DRIVE MOTOR RETAIL LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-13 (in 7mo)
Last made up 2025-11-29
Watchouts
None on the register
Cash
£5K
-92.3% vs 2023
Net assets
£20M
+6.3% vs 2023
Employees
653
+0.5% vs 2023
Profit before tax
£5M
+50.8% vs 2023
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
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 | £311,214,000 | £292,911,000 | |
| Operating profit | £4,865,000 | £5,901,000 | |
| Profit before tax | £3,240,000 | £4,885,000 | |
| Net profit | £2,930,000 | £4,131,000 | |
| Cash | £65,000 | £5,000 | |
| Total assets less current liabilities | £27,748,000 | £28,236,000 | |
| Net assets | £18,619,000 | £19,799,000 | |
| Equity | £18,619,000 | £19,799,000 | |
| Average employees | 650 | 653 | |
| Wages | £23,046,000 | £23,772,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 1.6% | 2.0% | |
| Net margin | 0.9% | 1.4% | |
| Return on capital employed | 17.5% | 20.9% | |
| Current ratio | 1.15x | 1.10x | |
| Interest cover | 2.32x | 3.37x |
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
“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- DRIVE MOTOR RETAIL LIMITED · parent
- Drive Motor Properties LLP 100%
- Sterling Motor Properties Limited 100%
Significant events
- “The land and property was re-valued in August 2024.”
- “The audit business of UHY Hacker Young Manchester LLP was acquired by Cooper Parry Group Limited on 30th September 2024. UHY Hacker Young Manchester LLP has resigned as auditor and Cooper Parry Group Limited has been appointed in its place.”
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 158 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2020-12-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-12-01 | CH01 | officers | Change person director company with change date | |
| 2020-06-17 | AA | accounts | Accounts with accounts type group | |
| 2020-03-16 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-5.9%
£311,214,000 £292,911,000
-
Cash
-92.3%
£65,000 £5,000
-
Net assets
+6.3%
£18,619,000 £19,799,000
-
Employees
+0.5%
650 653
-
Operating profit
+21.3%
£4,865,000 £5,901,000
-
Profit before tax
+50.8%
£3,240,000 £4,885,000
-
Wages
+3.2%
£23,046,000 £23,772,000
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