find charges/mortgages relating to drivesure limited.

drivesure limited Company Information

drivesure limited Estimated Valuation

drivesure limited Estimated Valuation

drivesure limited Estimated Valuation

Drivesure Limited Overview

Drivesure Limited Health Check

DRIVESURE LIMITED financials

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drivesure limited Companies House Filings - See Documents