DRIVE HOLDINGS 2015 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-12 (in 10mo)
Last made up 2026-02-26
Watchouts
None on the register
Cash
£5K
-98.8% lowest in 3 filed years
Net assets
£18M
+1.6% vs 2023
Employees
795
-1.4% vs 2023
Profit before tax
-£166K
-548.6% vs 2023
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | — | £372,014,000 | £350,583,000 | |
| Operating profit | — | £2,290,000 | £3,200,000 | |
| Profit before tax | — | £37,000 | -£166,000 | |
| Net profit | £2,968,000 | -£43,000 | -£519,000 | |
| Cash | £582,000 | £415,000 | £5,000 | |
| Total assets less current liabilities | — | £28,810,000 | £28,173,000 | |
| Net assets | £24,142,000 | £17,596,000 | £17,876,000 | |
| Equity | — | £17,596,000 | £17,876,000 | |
| Average employees | 2 | 806 | 795 | |
| Wages | £808,000 | £27,052,000 | £28,529,000 | |
| Directors' remuneration | — | £952,000 | £1,025,000 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-5.8%
£372,014,000 £350,583,000
-
Cash
-98.8%
£415,000 £5,000
lowest in 3 filed years
-
Net assets
+1.6%
£17,596,000 £17,876,000
-
Employees
-1.4%
806 795
-
Operating profit
+39.7%
£2,290,000 £3,200,000
-
Profit before tax
-548.6%
£37,000 -£166,000
-
Wages
+5.5%
£27,052,000 £28,529,000
highest in 3 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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | — | 0.6% | 0.9% | |
| Net margin | — | -0.0% | -0.1% | |
| Return on capital employed | — | 7.9% | 11.4% | |
| Gearing (liabilities / total assets) | — | 83.6% | 84.1% | |
| Current ratio | — | 1.03x | 0.98x | |
| Interest cover | — | 1.02x | 1.42x |
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
- Consolidated group
- Auditor
- Cooper Parry Group 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 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 HOLDINGS 2015 LIMITED · parent
- Drive Contact Centre LLP 97%
- Drive Investments Limited 100%
- Drive Motor Properties LLP 100%
- Drive Motor Retail Limited 100%
- Sterling Motor Properties Limited 100%
- Minstergate Limited 100%
Significant events
- “Included in the results for 2024 are impairment losses for properties acquired above the 'book value' in Scarborough and Weston-Super-Mare. The sites acquired are of strategic importance and have enabled expansion with MG a key franchise partner.”
- “Minstergate Limited has seen a significant improvement in performance in the second half of 2024 and into 2025, the directors are confident that Minstergate Limited will going forward will deliver a healthy profit that is sustainable for the long term.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARRISON, Stuart James | Secretary | 2016-07-26 | — | British |
| BESSEX, Stephen Thomas | Director | 2015-02-26 | Apr 1957 | British |
| MANNING, Richard Paul | Director | 2015-02-26 | Dec 1954 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Richard Paul Manning | Individual | Significant influence | 2016-06-01 | Active |
| Mr Stephen Thomas Bessex | Individual | Significant influence | 2016-06-01 | Active |
Filing timeline
Last 20 of 36 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-03-04 MA Memorandum articles
- 2022-03-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-02 | AA | accounts | Accounts with accounts type group | |
| 2025-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-12 | AA | accounts | Accounts with accounts type group | |
| 2023-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-28 | AA | accounts | Accounts with accounts type group | |
| 2022-03-04 | MA | incorporation | Memorandum articles | |
| 2022-03-04 | RESOLUTIONS | resolution | Resolution | |
| 2022-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-30 | AA | accounts | Accounts with accounts type group | |
| 2021-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-17 | AA | accounts | Accounts with accounts type group | |
| 2020-03-16 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2020-03-16 | CH01 | officers | Change person director company with change date | |
| 2020-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-06-14 | AA | accounts | Accounts with accounts type group | |
| 2019-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-05-24 | AA | accounts | Accounts with accounts type group |
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.