U-DRIVE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-11 (in 6mo)
Last made up 2025-10-28
Watchouts
None on the register
Cash
£3M
-6.8% vs 2023
Net assets
£19M
+0.6% vs 2023
Employees
179
+15.5% vs 2023
Profit before tax
£628K
-82.8% vs 2023
Name history
Renamed 1 time since incorporation
- U-DRIVE LIMITED 1996-05-20 → present
- U-DRIVE (HANTS & DORSET) 1996-04-10 → 1996-05-20
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £32,742,178 | £32,771,154 | |
| Operating profit | £6,897,294 | £4,145,056 | |
| Profit before tax | £3,657,306 | £628,097 | |
| Net profit | £2,921,387 | £481,248 | |
| Cash | £3,182,299 | £2,967,386 | |
| Total assets less current liabilities | £57,577,782 | £57,413,500 | |
| Net assets | £19,089,355 | £19,200,603 | |
| Equity | £19,089,355 | £19,200,603 | |
| Average employees | 155 | 179 | |
| Wages | £4,794,904 | £5,152,647 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 21.1% | 12.6% | |
| Net margin | 8.9% | 1.5% | |
| Return on capital employed | 12.0% | 7.2% | |
| Gearing (liabilities / total assets) | 75.0% | 74.7% | |
| Current ratio | 0.54x | 0.56x | |
| Interest cover | 2.09x | 1.15x |
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
- Moore (South) LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based upon understanding the risk, the forecasts produced based upon prudent scenarios, the Directors confirm that the Group will be able to continue in operation and meet its liabilities as they fall due.”
Group structure
- U-DRIVE LIMITED · parent
- Parallel Insurance Services Limited 100%
- U-Lease Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAMBLIN, Gillian Phyllis | Secretary | 1996-04-10 | — | British |
| HAMBLIN, Keeley Joanne | Secretary | 2024-06-28 | — | — |
| HAMBLIN, Shelley Tamsin | Secretary | 2024-06-28 | — | — |
| KING, Jodie Louise | Secretary | 2024-06-28 | — | — |
| CRANE-SUTTON, Richard William | Director | 2021-05-21 | Mar 1967 | British |
| HAMBLIN, David Alan | Director | 1996-04-10 | Feb 1946 | British |
| HAMBLIN, Gillian Phyllis | Director | 1998-11-16 | Jun 1948 | British |
| HAMBLIN, Mark Gareth | Director | 2021-05-21 | Nov 1971 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr David Alan Hamblin | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Mrs Gillian Phyllis Hamblin | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 106 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-02 | AA | accounts | Accounts with accounts type group | |
| 2024-10-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-06-13 | AA | accounts | Accounts with accounts type group | |
| 2024-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-17 | AA | accounts | Accounts with accounts type group | |
| 2023-04-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-05 | CH01 | officers | Change person director company with change date | |
| 2023-04-05 | CH01 | officers | Change person director company with change date | |
| 2023-02-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-05-26 | AA | accounts | Accounts with accounts type group | |
| 2022-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-29 | CH03 | officers | Change person secretary company with change date | |
| 2021-12-29 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2021-12-29 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2021-07-14 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+0.1%
£32,742,178 £32,771,154
-
Cash
-6.8%
£3,182,299 £2,967,386
-
Net assets
+0.6%
£19,089,355 £19,200,603
-
Employees
+15.5%
155 179
-
Operating profit
-39.9%
£6,897,294 £4,145,056
-
Profit before tax
-82.8%
£3,657,306 £628,097
-
Wages
+7.5%
£4,794,904 £5,152,647
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