DRIVALIA LEASE UK LTD

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

• Turnover

  +271.4%

  £5,601,000 → £20,801,000

• Cash

  -85.8%

  £597,000 → £85,000

• Net assets

  +2.4%

  £42,610,000 → £43,639,000

• Employees

  +60%

  5 → 8

• Operating profit

  -82.3%

  £32,952,000 → £5,835,000

• Profit before tax

  -95.3%

  £28,833,000 → £1,345,000

• Wages

  -5.4%

  £819,000 → £775,000

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. DRIVALIA LEASE UK LTD 2023-04-03 → present
2. FCA DEALER SERVICES UK LTD 2015-04-08 → 2023-04-03
3. FGA WHOLESALE UK LTD 2009-01-23 → 2015-04-08
4. FIAT AUTO FINANCIAL SERVICES (WHOLESALE) LIMITED 2002-10-22 → 2009-01-23

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

FORVIS MAZARS LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a going concern basis as disclosed in the Directors' Statement of going concern set out in the Directors' Report. On the basis of their assessment of the Company's financial position and of reasonable expectation of continuous support from its holding Company, the Company's directors are confident that the Company will be able to continue to trade for the foreseeable future, being no less than twelve months from the date that the financial statements were approved.”

Significant events

• “Claims have been filed at the High Court in England in 2021, 2022 and 2023 but they have not progressed significantly. The claimants are seeking monetary damages and vehicle buybacks on behalf of a number of claimants in connection with alleged emissions non-compliance of certain FCA diesel vehicles.”
• “The Virgin Media Ltd v NTL Pension Trustee II court case was decided by the High Court on 16 June 2023. It considered the implications of section 37 of the Pension Schemes Act 1993. As per section 37 rules of contracted-out schemes demand that certain requirements are met before any scheme alterations can be made that impact the benefits of the members. The court decision has been appealed by The Virgin Media Ltd with expected hearing in 2024. Having consulted with its legal advisors, the Trustee has determined that there is no immediate action needed on the matter.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.