Iam Drive & Survive Limited
Registered name: IAM DRIVE & SURVIVE LIMITED
Part of Institute of Advanced Motorists Limited(The) groupIam Drive & Survive Limited made £812k revenue and a £134k loss in the year to 31 Mar 2023.
Iam Drive & Survive Limited’s revenue fell 6% to £812k in the year to 31 Mar 2023, with a loss of £134k and 0 employees. The company is classified under “driving school activities” and is based in Welwyn Garden City; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Welwyn Garden City, East of England
- Age
- 40 yrs · since 1986
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £865k | £812k |
| Cost of sales | £482k | £615k |
| Gross profit | £384k | £197k |
| Operating profit | −£320k | −£119k |
| Profit before tax | −£334k | −£134k |
| Profit after tax | −£334k | −£134k |
| Profit (best available) | −£334k | −£134k |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | −38.6% | −16.6% |
| Gross margin | 44.3% | 24.2% |
| Growth (year on year) | ||
| Revenue growth | — | ▼6.2% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £56.9k | £58.1k |
| Net assets | −£1.1m | −£1.3m |
| Fixed assets | £2 | £2 |
| Current assets | £370k | £351k |
| Debtors | £271k | £278k |
| Deferred income | £0 | £0 |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 |
How the business works
- Profit margin
- −16.6%
- Profit ÷ revenue.
- Gross margin
- 24.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 34.3%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now −£1.3m
- Cash at bank
- ▲2%
- Now £58.1k
- Headcount
- —
- Now 0
- Deferred income
- —
- Now £0
- Fixed assets
- 0%
- Now £2
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Institute of Advanced Motorists Limited(The)ultimate parent75–100%
- Iam Drive & Survive Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Drive & Survive UK LimitedFigures not disclosed
Sister companies (6)
- Iam Driver Retraining Academy LimitedFigures not disclosed
- Iam Group Services Ltd.Figures not disclosed
- Iam Motoring Trust Trading LimitedFigures not disclosed
- Iam Roadsmart LimitedFigures not disclosed
- Professional Driver Services LtdFigures not disclosed
- The Institute of Advanced Motorcyclists LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 31 Mar 2023 (profit −£134k), from the Companies House accounts bulk data published Dec 2023. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.