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First Drove Ltd

11560042

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • 1 outstanding charge (-2)

Details

83 PINCHBECK ROAD, SPALDING, PE11 1QF
Incorporated 10/09/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles

Officers

Mr Adam Aman Hanif

director · Since 09/08/2022

BUSINESSMAN

BRITISH · UNITED KINGDOM · Age 34

Also on 3 other boards

Mrs Yasmin Soraya Hanif

director · Since 09/08/2022

BUSINESSWOMEN

BRITISH · UNITED KINGDOM · Age 36

Also on 1 other board

Persons with Significant Control

First Drove Holdings Ltd

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

83, Pinchbeck Road, Spalding, PE11 1QF

Reg: 15882927 · Companies House · Limited

Notified 10/02/2025

Former PSCs

Mrs Yasmin Soraya Hanif

Ceased 10/02/2025

Mr Zahoor Rehman

Ceased 05/03/2020

Mr Nasir Rehman

Ceased 01/07/2021

Mr Adam Aman Hanif

Ceased 10/02/2025

Charges1 outstanding

Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 10/05/2024Registered 21/05/2024Satisfied 08/07/2025
Charge
outstanding

BCA VEHICLE FINANCE LIMITED

Created 14/09/2023Registered 14/09/2023

CompanyRankvs 3700+ SIC 45112 peers
62

Financial strength94th percentile among SIC peers · 24/25
Employees87th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.26× · 12/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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3700First Drove Ltd
71
How is this score calculated?
Financial strength24/25 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.

Longevity8/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/09/2024

Net Worth

£532k

Balance sheet strength

Cash

£241k

Cash in the bank

Net Current Assets

£469k

Working capital

Current Assets

£2.3M

Current Liabilities

£1.8M

Fixed Assets

£973k

Debtors

£633k

4avg. employees-1

Balance Sheet

Assets less current liabilities£1.4M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.26+£91k
20232.16+£374k
20221.22+£3
20211.27+£61k
20201.58—

Derived from filed accounts. Not audited figures.