Easi-Drive Limited
Registered name: EASI-DRIVE LIMITED
Part of Commodore Limited groupEasi-Drive Limited made £17m revenue and £1.9m profit in the year to 31 Mar 2023.
Easi-Drive Limited’s revenue fell 6% to £17m in the year to 31 Mar 2023, with £1.9m profit and 289 employees. The company is classified under “renting and leasing of cars and light motor vehicles” and is based in Birmingham; we hold 3 years of its filed accounts.
- Status
- In Administration
- Location
- Birmingham
- Age
- 27 yrs · since 1999
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £10.6m | £18m | £17m |
| Cost of sales | −£10.1m | −£10.1m | −£8.8m |
| Gross profit | £539k | £7.9m | £8.1m |
| Operating profit | −£7.2m | −£3.4m | −£4.1m |
| Profit before tax | −£7.2m | −£3.4m | −£5m |
| Profit after tax | −£7m | −£3.9m | £1.9m |
| Profit (best available) | −£7m | −£3.9m | £1.9m |
| Employees (average) | 362 | 301 | 289 |
| Ratios | |||
| Profit margin | −66% | −21.6% | 10.9% |
| Gross margin | 5.1% | 44% | 48% |
| Revenue per employee | £29.4k | £59.9k | £58.7k |
| Profit per employee | −£19.4k | −£12.9k | £6.4k |
| Growth (year on year) | |||
| Revenue growth | — | ▲69.7% | ▼6% |
| Headcount growth | — | ▼16.9% | ▼4% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jan 2023 | Accounts · bulk data Jan 2023 | Accounts · bulk data Apr 2024 |
How the business works
- Profit margin
- 10.9%
- Profit ÷ revenue.
- Gross margin
- 48%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £58.7k
- Revenue ÷ average employees.
- Profit per employee
- £6.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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 —
- Cash at bank
- —
- Now —
- Headcount
- ▼4%
- Now 289
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Commodore Limited (registered outside the UK register)ultimate parent75–100%
- Edam Group Limited75–100%
- Easi-Drive Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Garvins Law LimitedRev. £2.5m · Profit £125k
- Credit Repair LtdIn AdministrationFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2023 (profit £1.9m), from the Companies House accounts bulk data published Apr 2024. Spotted an error? Request a correction.
Updated from Companies House on 19 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.