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Drive System Design Limited

06304697

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

UNIT B, LEAMINGTON SPA, CV31 1NB
Incorporated 06/07/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

72190
Other research and experimental development on natural sciences and engineering

Officers

Mohammad Faiz Ahmad

director · Since 30/11/2022

BUSINESS DIRECTOR

INDIAN · INDIA · Age 51

Mr David Francis Kelly

director · Since 19/12/2022

ENGINEER

BRITISH · ENGLAND · Age 53

Also on 5 other boards

Mr Shankar Venkatraman

director · Since 18/04/2023

DIRECTOR

INDIAN · INDIA · Age 56

Mr Jason Allen

director · Since 27/02/2026

BRITISH · ENGLAND · Age 39

Also on 1 other board

Persons with Significant Control

Hinduja Tech Uk Limited

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

13th Floor New Zealand House, 80 Haymarket, London, SW1Y 4TE

Reg: 14134419 · Companies House · Private Limited Company

Notified 30/11/2022

Former PSCs

Mr Alexander James Tylee-Birdsall

Ceased 01/12/2020

Mr Mark Edward Findlay

Ceased 01/12/2020

Mr Alexander James Tylee-Birdsall

Ceased 30/11/2022

CompanyRankvs 30+ SIC 72190 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.47× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 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.

Risk deductions

Going concern doubt: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/03/2025

Turnover

£15.1M

Annual revenue

Net Worth

£9.9M

Balance sheet strength

Cash

£1.3M

Cash in the bank

Profit Before Tax

£2.7M

Bottom line earnings

Net Current Assets

£4.4M

Working capital

Current Assets

£7.4M

Current Liabilities

£3.0M

Fixed Assets

£6.4M

Debtors

£6.1M

Cost of Sales

£1.5M

Gross Profit

£13.6M

Admin Expenses

£11.4M

Operating Profit

£2.7M

Profit After Tax

£1.8M

108avg. employees+21

Tax at Year End

Dividends paid£6.8M

People Costs

Wages & salaries£7.1M
NI contributions£774k

Balance Sheet

Assets less current liabilities£10.8M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20252.47-£5.0M
20244.46—

Derived from filed accounts. Not audited figures.