DRIVE MEDICAL LIMITED
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Cash
£10m
+66.2% highest in 3 filed years
Net assets
£7m
-46.1% lowest in 3 filed years
Employees
599
-7.6% lowest in 3 filed years
Profit before tax
-£6.3m
-57.2% lowest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £111,338,000 | £108,545,000 | £105,957,000 | -2.4% | |
| Operating profit | £196,000 | -£1,541,000 | -£3,757,000 | -143.8% | |
| Profit before tax | -£1,676,000 | -£4,003,000 | -£6,292,000 | -57.2% | |
| Net profit | -£2,227,000 | -£4,038,000 | -£6,020,000 | -49.1% | |
| Cash | £8,447,000 | £6,025,000 | £10,013,000 | +66.2% | |
| Total assets less current liabilities | £22,648,000 | £39,989,000 | £33,528,000 | -16.2% | |
| Net assets | £17,089,000 | £13,051,000 | £7,031,000 | -46.1% | |
| Equity | £17,089,000 | £13,051,000 | £7,031,000 | -46.1% | |
| Average employees | 639 | 648 | 599 | -7.6% | |
| Wages | £21,968,000 | £23,330,000 | £24,676,000 | +5.8% | |
| Directors' remuneration | £1,114,000 | £1,321,000 | £1,180,000 | -10.7% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 0.2% | -1.4% | -3.5% | |
| Net margin | -2.0% | -3.7% | -5.7% | |
| Return on capital employed | 0.9% | -3.9% | -11.2% | |
| Gearing (liabilities / total assets) | 72.3% | 76.6% | 87.9% | |
| Current ratio | 1.04x | 2.43x | 1.83x | |
| Interest cover | 0.10x | -0.63x | -1.48x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 4 times since incorporation — the current trading name was adopted 2026-07-17
- DRIVE MEDICAL LIMITED 2026-07-17 → present
- DRIVE DEVILBISS HEALTHCARE LIMITED 2016-08-01 → 2026-07-17
- DRIVE MEDICAL LIMITED 2008-01-21 → 2016-08-01
- MEDICARE TECHNOLOGY LIMITED 2001-11-21 → 2008-01-21
- LUPFAW 64 LIMITED 2001-10-08 → 2001-11-21
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors, having reviewed the forecast results and financial position of the Group and Company, are satisfied that the Group and Company have sufficient financial support and resources to continue in operation for the foreseeable future. Therefore, they continue to adopt the going concern basis of accounting in preparing the Financial Statements.”
Group structure
- DRIVE MEDICAL LIMITED · parent
- Endres UK Limited 100%
- Mountway Holdings Limited 100%
- Aquajoy Bathlifts Limited 100%
- Mountway Limited 100%
- Specialised Orthotic Services Limited 100%
- Park House Healthcare Limited 100%
- Sidhil Group Limited 100%
- Drive Devilbiss Sidhil Ltd 100%
Significant events
- “On 3rd November 2025, ultimate parent company (CD&R Reign Topco Inc) and all of its worldwide subsidiary entities were sold to Kingswood Capital Management LP.”
- “The repayment of the Commercial Loan was made in January 2026 and at the same time the RCF ceased to be in place and the associated securities that Lloyds held were withdrawn.”
- “The acquisition of the Ultimate Parent company by Kingswood Capital Management LLC also led to the repayment of the ING facilities that had been in place since 2018.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADAMS, Simon Charles Rouen | Secretary | 2020-10-01 | — | — |
| ABRAHAMS, Grant | Director | 2017-10-01 | Jun 1979 | British |
| ADAMS, Simon Charles Rouen | Director | 2020-10-01 | Jun 1972 | British |
| HARTLEY, Gemma | Director | 2018-08-01 | Sep 1978 | British |
| MCGLEENAN, Richard James | Director | 2001-11-16 | Jul 1970 | British |
| THOMPSON, Mark | Director | 2002-01-14 | Aug 1964 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HAUGHEY, James Robert | Secretary | 2019-02-28 | 2020-08-31 |
| O'KEEFE, Amy | Secretary | 2017-07-24 | 2020-06-30 |
| SAN ANTONIO, Thomas | Secretary | 2007-12-20 | 2017-07-24 |
| TASKER, Roger, Mr. | Secretary | 2001-11-20 | 2002-01-14 |
| WAINE, Michael Thomas | Secretary | 2002-01-14 | 2019-02-28 |
| LUPFAW SECRETARIAL LIMITED | Corporate Secretary | 2001-10-08 | 2001-11-20 |
| BEAUMONT, Kevin | Director | 2002-03-18 | 2017-06-27 |
| BEAUMONT, Trevor | Director | 2011-03-18 | 2014-04-04 |
| DIAMOND, Harvey | Director | 2007-12-20 | 2020-02-27 |
| HAUGHEY, James Robert | Director | 2019-02-28 | 2020-08-31 |
| HOUGHTON, John | Director | 2002-01-14 | 2002-03-18 |
| KOLODNY, Richard | Director | 2007-12-20 | 2017-07-24 |
| NEWBY, Timothy | Director | 2016-10-17 | 2024-08-08 |
| PERRY, Daniel James | Director | 2016-08-01 | 2017-03-15 |
| SCHWARZ, Jeffrey | Director | 2007-12-20 | 2022-03-31 |
| TASKER, Roger, Mr. | Director | 2001-11-16 | 2005-01-07 |
| TAYLOR, Jeremy Paul | Director | 2016-08-01 | 2018-11-05 |
| TURNER, Graham Thomas | Director | 2017-10-05 | 2022-08-31 |
| WAINE, Michael Thomas | Director | 2002-01-14 | 2019-02-28 |
| LUPFAW FORMATIONS LIMITED | Corporate Director | 2001-10-08 | 2001-11-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cd&R Reign Topco Inc | Corporate entity | Appoints directors (as firm), Significant influence (as firm) | 2017-01-03 | Active |
| Drive International, Llc | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2017-01-03 |
Filing timeline
Last 20 of 169 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-29 RESOLUTIONS Resolution
- 2026-07-17 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-29 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-07-17 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-07-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-14 | AA | accounts | Accounts with accounts type group | |
| 2026-02-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-03 | AA | accounts | Accounts with accounts type group | |
| 2025-11-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-11 | AA | accounts | Accounts with accounts type group | |
| 2024-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-08-18 | AA | accounts | Accounts with accounts type group | |
| 2023-07-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-18 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.