Driver Bidco Limited
Registered name: DRIVER BIDCO LIMITED
Part of Driver Midco Limited groupDriver Bidco Limited made £51.6m revenue and a £1.6m loss in the year to 31 Dec 2024.
Driver Bidco Limited’s revenue grew 26% to £51.6m in the year to 31 Dec 2024, with a loss of £1.6m. The company is classified under “activities of other holding companies” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 4 yrs · since 2022
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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 Dec 2023 | 31 Dec 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £41m | £51.6m |
| Cost of sales | −£27.8m | −£29.4m |
| Gross profit | £13.3m | £22.2m |
| Operating profit | −£333k | £5m |
| Profit before tax | −£2.1m | £1.9m |
| Profit after tax | −£4.5m | −£1.6m |
| Profit (best available) | −£4.5m | −£1.6m |
| Employees (average) | — | — |
| Ratios | ||
| Profit margin | −10.9% | −3.1% |
| Gross margin | 32.3% | 43.1% |
| Growth (year on year) | ||
| Revenue growth | — | ▲25.7% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2025 |
How the business works
- Profit margin
- −3.1%
- Profit ÷ revenue.
- Gross margin
- 43.1%
- 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
- —
- 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
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Driver Midco Limitedultimate parent75–100%
- Driver Bidco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Delivery Associates LimitedRev. £51.6m · Profit £12.5m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit −£1.6m), from the Companies House accounts bulk data published Aug 2025. 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.