DRIVE SYSTEM DESIGN LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-12 (in 2mo)
Last made up 2025-06-28
Watchouts
None on the register
Cash
£1M
Latest balance sheet
Net assets
£10M
Equity attributable
Employees
108
Average over period
Profit before tax
£3M
Period ending 2025-03-31
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2025-03-31
| Metric | Trend | 2021-12-31 | 2022-11-29 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £17,077,045 | £15,100,991 | |
| Operating profit | — | — | £3,950,329 | £2,694,377 | |
| Profit before tax | — | — | £11,027,060 | £2,710,556 | |
| Net profit | — | — | £9,885,981 | £1,793,693 | |
| Cash | — | — | £1,852,780 | £1,257,401 | |
| Total assets less current liabilities | — | — | £15,584,581 | £10,779,712 | |
| Net assets | — | — | £14,885,186 | £9,900,879 | |
| Equity | £9,242,187 | £10,852,205 | £14,885,186 | £9,900,879 | |
| Average employees | — | — | 87 | 108 | |
| Wages | — | — | £8,058,334 | £7,096,829 | |
| Directors' remuneration | — | — | £578,784 | £439,601 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-11-29 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 23.1% | 17.8% | |
| Net margin | — | — | 57.9% | 11.9% | |
| Return on capital employed | — | — | 25.3% | 25.0% | |
| Gearing (liabilities / total assets) | — | — | 4.5% | 28.0% | |
| Current ratio | — | — | 4.46x | 2.47x | |
| Interest cover | — | — | 6572.93x | 13338.50x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Dafferns Audit Limited
- 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
- DRIVE SYSTEM DESIGN LIMITED · parent
- Drive System Design s.r.o 100%
Significant events
- “Vehicle electrification and the automotive market remains a key strategic component for the Company whilst also diversifying into other industries.”
- “Whilst market conditions remain challenging, the management team remain confident in the future of the business.”
- “In the previous period, the Company sold its US investment in Drive System Design Inc with a carrying value of £204,316, realising a profit on sale of £7,073,403.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AHMAD, Mohammad Faiz | Director | 2022-11-30 | Jan 1975 | Indian |
| ALLEN, Jason | Director | 2026-02-27 | Sep 1986 | British |
| KELLY, David Francis | Director | 2022-12-19 | Mar 1973 | British |
| VENKATRAMAN, Shankar | Director | 2023-04-18 | May 1970 | Indian |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TYLEE-BIRDSALL, Rebecca Louise | Secretary | 2007-07-06 | 2019-03-15 |
| ANDREWS, Gerald Anthony | Director | 2017-08-24 | 2022-11-30 |
| FINDLAY, Elizabeth Liilian Catherine | Director | 2011-08-01 | 2022-11-30 |
| FINDLAY, Mark Edward | Director | 2007-07-06 | 2025-12-12 |
| KELLY, David Francis | Director | 2009-06-11 | 2022-11-30 |
| KELLY, Samantha Jane | Director | 2011-08-01 | 2022-11-30 |
| MORTON, John David | Director | 2009-06-17 | 2022-11-30 |
| MORTON, Susan | Director | 2011-08-01 | 2022-11-30 |
| TYLEE-BIRDSALL, Alexander James | Director | 2007-07-06 | 2021-04-28 |
| TYLEE-BIRDSALL, Rebecca Louise | Director | 2019-03-12 | 2021-04-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hinduja Tech Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-11-30 | Active |
| Mr Alexander James Tylee-Birdsall | Individual | Shares 25–50%, Voting 25–50% | 2022-10-15 | Ceased 2022-11-30 |
| Mr Alexander James Tylee-Birdsall | Individual | Shares 25–50%, Significant influence | 2016-07-06 | Ceased 2020-12-01 |
| Mr Mark Edward Findlay | Individual | Shares 25–50%, Significant influence | 2016-07-06 | Ceased 2020-12-01 |
Filing timeline
Last 20 of 91 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-01 | AA | accounts | Accounts with accounts type full | |
| 2024-08-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-19 | AA | accounts | Accounts with accounts type full | |
| 2024-03-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-11-30 | AA01 | accounts | Change account reference date company current extended | |
| 2023-08-09 | AA | accounts | Accounts with accounts type group | |
| 2023-08-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-04-27 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-04-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-04-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-05 | AA01 | accounts | Change account reference date company current extended | |
| 2022-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-02 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.