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Iam Drive & Survive Limited

02019635

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

1 ALBANY PLACE, WELWYN GARDEN CITY, AL7 3BT
Incorporated 14/05/1986

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

85530
Driving school activities

Officers

Mr Andrew Mclachrie

secretary · Since 30/03/2023

Mrs Shona Fay Johnstone

director · Since 26/03/2025

DIRECTOR

BRITISH · ENGLAND · Age 64

Also on 6 other boards

Persons with Significant Control

Institute Of Advanced Motorists Limited(The)

75–100% shares
Appoint directors

1 Albany Place, Hyde Way, Welwyn Garden City, AL7 3BT

Reg: 562530 · Registrar Of Companies, Cardiff · Company Limited By Guarantee/Charity

Notified 06/04/2016

Charges1 outstanding

charge
outstanding

THE INSTITUTE OF ADVANCED MOTORISTS LIMITED

Created 07/06/1994Registered 16/06/1994

CompanyRankvs 1966+ SIC 85530 peers
14

Financial strength0th percentile among SIC peers · 0/25
Employees12th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.22× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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1966Iam Drive & Survive Limited
34
How is this score calculated?
Financial strength0/25 pts

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

Employees2/15 pts

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

Liquidity2/20 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.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

undertaking are included by full consolidation in the consolidated financial statements of its parent, Institute of Advanced Motorists Limited, a charitable company incorporated in the UK. Going concernThe directors assess whether use of the going concern basis of accounting is appropriate i.e. whether there are material uncertainties related to events or conditions that may cast doubt

Key FinancialsYear ending 31/03/2023

Turnover

£812k

Annual revenue

Net Worth

-£1.3M

Balance sheet strength

Cash

£58k

Cash in the bank

Profit Before Tax

-£134k

Bottom line earnings

Net Current Assets

-£1.3M

Working capital

Current Assets

£351k

Current Liabilities

£1.6M

Fixed Assets

£2

Debtors

£290k

Cost of Sales

£615k

Gross Profit

£197k

Admin Expenses

£0

Operating Profit

-£119k

0avg. employees

Balance Sheet

Intangible assets£0
Assets less current liabilities-£1.3M
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
20230.22

Derived from filed accounts. Not audited figures.