drvn west midlands limited
drvn west midlands limited Company Information
Company Number
13452103
Next Accounts
Apr 2025
Industry
Other personal service activities n.e.c.
Shareholders
drvn automotive ltd
jevon thurston-thorpe
Group Structure
View All
Contact
Registered Address
13-13a westwood way, westwood business park, coventry, CV4 8HS
Website
-drvn west midlands limited Estimated Valuation
Pomanda estimates the enterprise value of DRVN WEST MIDLANDS LIMITED at £2.4m based on a Turnover of £3.4m and 0.71x industry multiple (adjusted for size and gross margin).
drvn west midlands limited Estimated Valuation
Pomanda estimates the enterprise value of DRVN WEST MIDLANDS LIMITED at £0 based on an EBITDA of £-189.1k and a 4.25x industry multiple (adjusted for size and gross margin).
drvn west midlands limited Estimated Valuation
Pomanda estimates the enterprise value of DRVN WEST MIDLANDS LIMITED at £16.5m based on Net Assets of £8.4m and 1.97x industry multiple (adjusted for liquidity).
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Drvn West Midlands Limited Overview
Drvn West Midlands Limited is a live company located in coventry, CV4 8HS with a Companies House number of 13452103. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in June 2021, it's largest shareholder is drvn automotive ltd with a 87.5% stake. Drvn West Midlands Limited is a startup, small sized company, Pomanda has estimated its turnover at £3.4m with unknown growth in recent years.
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Drvn West Midlands Limited Health Check
Pomanda's financial health check has awarded Drvn West Midlands Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £3.4m, make it larger than the average company (£854.5k)
£3.4m - Drvn West Midlands Limited
£854.5k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Drvn West Midlands Limited
- - Industry AVG
Production
with a gross margin of 38.3%, this company has a comparable cost of product (41.1%)
38.3% - Drvn West Midlands Limited
41.1% - Industry AVG
Profitability
an operating margin of -13.2% make it less profitable than the average company (6.4%)
-13.2% - Drvn West Midlands Limited
6.4% - Industry AVG
Employees
with 15 employees, this is similar to the industry average (14)
15 - Drvn West Midlands Limited
14 - Industry AVG
Pay Structure
on an average salary of £29.8k, the company has an equivalent pay structure (£29.8k)
- Drvn West Midlands Limited
£29.8k - Industry AVG
Efficiency
resulting in sales per employee of £226.9k, this is more efficient (£83.8k)
£226.9k - Drvn West Midlands Limited
£83.8k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (29 days)
12 days - Drvn West Midlands Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 136 days, this is slower than average (39 days)
136 days - Drvn West Midlands Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 259 days, this is more than average (35 days)
259 days - Drvn West Midlands Limited
35 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (47 weeks)
0 weeks - Drvn West Midlands Limited
47 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.2%, this is a lower level of debt than the average (44.6%)
18.2% - Drvn West Midlands Limited
44.6% - Industry AVG
DRVN WEST MIDLANDS LIMITED financials
Drvn West Midlands Limited's latest turnover from July 2023 is £3.4 million and the company has net assets of £8.4 million. According to their latest financial statements, Drvn West Midlands Limited has 15 employees and maintains cash reserves of £19.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | |
|---|---|---|
| Turnover | 3,403,201 | 659,535 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 2,099,463 | 1,303,390 |
| Gross Profit | 1,303,738 | -643,855 |
| Admin Expenses | 1,754,112 | 940,392 |
| Operating Profit | -450,374 | -1,584,247 |
| Interest Payable | 5,876 | 0 |
| Interest Receivable | 0 | 0 |
| Pre-Tax Profit | -456,250 | -1,584,247 |
| Tax | 0 | 20,000 |
| Profit After Tax | -456,250 | -1,564,247 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -456,250 | -1,564,247 |
| Employee Costs | ||
| Number Of Employees | 15 | 6 |
| EBITDA* | -189,125 | -1,538,522 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | |
|---|---|---|
| Tangible Assets | 2,784,825 | 2,913,554 |
| Intangible Assets | 5,624,916 | 28,800 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 8,409,741 | 2,942,354 |
| Stock & work in progress | 1,493,181 | 485,400 |
| Trade Debtors | 116,531 | 490,024 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 196,416 | 6,332 |
| Cash | 19,521 | 44,492 |
| misc current assets | 0 | 0 |
| total current assets | 1,825,649 | 1,026,248 |
| total assets | 10,235,390 | 3,968,602 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 782,931 | 2,717,399 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 1,082,389 | 234,975 |
| total current liabilities | 1,865,320 | 2,952,374 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 0 | 0 |
| total liabilities | 1,865,320 | 2,952,374 |
| net assets | 8,370,070 | 1,016,228 |
| total shareholders funds | 8,370,070 | 1,016,228 |
| Jul 2023 | Jul 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -450,374 | -1,584,247 |
| Depreciation | 258,049 | 45,725 |
| Amortisation | 3,200 | 0 |
| Tax | 0 | 20,000 |
| Stock | 1,007,781 | 485,400 |
| Debtors | -183,409 | 496,356 |
| Creditors | -1,934,468 | 2,717,399 |
| Accruals and Deferred Income | 847,414 | 234,975 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | -2,100,551 | 452,096 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -5,876 | 0 |
| cash flow from financing | 7,804,216 | 2,580,475 |
| cash and cash equivalents | ||
| cash | -24,971 | 44,492 |
| overdraft | 0 | 0 |
| change in cash | -24,971 | 44,492 |
drvn west midlands limited Credit Report and Business Information
Drvn West Midlands Limited Competitor Analysis
Perform a competitor analysis for drvn west midlands limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in CV4 area or any other competitors across 12 key performance metrics.
drvn west midlands limited Ownership
DRVN WEST MIDLANDS LIMITED group structure
Drvn West Midlands Limited has 3 subsidiary companies.
Ultimate parent company
DRVN WEST MIDLANDS LIMITED
13452103
3 subsidiaries
drvn west midlands limited directors
Drvn West Midlands Limited currently has 5 directors. The longest serving directors include Mr William McDermott Jnr (Jun 2021) and Mr Darren McDermott (Jun 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William McDermott Jnr | England | 47 years | Jun 2021 | - | Director |
| Mr Darren McDermott | England | 51 years | Jun 2021 | - | Director |
| Mr Iain Muir | Scotland | 45 years | Jun 2021 | - | Director |
| Mr Jevon Thurston-Thorpe | England | 65 years | Jun 2021 | - | Director |
| Mr Jason McDermott | Scotland | 50 years | Jun 2021 | - | Director |
P&L
July 2023turnover
3.4m
+416%
operating profit
-450.4k
-72%
gross margin
38.4%
-139.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
8.4m
+7.24%
total assets
10.2m
+1.58%
cash
19.5k
-0.56%
net assets
Total assets minus all liabilities
Similar Companies
drvn west midlands limited company details
company number
13452103
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
June 2021
age
3
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
July 2023
previous names
penso group holdings limited (February 2024)
accountant
IAN MACFARLANE LIMITED
auditor
-
address
13-13a westwood way, westwood business park, coventry, CV4 8HS
Bank
-
Legal Advisor
-
drvn west midlands 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 drvn west midlands limited.
drvn west midlands 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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drvn west midlands limited Companies House Filings - See Documents
| date | description | view/download |
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