Drive Automotive & Leisure Limited

Drive Automotive & Leisure Limited from New Romney, UK, is a small company with an active status, founded 14 years ago in 2010. It employs four people and holds £225,128 in assets, operating from a real address. The company has two directors and one owner, who is also the solo founder. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

The company's website, Broadview Group, focuses on investing in and partnering with middlemarket businesses. It describes itself as building businesses and providing long-term capital, emphasizing a team of great people, a long-term perspective, purpose, and real partnership. The site promotes its ability to help businesses scale and build significant value, positioning itself as a business owner-focused investment firm. It doesn't appear to be an e-commerce site; instead, it's a platform for showcasing investment strategies and attracting potential partners.

Financially, Drive Automotive & Leisure Limited presents a mixed picture. While current assets increased slightly to £230,000, net assets have dramatically decreased to just £570, a significant drop. Bank borrowings have surged by a staggering 2,400% to £240, and cash reserves have fallen by 65% to £24,000. Creditors have also increased substantially, rising by 33% to £200,000. The company’s average number of employees has halved to just two. With no auditor mentioned, the figures are unaudited. The sharp decline in equity and cash reserves suggests the company is facing financial pressures, possibly burning through cash faster than it’s generating revenue. The increase in bank borrowings indicates a reliance on debt to cover expenses.

Registered in England/Wales under the registration number 07398509, with a registered address at TN28 8XU, England, New Romney, Kent, The Broadview Centre Learoyd Road, Mountfield Industrial Estate.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.