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Drive Lounge Limited

15359516

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

20 WENLOCK ROAD, LONDON, N1 7GU
Incorporated 18/12/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

93290
Other amusement and recreation activities

Officers

Mr Paul Christopher Bolton

director · Since 18/12/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Also on 3 other boards

Mr Matthew Lee Martin

director · Since 18/12/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 45

Persons with Significant Control

Mr Paul Christopher Bolton

50–75% shares
50–75% votes
Appoint directors

British · United Kingdom · Age 52

20, Wenlock Road, London, N1 7GU

Notified 18/12/2023

Mr Matthew Lee Martin

25–50% votes

British · England · Age 45

20, Wenlock Road, London, N1 7GU

Notified 17/01/2024

Former PSCs

Mr Mark Lee Smith

Ceased 17/06/2024

CompanyRankvs 2096+ SIC 93290 peers
73

Financial strength89th percentile among SIC peers · 22/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 6.18× · 20/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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2096Drive Lounge Limited
72
How is this score calculated?
Financial strength22/25 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.

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.

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 31/12/2024

Net Worth

£174k

Balance sheet strength

Cash

£70k

Cash in the bank

Net Current Assets

£144k

Working capital

Current Assets

£172k

Current Liabilities

£28k

Fixed Assets

£30k

Debtors

£102k

5avg. employees

Tax at Year End

Corp tax£395

Balance Sheet

Intangible assets£5k
Assets less current liabilities£174k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
20246.18

Derived from filed accounts. Not audited figures.