Drive Components Limited

Drive Components Limited, based in Halesowen, UK, is a small, active company founded 23 years ago in 2001. With just two employees and £94,025 in assets, it’s a solo-founded operation managed by a single director and owner, Peter Turner. The company boasts a solid 4.0 Google rating from three reviews and regularly imports electrical machinery and equipment, with seven months of import activity recorded, the last in April 2023.

Drive Components Limited operates in the retail trade of motor vehicle parts and accessories, offering a wide range of couplings, sheaves, and bushings. Its website highlights gear, grid, and tire couplings, alongside heavy-duty and light-duty sheaves, catering to diverse industries. The company emphasizes reliable products, competitive pricing, exceptional service, flexible delivery, and value, showcasing a commitment to customer satisfaction. It even provides detailed catalogs and videos for easy browsing.

Financially, Drive Components Limited presents a mixed picture. Cash bank holdings have seen a dramatic increase, soaring 12,000% to £1,900, a welcome change. However, net assets have decreased slightly to -£64,000, and net current assets liabilities have increased by 23%. Trade creditors have doubled to £22,000, suggesting a reliance on credit. Despite these challenges, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Drive Components Limited appears to be navigating a period of adjustment. While the company's product offerings and customer service are well-regarded, the financial data suggests a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 04284208, with a registered address at B62 9HA, Halesowen, West Midlands, Rear Of 54 Belgrave Road, Blackheath.

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