DRVN ADVANCED ENGINEERING LIMITED Financials
- Company number
- 13418386Copy
Copy - Registered office
- 13-13a Westwood Way, Westwood Business Park, Coventry CV4 8HS
- Incorporated
- 25/05/2021
Company snapshot
- Status
- Active
- Employees
- 38 (2024)
- Latest financial data
- 2024
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2022–2024.
Net Assets
4.92%vs 20232023: £4.78M
Total Assets
47.20%vs 20232023: £8.12M
Cash in Bank
-99.83%vs 20232023: £598.00
Total Liabilities
433.04%vs 20232023: £1.30M
Employees
+6vs 20232023: 32
In 2024, DRVN ADVANCED ENGINEERING LIMITED reported net assets of £5.01M. The same filing shows total assets of £11.95M, cash in bank of £1.00 and total liabilities of £6.94M. Reported headcount was 38 in 2024. Total Liabilities rose from £1.30M in 2023 to £6.94M in 2024 (433.04%). Okredo holds filed figures for 2022–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
4.92%from £4.78M in 2023Year-on-year change
Net Assets as filed for 2022–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures DRVN ADVANCED ENGINEERING LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+141%vs 2022+55.2% a year compound (CAGR)
Cash in Bank
-100%vs 2022-99.5% a year compound (CAGR)
Total Assets
+63.8%vs 2022+28% a year compound (CAGR)
Total Liabilities
+135%vs 2022+53.4% a year compound (CAGR)
Employees
+31%vs 2022+9Biggest increase
Net Assets+141%
£2.08M in 2022 to £5.01M in 2024
Biggest decrease
Cash in Bank-100%
£41.49K in 2022 to £1.00 in 2024
DRVN ADVANCED ENGINEERING LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from DRVN ADVANCED ENGINEERING LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 41.93%2024
- Liabilities to total assets
- 58.07%2024
Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for DRVN ADVANCED ENGINEERING LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2022 | 2023 | 2024 |
|---|---|---|---|
| Net Assets£ | 2.08M | 4.78M | 5.01M |
| Total Assets£ | 7.30M | 8.12M | 11.95M |
| Cash in Bank£ | 41.49K | 598.00 | 1.00 |
| Total Liabilities£ | 2.95M | 1.30M | 6.94M |
| Employees | 29 | 32 | 38 |
DRVN ADVANCED ENGINEERING LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has DRVN ADVANCED ENGINEERING LIMITED filed financial statements?
Yes. Okredo holds filed figures for DRVN ADVANCED ENGINEERING LIMITED covering 2022–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did DRVN ADVANCED ENGINEERING LIMITED report in 2024?
DRVN ADVANCED ENGINEERING LIMITED reported net assets of £5.01M for 2024. That compares with £4.78M in 2023, a change of 4.92%.
What total assets did DRVN ADVANCED ENGINEERING LIMITED report in 2024?
DRVN ADVANCED ENGINEERING LIMITED reported total assets of £11.95M for 2024. That compares with £8.12M in 2023, a change of 47.20%.
What cash in bank did DRVN ADVANCED ENGINEERING LIMITED report in 2024?
DRVN ADVANCED ENGINEERING LIMITED reported cash in bank of £1.00 for 2024. That compares with £598.00 in 2023, a change of -99.83%.
How many people does DRVN ADVANCED ENGINEERING LIMITED employ?
DRVN ADVANCED ENGINEERING LIMITED reported 38 employees in 2024, compared with 32 in 2023.
How have DRVN ADVANCED ENGINEERING LIMITED financials changed over the last 3 years?
Between 2022 and 2024, DRVN ADVANCED ENGINEERING LIMITED's net assets rose by 141%, cash in bank fell by 100%, total assets rose by 63.8% and total liabilities rose by 135%. Net assets compounded at 55.2% a year across the two years to 2024, from £2.08M to £5.01M. Reported headcount went from 29 in 2022 to 38 in 2024 (+9).
Which years of DRVN ADVANCED ENGINEERING LIMITED financial data are available?
Okredo holds reported figures for the years 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.