Company Overview
Drive Solutions Limited is a Dissolved Private Limited Company.
Registered Address

Unit 1 Castle Mill Works, Birmingham New Road, Dudley, West Midlands, DY1 4DA
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Companies House Data
Company NameDRIVE SOLUTIONS LIMITED
Company Number04959253
Registered Office AddressUnit 1 Castle Mill Works
 Birmingham New Road
 DY1 4DA
Company CategoryPrivate Limited Company
Company StatusDissolved
Country of OriginUnited Kingdom
Incorporation Date11/11/2003
Accounting Reference Date Day6
Accounting Reference Date Month12
Accounts Next Due Date06/09/2020
Accounts Last Made Up Date06/12/2018
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date09/12/2016
Returns Last Made Up Date11/11/2015
Directors & Members
Show Resigned
Mark Brady - Director
(British, 56 years old, born May 1970)
Appointed 06 December 2018
 Active
Hamiltons Group Limited - Secretary
Appointed 06 December 2018
 Active
Secretaries
Show Resigned
Hamiltons Group Limited - Secretary
Appointed 06 December 2018
 Active
Other Company Directorships
Mark Brady
24/7 ENGINEERING SERVICES LIMITED
A.E.M.T.LIMITED
APEX TRANSMISSIONS LTD
DRIVE MANAGEMENT SERVICES LIMITED
FABFIT SERVICES LTD
HAYLEY 247 ENGINEERING SERVICES LIMITED
LAMOND & MURRAY LIMITED
R.M.B. (TEESSIDE) LIMITED
R.M.B. ENGINEERING SERVICES LIMITED
W M H TRANSMISSIONS LIMITED
Balance Sheet Unlock full report
Accounts Date 06-Dec-2018 06-Dec-2017 06-Dec-2016
Balance Sheet
Fixed Assets 76,837 72,857 61,282
Current Assets 411,751 330,715 285,033
Creditors Due Within One Year 357,636 308,283 295,943
Working Cap 54,115 22,432 -10,910
Total Assets Less Current Liabilities 130,952 95,289 50,372
Long-term Liabilities 9,076 40,971 35,719
Net Assets 121,876 54,318 14,653
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 121,876 54,318 14,653
Common Size Financial Analysis Unlock full report
Accounts Date 06-Dec-2018 06-Dec-2017 06-Dec-2016
Tangible Fixed Assets - - -
Fixed Assets 15.7% 18.1% 17.7%
Stocks Inventory - - -
Debtors 73.5% 63.8% 61.4%
Cash Bank In Hand 0.6% 2.0% 0.1%
Current Assets 84.3% 81.9% 82.3%
Creditors Due Within One Year 73.2% 76.4% 85.5%
Net Current Assets Liabilities 11.1% 5.6% -3.2%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 24.9% 13.5% 4.2%
Capital Employed - - -
Total Assets Less Current Liabilities 26.8% 23.6% 14.5%
Financial Ratio Analysis Unlock full report
Accounts Date 06-Dec-2018 06-Dec-2017 06-Dec-2016
Liquidity Ratio 1.2 1.1 1.0
Solvency Ratio 1.3 1.2 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 4
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 06-Dec-2018 06-Dec-2017 06-Dec-2016
Assets 488,588 403,572 346,315
Debt 366,712 349,254 331,662
Net Assets/Debt 121,876 54,318 14,653
Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around DY1 4DA
EMPIRE METAL PRODUCTS LIMITED
Unit 10b Castlemill Industrial Estate, Birmingham New Road, Dudley, West Midlands, DY1 4DA
CLARKE DESIGN & ENGINEERING LIMITED
UNIT 3 CHANCEL PLACE, HAM LANE, KINGSWINFORD, WEST MIDLANDS, DY1 4DA
CLARKE CONTROLS & DISTRIBUTION LIMITED
UNIT 3 CHANCEL PLACE, HAM LANE, KINGSWINFORD, WEST MIDLANDS, DY1 4DA
SNK MACHINES LIMITED
MR1/ UNIT 17 WRENS COURT, LOWER QUEEN STREET, SUTTON COLDFILED, BIRMINGHAM, DY1 4DA
HAYLEY 247 ENGINEERING SERVICES LIMITED
UNIT 1 CASTLE MILL WORKS, BIRMINGHAM NEW ROAD, DUDLEY, WEST MIDLANDS, DY1 4DA
CONTAINER PRODUCTS LIMITED
The Town Hall Burnley Road, Padiham, Burnley, Lancashire, DY1 4DA
Document Filings
Final Gazette dissolved via voluntary strike-off
First Gazette notice for voluntary strike-off
Application to strike the company off the register
Termination of appointment of Allan Findlow as a director on 21 December 2020
Termination of appointment of Jozef Vandael as a director on 21 December 2020
Resolutions
Confirmation statement made on 11 November 2020 with no updates
Confirmation statement made on 11 November 2019 with updates
Previous accounting period shortened from 31 December 2018 to 6 December 2018
Resolutions
Cancellation of shares. Statement of capital on 30 November 2018
Purchase of own shares.
Registered office address changed from Amp Technology Centre Brunel Way Catcliffe Rotherham South Yorkshire S60 5WG to Unit 1 Castle Mill Works Birmingham New Road Dudley West Midlands DY1 4DA on 18 December 2018
Appointment of Mr Mark Raymond Brady as a director on 6 December 2018
Notification of Hayley 247 Engineering Services Limited as a person with significant control on 6 December 2018
Appointment of Hamiltons Group Limited as a secretary on 6 December 2018
Appointment of Jozef Vandael as a director on 6 December 2018
Termination of appointment of Kevin Ronald Micklethwaite as a director on 6 December 2018
Termination of appointment of Allan Findlow as a secretary on 6 December 2018
Cessation of Allan Findlow as a person with significant control on 6 December 2018
Statement of capital following an allotment of shares on 10 January 2017
Cancellation of shares. Statement of capital on 15 March 2016
Statement of capital following an allotment of shares on 9 February 2015
Statement of capital following an allotment of shares on 31 October 2014
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