drive holdings 2015 limited
drive holdings 2015 limited Company Information
Company Number
09460449
Website
http://drivevauxhall.co.ukRegistered Address
freemens common road leicester, leicestershire, LE2 7SL
Industry
Sale of new cars and light motor vehicles
Wholesale trade of motor vehicle parts and accessories
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
r p manning discretionary settlement 2015 45%
s t bessex discretionary settlement 2015 45%
View Alldrive holdings 2015 limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVE HOLDINGS 2015 LIMITED at £125.4m based on a Turnover of £279.8m and 0.45x industry multiple (adjusted for size and gross margin).
drive holdings 2015 limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVE HOLDINGS 2015 LIMITED at £42.9m based on an EBITDA of £6.8m and a 6.33x industry multiple (adjusted for size and gross margin).
drive holdings 2015 limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVE HOLDINGS 2015 LIMITED at £51m based on Net Assets of £18.8m and 2.72x industry multiple (adjusted for liquidity).
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Drive Holdings 2015 Limited Overview
Drive Holdings 2015 Limited is a live company located in leicestershire, LE2 7SL with a Companies House number of 09460449. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in February 2015, it's largest shareholder is r p manning discretionary settlement 2015 with a 45% stake. Drive Holdings 2015 Limited is a young, mega sized company, Pomanda has estimated its turnover at £279.8m with low growth in recent years.
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Drive Holdings 2015 Limited Health Check
Pomanda's financial health check has awarded Drive Holdings 2015 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £279.8m, make it larger than the average company (£18.9m)
£279.8m - Drive Holdings 2015 Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.6%)
2% - Drive Holdings 2015 Limited
4.6% - Industry AVG
Production
with a gross margin of 16.1%, this company has a higher cost of product (21.1%)
16.1% - Drive Holdings 2015 Limited
21.1% - Industry AVG
Profitability
an operating margin of 1.8% make it less profitable than the average company (4.3%)
1.8% - Drive Holdings 2015 Limited
4.3% - Industry AVG
Employees
with 741 employees, this is above the industry average (40)
741 - Drive Holdings 2015 Limited
40 - Industry AVG
Pay Structure
on an average salary of £35.1k, the company has an equivalent pay structure (£32.6k)
£35.1k - Drive Holdings 2015 Limited
£32.6k - Industry AVG
Efficiency
resulting in sales per employee of £377.6k, this is equally as efficient (£364.2k)
£377.6k - Drive Holdings 2015 Limited
£364.2k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (27 days)
7 days - Drive Holdings 2015 Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 76 days, this is slower than average (31 days)
76 days - Drive Holdings 2015 Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 75 days, this is more than average (62 days)
75 days - Drive Holdings 2015 Limited
62 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (8 weeks)
5 weeks - Drive Holdings 2015 Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78%, this is a higher level of debt than the average (63.3%)
78% - Drive Holdings 2015 Limited
63.3% - Industry AVG
DRIVE HOLDINGS 2015 LIMITED financials
Drive Holdings 2015 Limited's latest turnover from December 2022 is £279.8 million and the company has net assets of £18.8 million. According to their latest financial statements, Drive Holdings 2015 Limited has 741 employees and maintains cash reserves of £6.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 279,777,000 | 273,304,000 | 226,171,000 | 262,725,000 | 219,144,000 | 214,725,000 | 222,062,000 | 158,794,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 234,710,000 | 228,501,000 | 184,184,000 | 213,363,000 | 178,385,000 | 176,698,000 | 185,838,000 | 132,872,000 |
| Gross Profit | 45,067,000 | 44,803,000 | 41,987,000 | 49,362,000 | 40,759,000 | 38,027,000 | 36,224,000 | 25,922,000 |
| Admin Expenses | 40,068,000 | 39,316,000 | 39,327,000 | 46,125,000 | 37,693,000 | 30,054,000 | 32,419,000 | 23,959,000 |
| Operating Profit | 4,999,000 | 5,487,000 | 2,660,000 | 3,237,000 | 3,066,000 | 7,973,000 | 3,805,000 | 1,963,000 |
| Interest Payable | 1,317,000 | 886,000 | 1,261,000 | 1,313,000 | 1,401,000 | 1,273,000 | 1,458,000 | 1,261,000 |
| Interest Receivable | 0 | 0 | 136,000 | 89,000 | 42,000 | 0 | 0 | 0 |
| Pre-Tax Profit | 3,682,000 | 4,601,000 | 1,535,000 | 2,013,000 | 1,708,000 | 6,701,000 | 2,347,000 | 702,000 |
| Tax | 161,000 | -1,633,000 | -355,000 | -399,000 | -354,000 | -1,413,000 | -495,000 | -224,000 |
| Profit After Tax | 3,843,000 | 2,968,000 | 1,180,000 | 1,614,000 | 1,354,000 | 5,288,000 | 1,852,000 | 478,000 |
| Dividends Paid | 0 | 1,175,000 | 500,000 | 734,000 | 332,000 | 0 | 30,000 | 0 |
| Retained Profit | 3,843,000 | 1,793,000 | 680,000 | 880,000 | 1,019,000 | 5,225,000 | 1,790,000 | 454,000 |
| Employee Costs | 25,982,000 | 25,089,000 | 26,611,000 | 30,324,000 | 25,451,000 | 23,360,000 | 21,270,000 | 16,272,000 |
| Number Of Employees | 741 | 740 | 832 | 993 | 895 | 851 | 795 | 712 |
| EBITDA* | 6,770,000 | 7,502,000 | 4,956,000 | 5,237,000 | 4,894,000 | 9,840,000 | 5,639,000 | 2,802,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 18,094,000 | 29,523,000 | 31,284,000 | 31,708,000 | 31,664,000 | 26,369,000 | 29,943,000 | 30,211,000 |
| Intangible Assets | 1,646,000 | 2,307,000 | 2,968,000 | 4,067,000 | 4,778,000 | 5,014,000 | 5,713,000 | 6,263,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 2,875,000 | 0 | 0 |
| Total Fixed Assets | 19,740,000 | 31,830,000 | 34,252,000 | 35,775,000 | 36,442,000 | 34,258,000 | 35,656,000 | 36,474,000 |
| Stock & work in progress | 48,501,000 | 39,909,000 | 47,715,000 | 60,049,000 | 44,744,000 | 32,833,000 | 29,002,000 | 24,228,000 |
| Trade Debtors | 5,844,000 | 4,238,000 | 4,267,000 | 5,903,000 | 9,901,000 | 9,502,000 | 4,724,000 | 6,087,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,239,000 | 4,224,000 | 3,923,000 | 9,412,000 | 5,992,000 | 5,376,000 | 4,059,000 | 4,002,000 |
| Cash | 6,809,000 | 1,444,000 | 4,708,000 | 93,000 | 12,000 | 12,000 | 11,000 | 11,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 65,393,000 | 49,815,000 | 60,613,000 | 75,457,000 | 60,649,000 | 47,723,000 | 37,796,000 | 34,328,000 |
| total assets | 85,133,000 | 81,645,000 | 94,865,000 | 111,232,000 | 97,091,000 | 81,981,000 | 73,452,000 | 70,802,000 |
| Bank overdraft | 4,093,000 | 4,932,000 | 1,857,000 | 3,770,000 | 8,483,000 | 4,015,000 | 2,597,000 | 2,019,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 49,441,000 | 38,850,000 | 53,494,000 | 68,175,000 | 46,744,000 | 34,302,000 | 30,507,000 | 25,221,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 472,000 | 200,000 | 200,000 | 200,000 | 2,500,000 | 2,500,000 | 2,550,000 | 2,500,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 8,486,000 | 7,859,000 | 7,694,000 | 6,431,000 | 9,096,000 | 7,811,000 | 6,746,000 | 6,472,000 |
| total current liabilities | 62,492,000 | 51,841,000 | 63,245,000 | 78,576,000 | 66,823,000 | 48,628,000 | 42,400,000 | 36,212,000 |
| loans | 1,689,000 | 8,629,000 | 12,588,000 | 14,380,000 | 14,906,000 | 19,788,000 | 23,651,000 | 28,913,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 120,000 | 2,649,000 | 2,428,000 | 2,182,000 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 2,082,000 | 3,619,000 | 3,219,000 | 3,389,000 | 3,376,000 | 3,277,000 | 2,370,000 | 2,610,000 |
| total long term liabilities | 3,891,000 | 14,897,000 | 18,235,000 | 19,951,000 | 18,282,000 | 23,065,000 | 26,021,000 | 31,523,000 |
| total liabilities | 66,383,000 | 66,738,000 | 81,480,000 | 98,527,000 | 85,105,000 | 71,693,000 | 68,421,000 | 67,735,000 |
| net assets | 18,750,000 | 14,907,000 | 13,385,000 | 12,705,000 | 11,986,000 | 10,089,000 | 4,864,000 | 3,043,000 |
| total shareholders funds | 18,750,000 | 14,907,000 | 13,385,000 | 12,705,000 | 11,986,000 | 10,089,000 | 4,864,000 | 3,043,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 4,999,000 | 5,487,000 | 2,660,000 | 3,237,000 | 3,066,000 | 7,973,000 | 3,805,000 | 1,963,000 |
| Depreciation | 1,110,000 | 1,354,000 | 1,198,000 | 1,289,000 | 1,092,000 | 1,162,000 | 1,143,000 | 839,000 |
| Amortisation | 661,000 | 661,000 | 1,098,000 | 711,000 | 736,000 | 705,000 | 691,000 | 0 |
| Tax | 161,000 | -1,633,000 | -355,000 | -399,000 | -354,000 | -1,413,000 | -495,000 | -224,000 |
| Stock | 8,592,000 | -7,806,000 | -12,334,000 | 15,305,000 | 11,911,000 | 3,831,000 | 4,774,000 | 24,228,000 |
| Debtors | 1,621,000 | 272,000 | -7,125,000 | -578,000 | -1,860,000 | 8,970,000 | -1,306,000 | 10,089,000 |
| Creditors | 10,591,000 | -14,644,000 | -14,681,000 | 21,431,000 | 12,442,000 | 3,795,000 | 5,286,000 | 25,221,000 |
| Accruals and Deferred Income | -1,902,000 | 386,000 | 1,509,000 | -483,000 | 1,285,000 | 1,065,000 | 274,000 | 6,472,000 |
| Deferred Taxes & Provisions | -1,537,000 | 400,000 | -170,000 | 13,000 | 99,000 | 907,000 | -240,000 | 2,610,000 |
| Cash flow from operations | 3,870,000 | -455,000 | 10,718,000 | 11,072,000 | 8,315,000 | 1,393,000 | 6,996,000 | 2,564,000 |
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -6,614,000 | 4,450,000 | -907,000 | -25,781,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -6,614,000 | 4,450,000 | -907,000 | -25,781,000 |
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 272,000 | 0 | 0 | -2,300,000 | 0 | -50,000 | 50,000 | 2,500,000 |
| Long term loans | -6,940,000 | -3,959,000 | -1,792,000 | -526,000 | -4,882,000 | -3,863,000 | -5,262,000 | 28,913,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -1,317,000 | -886,000 | -1,125,000 | -1,224,000 | -1,359,000 | -1,273,000 | -1,458,000 | -1,261,000 |
| cash flow from financing | -7,985,000 | -5,116,000 | -2,917,000 | -4,211,000 | -5,363,000 | -5,186,000 | -6,639,000 | 32,741,000 |
| cash and cash equivalents | ||||||||
| cash | 5,365,000 | -3,264,000 | 4,615,000 | 81,000 | 0 | 1,000 | 0 | 11,000 |
| overdraft | -839,000 | 3,075,000 | -1,913,000 | -4,713,000 | 4,468,000 | 1,418,000 | 578,000 | 2,019,000 |
| change in cash | 6,204,000 | -6,339,000 | 6,528,000 | 4,794,000 | -4,468,000 | -1,417,000 | -578,000 | -2,008,000 |
drive holdings 2015 limited Credit Report and Business Information
Drive Holdings 2015 Limited Competitor Analysis
Perform a competitor analysis for drive holdings 2015 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
drive holdings 2015 limited Ownership
DRIVE HOLDINGS 2015 LIMITED group structure
Drive Holdings 2015 Limited has 1 subsidiary company.
Ultimate parent company
DRIVE HOLDINGS 2015 LIMITED
09460449
1 subsidiary
drive holdings 2015 limited directors
Drive Holdings 2015 Limited currently has 3 directors. The longest serving directors include Mr Richard Manning (Feb 2015) and Mr Richard Manning (Feb 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Manning | 69 years | Feb 2015 | - | Director | |
| Mr Richard Manning | United Kingdom | 69 years | Feb 2015 | - | Director |
| Mr Stephen Bessex | England | 67 years | Feb 2015 | - | Director |
P&L
December 2022turnover
279.8m
+2%
operating profit
5m
-9%
gross margin
16.2%
-1.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
18.8m
+0.26%
total assets
85.1m
+0.04%
cash
6.8m
+3.72%
net assets
Total assets minus all liabilities
Similar Companies
drive holdings 2015 limited company details
company number
09460449
Type
Private limited with Share Capital
industry
45111 - Sale of new cars and light motor vehicles
45310 - Wholesale trade of motor vehicle parts and accessories
45112 - Sale of used cars and light motor vehicles
incorporation date
February 2015
age
9
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
freemens common road leicester, leicestershire, LE2 7SL
last accounts submitted
December 2022
drive holdings 2015 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 did not find charges/mortgages relating to drive holdings 2015 limited.
drive holdings 2015 limited Companies House Filings - See Documents
| date | description | view/download |
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