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Driving Force Exec Limited

14880165

active
Private Limited Company
england wales
Companies House
Health Score
90 / 100

Healthy

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

No risk factors detected.

Details

57 GROSVENOR ROAD, NEWCASTLE UPON TYNE, NE2 2RN
Incorporated 19/05/2023

Compliance

Last accounts

31/05/2025

total exemption full

Next accounts due

28/02/2027

On track

Confirmation statement

Last: 18/05/2025

Due 01/06/2026

Overdue

Industry

49390
Other passenger land transport

Officers

Mr Rakesh Varma

director · Since 19/05/2023

DRIVER

BRITISH · UNITED KINGDOM · Age 69

Also on 2 other boards

Persons with Significant Control

Mr Rakesh Varma

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

British · United Kingdom · Age 69

57, Grosvenor Road, Newcastle Upon Tyne, NE2 2RN

Notified 19/05/2023

CompanyRankvs 2704+ SIC 49390 peers
51

Financial strength62th percentile among SIC peers · 16/25
Employees36th percentile among SIC peers · 5/15
LiquidityCurrent ratio 1.05× · 12/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength16/25 pts

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

Employees5/15 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.

Longevity3/15 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 31/05/2025

Net Worth

£7k

Balance sheet strength

Cash

£18k

Cash in the bank

Net Current Assets

£3k

Working capital

Current Assets

£64k

Current Liabilities

£60k

Fixed Assets

£3k

Debtors

£46k

1avg. employees

Balance Sheet

Assets less current liabilities£7k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.05+£3k
20240.99

Derived from filed accounts. Not audited figures.