DRIVE MOTOR RETAIL LIMITED
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Cash
£65k
Latest balance sheet
Net assets
£19m
Equity attributable
Employees
650
Average over period
Profit before tax
£3.2m
Period ending 2023-12-31
Net assets
1-year trend · vs Consumer Discretionary median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £311,214,000 | — | |
| Operating profit | £4,865,000 | — | |
| Profit before tax | £3,240,000 | — | |
| Net profit | £2,930,000 | — | |
| Cash | £65,000 | — | |
| Total assets less current liabilities | £27,748,000 | — | |
| Net assets | £18,619,000 | — | |
| Equity | £18,619,000 | — | |
| Average employees | 650 | — | |
| Wages | £23,046,000 | — | |
| Directors' remuneration | £542,000 | — | |
| Directors' pension contributions | £14,000 | — | |
| Highest paid director | £280,000 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 |
|---|---|---|
| Operating margin | 1.6% | |
| Net margin | 0.9% | |
| Return on capital employed | 17.5% | |
| Gearing (liabilities / total assets) | 80.1% | |
| Current ratio | 1.15x | |
| Interest cover | 2.32x |
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
- DRIVE MOTOR RETAIL LIMITED 2003-03-03 → present
- STERLING MOTOR HOLDINGS LIMITED 2002-08-21 → 2003-03-03
- PINCO 1715 LIMITED 2001-12-14 → 2002-08-21
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 group's and parent 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
- DRIVE MOTOR RETAIL LIMITED · parent
- Drive Motor Properties LLP 2%
- Sterling Motor Properties Limited 100%
Significant events
- “During the year, the Group acquired the trade and assets of Marshall of Ipswich Limited.”
- “During the year, the Group added the Peugeot franchise at Hartlepool.”
- “During the year, the Group invested significantly in redeveloping the Darlington site, enhancing customer experience and supporting long-term growth.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARRISON, Stuart James | Secretary | 2016-07-26 | — | British |
| BESSEX, Stephen Thomas | Director | 2002-08-12 | Apr 1957 | British |
| MANNING, Richard Paul | Director | 2002-08-12 | Dec 1954 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ELVIDGE, Christopher David | Secretary | 2008-06-01 | 2016-07-26 |
| MANNING, Richard Paul | Secretary | 2002-08-12 | 2003-03-06 |
| MOTORS SECRETARIES LIMITED | Corporate Secretary | 2003-03-06 | 2008-06-01 |
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2001-12-14 | 2002-08-12 |
| ELVIDGE, Christopher David | Director | 2011-06-06 | 2017-07-03 |
| HARRISON, Stuart James | Director | 2016-07-26 | 2026-03-31 |
| KEENAN, Robert Edward | Director | 2020-01-23 | 2023-12-31 |
| LARSSON, Peter Michael | Director | 2002-08-12 | 2002-12-17 |
| ROBERTS, Christopher Roger | Director | 2017-07-01 | 2018-11-23 |
| MOTORS DIRECTORS LIMITED | Corporate Director | 2003-02-05 | 2018-01-29 |
| MOTORS SECRETARIES LIMITED | Corporate Director | 2003-02-05 | 2018-01-29 |
| PINSENT MASONS DIRECTOR LIMITED | Corporate Director | 2001-12-14 | 2002-08-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Drive Investments Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 162 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | AA | accounts | Accounts with accounts type group | |
| 2026-07-14 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-07-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-27 | CH01 | officers | Change person director company with change date | |
| 2025-10-02 | AA | accounts | Accounts with accounts type group | |
| 2024-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-09 | AA | accounts | Accounts with accounts type group | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-12 | AA | accounts | Accounts with accounts type group | |
| 2022-12-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-21 | AA | accounts | Accounts with accounts type group | |
| 2021-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-02 | AA | accounts | Accounts with accounts type group | |
| 2021-07-08 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2021-07-08 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2020-12-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.