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Driving Force Exec Limited

14880165

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

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

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49390
Other passenger land transport

Officers

Rakesh Varma

director · Since 19/05/2023

British

CompanyRankvs 34750+ SIC 49390 peers
43

Financial strength55th percentile among SIC peers · 14/25
Employees36th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.99× · 6/20
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 strength14/25 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.

Liquidity6/20 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 31/05/2024

Net Worth

£3k

Balance sheet strength

Cash

£8k

Cash in the bank

Net Current Assets

-£181

Working capital

Current Assets

£25k

Current Liabilities

£25k

Fixed Assets

£3k

Debtors

£17k

1avg. employees

Balance Sheet

Assets less current liabilities£3k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.99

Derived from filed accounts. Not audited figures.