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Drive Systems Limited

01739572

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

A29 RED SCAR BUSINESS PARK, PRESTON, PR2 5NA
Incorporated 14/07/1983

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 12/11/2025

Due 26/11/2026

On track

Industry

27900
Manufacture of other electrical equipment

Officers

Joseph Boucher

director · Since 02/04/2026

BRITISH · ENGLAND · Age 43

Mr Adam Matthew Glazzard

director · Since 02/04/2026

BRITISH · ENGLAND · Age 46

Also on 1 other board

Mr Michael Gareth Brian Jennings

director · Since 02/04/2026

BRITISH · ENGLAND · Age 56

Also on 2 other boards

Mr Balraj Singh Virdi

director · Since 02/04/2026

TANZANIAN · ENGLAND · Age 39

Persons with Significant Control

Jacopa Limited

75–100% shares
75–100% votes
Appoint directors

Cornwallis Road, Millard Industrial Estate, West Bromwich, B70 7JF

Reg: 09352099 · Companies House · Private Limited Company

Notified 02/04/2026

Former PSCs

Mr Alexander Brown Russell

Ceased 18/02/2024

Mr Nigel Scott Campbell

Ceased 02/04/2026

Mr Simon Fenton

Ceased 02/04/2026

Charges0 outstanding

charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 11/09/1986Registered 18/09/1986Satisfied 08/02/2017

CompanyRankvs 225+ SIC 27900 peers
82

Financial strength85th percentile among SIC peers · 21/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 3.82× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength21/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees11/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Net Worth

£946k

Balance sheet strength

Cash

£674k

Cash in the bank

Net Current Assets

£876k

Working capital

Current Assets

£1.2M

Current Liabilities

£311k

Fixed Assets

£93k

Debtors

£277k

5avg. employees

Tax at Year End

Corp tax£111k

Balance Sheet

Assets less current liabilities£969k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20253.82+£341k
20244.10+£58k
20237.06+£39k
20227.98-£21k
20215.89+£155k
20204.72+£348k
20195.10-£405k
201714.68

Derived from filed accounts. Not audited figures.