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Drive Lines Technologies Limited

02695331

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

14 OLD BRIDGE WAY, SHEFFORD, SG17 5HQ
Incorporated 09/03/1992

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46690
Wholesale of other machinery and equipment

Officers

Mr Luke Barnett

director · Since 05/04/2023

DIRECTOR

BRITISH · ENGLAND · Age 40

Mr Darren Reynolds

director · Since 01/01/2024

DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 3 other boards

Persons with Significant Control

Raruk Holdings Limited

75–100% shares

14, Old Bridge Way, Shefford, SG17 5HQ

Notified 05/04/2023

Former PSCs

Mrs Jeannette Clark

Ceased 05/04/2023

Mr Robert Durrant Clark

Ceased 05/04/2023

Raruk Automation Limited

Ceased 05/04/2023

Charges0 outstanding

charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 16/01/2008Registered 22/01/2008Satisfied 10/05/2014

CompanyRankvs 729+ SIC 46690 peers
75

Financial strength78th percentile among SIC peers · 20/25
Employees88th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.48× · 12/20
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 strength20/25 pts

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

Employees13/15 pts

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

Liquidity12/20 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 31/12/2024

Net Worth

£270k

Balance sheet strength

Cash

£354k

Cash in the bank

Net Current Assets

£269k

Working capital

Current Assets

£825k

Current Liabilities

£556k

Fixed Assets

£1k

Debtors

£406k

9avg. employees+3

Tax at Year End

Corp tax£38k

Balance Sheet

Assets less current liabilities£270k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.48+£25k
20231.73-£231k
20232.84+£89k
20222.38+£78k
20212.40
20202.16
20191.47

Derived from filed accounts. Not audited figures.