Driveline Systems Limited
03107589
Some Concerns
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 20/12/1996
ENGINEER
BRITISH · ENGLAND · Age 77
Also on 1 other board
Persons with Significant Control
Mr Paul Richard Michael Shrimpton
British · England · Age 77
60, Sunderland Road, Sandy, SG19 1QY
Notified 06/04/2016
Charges2 outstanding
BARCLAYS BANK PLC
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CompanyRankvs 16392+ SIC 71129 peers37
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Outstanding charges: -10 pts
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
£500
Balance sheet strength
Cash
£26k
Cash in the bank
Net Current Assets
-£92k
Working capital
Current Assets
£147k
Current Liabilities
£239k
Fixed Assets
£154k
Debtors
£121k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.62 | — |
| 2023 | 0.59 | -£18k |
| 2022 | 0.77 | -£101k |
| 2021 | 1.52 | -£232k |
| 2020 | 1.93 | -£119k |
| 2019 | 2.99 | +£24k |
| 2018 | 2.76 | — |
Derived from filed accounts. Not audited figures.