ONDRIVES LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-16 (in 11mo)
Last made up 2026-04-02
Watchouts
None on the register
Cash
£102K
+22,679.9% vs 2024
Net assets
£4M
-11.5% lowest in 6 filed years
Employees
50
+2% vs 2024
Profit before tax
-£426K
-33.7% lowest in 6 filed years
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | £5,693,315 | £4,832,385 | — | — | £5,185,235 | £5,297,780 | |
| Operating profit | £452,864 | -£83,218 | — | — | -£323,521 | -£481,138 | |
| Profit before tax | £453,658 | -£83,042 | £345,532 | £604,547 | -£318,709 | -£426,144 | |
| Net profit | £384,185 | -£26,013 | £195,102 | £495,547 | -£249,875 | -£327,424 | |
| Cash | £661,360 | £512,609 | £839,707 | £1,090,139 | £447 | £101,826 | |
| Total assets less current liabilities | £5,719,336 | £5,536,167 | £5,732,451 | £6,136,998 | £5,618,289 | £4,947,145 | |
| Net assets | £5,269,609 | £5,093,596 | £5,138,698 | £5,434,245 | £4,984,370 | £4,411,946 | |
| Equity | £5,269,609 | £5,093,596 | £5,138,698 | £5,434,245 | £4,984,370 | £4,411,946 | |
| Average employees | 60 | 54 | 51 | 50 | 49 | 50 | |
| Wages | £2,116,220 | £2,059,930 | £1,894,751 | £2,071,850 | £2,111,465 | £2,268,927 | |
| Directors' remuneration | £381,772 | £415,831 | £435,845 | £456,367 | £433,460 | £455,123 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+2.2%
£5,185,235 £5,297,780
-
Cash
+22,679.9%
£447 £101,826
-
Net assets
-11.5%
£4,984,370 £4,411,946
lowest in 6 filed years
-
Employees
+2%
49 50
-
Operating profit
-48.7%
-£323,521 -£481,138
lowest in 4 filed years
-
Profit before tax
-33.7%
-£318,709 -£426,144
lowest in 6 filed years
-
Wages
+7.5%
£2,111,465 £2,268,927
highest in 6 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 8.0% | -1.7% | — | — | -6.2% | -9.1% | |
| Net margin | 6.7% | -0.5% | — | — | -4.8% | -6.2% | |
| Return on capital employed | 7.9% | -1.5% | — | — | -5.8% | -9.7% | |
| Gearing (liabilities / total assets) | — | — | — | — | 23.6% | 22.5% | |
| Current ratio | — | — | — | — | 2.31x | 2.53x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- ONDRIVES LIMITED 2000-07-03 → present
- HPC DRIVES LIMITED 1996-02-12 → 2000-07-03
- RINO LIMITED 1995-04-06 → 1996-02-12
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- UHY Hacker Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- ONDRIVES LIMITED · parent
- Ongears Limited 0.2%
- E-Cad.co.uk Limited 0.2%
- Aero Gears Limited 0.2%
- Aerospace Gears Limited 0.2%
- Ondrives Gears Limited 0.2%
- Ondrives Aerospace Limited 0.2%
- Ondrives PCT Limited 0.2%
- Ondrives Precision Cutting Tools Limited 0.2%
- Ondrives Precision Gears Limited 0.2%
- Ondrives Tools Limited 0.2%
Significant events
- “As a supplier of manufactured gears, the principal risk and uncertainties in the company surround the increase of material prices from overseas purchases and increased haulage costs due to the effects of Brexit on the economy.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HIGGS, Andrew | Director | 2012-04-02 | Mar 1965 | British |
| HINCHLIFFE, Benjamin John | Director | 1995-04-06 | Feb 1973 | British |
| HINCHLIFFE, David Warren | Director | 1997-01-01 | May 1944 | British |
| HINCHLIFFE, Susan Margaret | Director | 1997-01-01 | Oct 1945 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HINCHLIFFE, Louise | Secretary | 1995-04-06 | 2008-05-13 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1995-04-06 | 1995-04-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ondrives Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, right-to-appoint-and-remove-directors-as-firm, significant-influence-or-control-as-firm | 2016-04-06 | Active |
Filing timeline
Last 20 of 96 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-24 | AA | accounts | Accounts with accounts type full | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-19 | AA | accounts | Accounts with accounts type full | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-21 | AA | accounts | Accounts with accounts type full | |
| 2023-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-23 | AA | accounts | Accounts with accounts type full | |
| 2022-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-21 | AA | accounts | Accounts with accounts type full | |
| 2021-04-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-14 | AA | accounts | Accounts with accounts type full | |
| 2020-08-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-15 | AA | accounts | Accounts with accounts type full | |
| 2019-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-12-14 | AA | accounts | Accounts with accounts type small | |
| 2018-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-04-04 | CH01 | officers | Change person director company with change date | |
| 2018-04-04 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.