driver bidco limited
driver bidco limited Company Information
Company Number
14426496
Next Accounts
Sep 2025
Shareholders
driver midco limited
Group Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
727 - 729 high road, london, N12 0BP
Website
-driver bidco limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVER BIDCO LIMITED at £87.2m based on a Turnover of £41m and 2.13x industry multiple (adjusted for size and gross margin).
driver bidco limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVER BIDCO LIMITED at £91.4m based on an EBITDA of £10.4m and a 8.83x industry multiple (adjusted for size and gross margin).
driver bidco limited Estimated Valuation
Pomanda estimates the enterprise value of DRIVER BIDCO LIMITED at £88.2m based on Net Assets of £65.8m and 1.34x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Driver Bidco Limited Overview
Driver Bidco Limited is a live company located in london, N12 0BP with a Companies House number of 14426496. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in October 2022, it's largest shareholder is driver midco limited with a 100% stake. Driver Bidco Limited is a startup, large sized company, Pomanda has estimated its turnover at £41m with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Driver Bidco Limited Health Check
Pomanda's financial health check has awarded Driver Bidco 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
2 Regular
3 Weak
Size
annual sales of £41m, make it larger than the average company (£18.9m)
£41m - Driver Bidco Limited
£18.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Driver Bidco Limited
- - Industry AVG
Production
with a gross margin of 32.3%, this company has a comparable cost of product (36.4%)
32.3% - Driver Bidco Limited
36.4% - Industry AVG
Profitability
an operating margin of -0.8% make it less profitable than the average company (4.5%)
-0.8% - Driver Bidco Limited
4.5% - Industry AVG
Employees
with 165 employees, this is above the industry average (104)
165 - Driver Bidco Limited
104 - Industry AVG
Pay Structure
on an average salary of £137k, the company has a higher pay structure (£44.7k)
£137k - Driver Bidco Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £248.6k, this is more efficient (£191.4k)
£248.6k - Driver Bidco Limited
£191.4k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is near the average (45 days)
41 days - Driver Bidco Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (44 days)
15 days - Driver Bidco Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Driver Bidco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (14 weeks)
29 weeks - Driver Bidco Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46%, this is a lower level of debt than the average (69.6%)
46% - Driver Bidco Limited
69.6% - Industry AVG
DRIVER BIDCO LIMITED financials
Driver Bidco Limited's latest turnover from December 2023 is £41 million and the company has net assets of £65.8 million. According to their latest financial statements, Driver Bidco Limited has 165 employees and maintains cash reserves of £15.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Turnover | 41,022,526 | 3,337,233 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 27,756,499 | 2,581,428 |
| Gross Profit | 13,266,027 | 755,805 |
| Admin Expenses | 13,599,256 | 907,409 |
| Operating Profit | -333,229 | -151,604 |
| Interest Payable | 1,825,527 | 0 |
| Interest Receivable | 10,764 | 298 |
| Pre-Tax Profit | -2,147,992 | -151,306 |
| Tax | -2,317,011 | 69,741 |
| Profit After Tax | -4,465,003 | -81,565 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -4,292,475 | -73,735 |
| Employee Costs | 22,603,917 | 1,683,832 |
| Number Of Employees | 165 | 113 |
| EBITDA* | 10,356,630 | 739,274 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Tangible Assets | 4,036 | 3,713 |
| Intangible Assets | 95,310,401 | 105,999,418 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 95,314,437 | 106,003,131 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 4,659,422 | 4,874,734 |
| Group Debtors | 0 | 4,849,216 |
| Misc Debtors | 6,294,192 | 3,569,261 |
| Cash | 15,649,999 | 13,115,244 |
| misc current assets | 0 | 0 |
| total current assets | 26,603,613 | 26,408,455 |
| total assets | 121,918,050 | 132,411,586 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 1,196,366 | 949,673 |
| Group/Directors Accounts | 17,229,742 | 50,882,819 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 8,981,534 | 10,047,639 |
| total current liabilities | 27,407,642 | 61,880,131 |
| loans | 28,716,382 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 28,716,382 | 0 |
| total liabilities | 56,124,024 | 61,880,131 |
| net assets | 65,794,026 | 69,596,847 |
| total shareholders funds | 65,794,026 | 69,596,847 |
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -333,229 | -151,604 |
| Depreciation | 842 | 127 |
| Amortisation | 10,689,017 | 890,751 |
| Tax | -2,317,011 | 69,741 |
| Stock | 0 | 0 |
| Debtors | -2,339,597 | 13,293,211 |
| Creditors | 246,693 | 949,673 |
| Accruals and Deferred Income | -1,066,105 | 10,047,639 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | 9,559,804 | -1,486,884 |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | 0 | 0 |
| cash flow from investments | 0 | 0 |
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | -33,653,077 | 50,882,819 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 28,716,382 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -1,814,763 | 298 |
| cash flow from financing | -6,261,804 | 120,553,699 |
| cash and cash equivalents | ||
| cash | 2,534,755 | 13,115,244 |
| overdraft | 0 | 0 |
| change in cash | 2,534,755 | 13,115,244 |
driver bidco limited Credit Report and Business Information
Driver Bidco Limited Competitor Analysis
Perform a competitor analysis for driver bidco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in N12 area or any other competitors across 12 key performance metrics.
driver bidco limited Ownership
DRIVER BIDCO LIMITED group structure
Driver Bidco Limited has 1 subsidiary company.
Ultimate parent company
DRIVER TOPCO SARL
#0147638
2 parents
DRIVER BIDCO LIMITED
14426496
1 subsidiary
driver bidco limited directors
Driver Bidco Limited currently has 4 directors. The longest serving directors include Ms Denise Todd (Nov 2022) and Mr Leigh Sandals (Nov 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Denise Todd | England | 49 years | Nov 2022 | - | Director |
| Mr Leigh Sandals | England | 48 years | Nov 2022 | - | Director |
| Mr Nickolas Rodriguez | England | 43 years | Nov 2022 | - | Director |
| Mr Didier Faure | United Kingdom | 58 years | Feb 2023 | - | Director |
P&L
December 2023turnover
41m
+1129%
operating profit
-333.2k
+120%
gross margin
32.4%
+42.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
65.8m
-0.05%
total assets
121.9m
-0.08%
cash
15.6m
+0.19%
net assets
Total assets minus all liabilities
Similar Companies
driver bidco limited company details
company number
14426496
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
October 2022
age
3
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
MOORE KINGSTON SMITH LLP
address
727 - 729 high road, london, N12 0BP
Bank
-
Legal Advisor
-
driver bidco 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 1 charges/mortgages relating to driver bidco limited. Currently there are 1 open charges and 0 have been satisfied in the past.
driver bidco 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.
Click to start generating capital raising & share issue transactions for DRIVER BIDCO LIMITED. This can take several minutes, an email will notify you when this has completed.
driver bidco limited Companies House Filings - See Documents
| date | description | view/download |
|---|
