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Drives Direct (Inverters) Ltd

06335340

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

UNIT 1, PHASE 2, PARK LANE BUSINESS PARK, KIRKBY IN ASHFIELD, NG17 9GW
Incorporated 07/08/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

27110
Manufacture of electric motors, generators and transformers

Officers

Mrs Vannessa King

secretary · Since 10/08/2007

SECRETARY

BRITISH · Age 75

Mr David Russell

director · Since 10/08/2007

ELETRONIC ENGINEER

BRITISH · ENGLAND · Age 60

Also on 2 other boards

Persons with Significant Control

Mr David Russell

25–50% shares
25–50% votes
Significant control

British · England · Age 60

Unit 1, Phase 2,, Park Lane Business Park, Kirkby In Ashfield, NG17 9GW

Notified 06/04/2016

Former PSCs

Mrs Vannessa Olywn King

Ceased 01/01/2025

Charges0 outstanding

charge
satisfied

LLOYDS TSB BANK PLC

Created 24/06/2010Registered 15/07/2010Satisfied 20/09/2022
charge
satisfied

LLOYDS TSB BANK PLC

Created 26/01/2010Registered 27/01/2010Satisfied 20/09/2022

CompanyRankvs 162+ SIC 27110 peers
58

Financial strength59th percentile among SIC peers · 15/25
Employees72th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.2× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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162Drives Direct (Inverters) Ltd
58
How is this score calculated?
Financial strength15/25 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.

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.

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

Key FinancialsYear ending 30/09/2025

Net Worth

£48k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£165k

Working capital

Current Assets

£41k

Current Liabilities

£207k

Fixed Assets

£374k

Debtors

£6k

3avg. employees

Tax at Year End

Corp tax£2k

Balance Sheet

Bank loans & overdrafts£7k
Assets less current liabilities£209k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.20-£23k
20240.38-£8k
20230.44+£15k
20220.46-£9k
20210.49—

Derived from filed accounts. Not audited figures.