Drive (edgware) Ltd.

Drive (Edgware) Ltd, based in Stanmore, UK, is a small, family-run business with an active status, having been established 24 years ago. Employing just three people, the company holds assets valued at £2,761,804. It operates from a virtual address—a fact highlighted by the presence of fifty other companies registered at the same location—and is overseen by three directors and two owners. The business is irregular importer of furniture, lighting, and prefabricated buildings, with recent activity recorded just two months ago.

The company’s website is minimal, offering little insight into its operations beyond a listing on business directories. It appears to focus on construction-related activities, specifically “other specialised construction activities n.e.c.”, suggesting a niche service rather than a broad retail presence. There’s no e-commerce functionality visible, indicating a business-to-business model rather than direct sales to consumers.

Financially, Drive (Edgware) Ltd presents a mixed picture. While cash bank on hand increased by a healthy 4.5% to £1.1 million, current assets overall decreased by 7.5% to £2.8 million. Debtors have also fallen significantly, dropping 14% to £1.7 million, which could indicate improved collection practices. However, creditors have seen a more substantial decline of 27%, to £710,000, and property, plant, and equipment has also fallen by 25%, suggesting a possible need for investment. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decrease in equity raises questions. With no auditor mentioned, the financial statements are unaudited.

The company’s irregular import activity, coupled with the decrease in property and equipment, suggests it may be facing challenges in maintaining a steady flow of materials. The family-run nature of the business, however, could provide stability and resilience in the face of these pressures.

Registered in England/Wales under the registration number 04119206, with a registered address at HA7 2DT, Stanmore, Middlesex, 2 Mountside.

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