Drvn Advanced Engineering Limited

Drvn Advanced Engineering Ltd from Coventry UK: a small holding company with an active status, was founded three years ago. Confirmation is currently overdue by one month. The company employs 29 people and holds assets worth £3,899,890. It has a real address, five directors, and two owners. It's an irregular importer of electrical machinery and equipment, with one month of imports recorded.

The company operates as a sector-leading engineering consultancy and strategic partner to the automotive industry, specializing in innovative design and manufacture of exclusive, limited-production, high-performance vehicles. It’s a subsidiary of DRVN Automotive Group, recognized globally for its commitment to innovation. DRVN Advanced Engineering provides a comprehensive service, including design, manufacturing, composites, and prototyping, and works with OEMs and Tier 1 suppliers. It even has a purpose-built Research Development Centre for precision engineering.

Financially, Drvn Advanced Engineering Ltd shows some interesting trends. Cash bank on hand has decreased significantly, dropping 99% to just £600, while creditors have fallen by a substantial 60% to £1.2 million. However, current assets have increased by 43% to £3.9 million, and net assets have surged by an impressive 130% to £4.8 million. Debtors have also risen by 40%, suggesting increased sales or extended credit terms. The company’s small size (meeting two of three conditions for a small company) allows for agility. The directors have decided not to make a provision for amortisation with regards intangible assets for this period. Although no auditor is mentioned, the company is likely exempt as a small company.

Overall, Drvn Advanced Engineering Ltd appears to be in a relatively healthy position, with growing assets and increased sales. However, the significant decrease in cash reserves warrants further investigation—perhaps reflecting investments in growth or increased working capital needs.

Registered in England/Wales under the registration number 13418386, with a registered address at CV4 8HS, England, Coventry, 13-13a Westwood Way, Westwood Business Park.

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