Driveshaft Services Limited

Driveshaft Services Limited is a small, holding company based in Bridgend, UK, with an active status. Founded 27 years ago in 1998, the company employs 20 people and holds £3,126,834 in assets. It’s managed by four directors and one owner, with a real registered address. Driveshaft Services regularly imports machinery, boilers, and mechanical appliances – parts, with 8 months of import activity recorded, the latest in April 2024.

The company’s website reveals a specialist engineering business focused on driveshaft, hydraulic, and mechanical repairs. It’s proud to have achieved ISO 9001 registration, ensuring quality assurance in its services. Driveshaft Services also offers OE approval, enabling it to provide a complete service including repair, remanufacture, and modification for various sectors – industrial, road, offroad, and performance. Beyond repairs, it has a parts department with a vast range of spares and offers bespoke manufacturing and testing services.

Financially, Driveshaft Services Limited shows a mixed picture. Current assets increased by 20% to £3,100,000, while net assets rose 14% to £3,100,000. Cash reserves increased by 22% to £2,500,000, a positive sign. However, bank borrowings increased by 31% to £650,000, and trade creditors surged by 44% to £220,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the increase in creditors suggests a need to manage short-term obligations. The decrease in average employees from 20 to 16 is also noticeable. With no auditor mentioned, the figures are unaudited.

Overall, Driveshaft Services Limited appears to be a stable, albeit growing, business. Its focus on specialist engineering and quality assurance positions it well in its niche market, but it’s important to keep an eye on its short-term financial obligations.

Registered in England/Wales under the registration number 03559460, with a registered address at CF33 6BZ, Wales, Bridgend, Mid Glamorgan, 29 Sturmi Way, Village Farm Industrial Estate, Pyle.

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