DRIVER PROJECT SERVICES LIMITED

Credit Opinion: CONDITIONAL

Driver Project Services Limited is an active private limited company incorporated in 1993, with statutory filings up to date and no insolvency proceedings. The business operates in engineering-related scientific and technical consulting (SIC 71122 and 71129). Two corporate entities, Driver Group Plc and Diales Group Plc, are recorded as persons with significant control, each holding over 75% of shares and voting rights with rights to appoint and remove directors. Issued share capital is nominal at £786.

The company cannot be approved for unconditional lending on the information provided. No balance sheet, profit and loss, turnover, or cash flow figures were included in the data, so debt service capacity cannot be assessed. Any facility should be conditional on receipt and satisfactory review of the latest statutory accounts (year ended 30 September 2025), recent management accounts, and confirmation of whether either parent Plc provides a guarantee, security, or other group support.

Financial Strength

Cannot be determined from the data supplied. The nominal share capital of £786 provides a minimal equity cushion, and no figures are available for fixed assets, current assets, current liabilities, net assets, shareholders’ funds, or retained profits. Corporate ownership by Plc entities may indicate access to group resources, but this is not a substitute for the company’s own balance sheet strength and must be evidenced through the filed accounts.

Cash Flow Assessment

No liquidity, working capital, or cash flow data was provided. It is not possible to assess cash at bank, debtor collection, creditor payment terms, or operating cash flow against proposed debt service. Engineering consultancy businesses commonly carry work-in-progress and debtor balances; a review of debtor ageing, unbilled revenue, and net current assets would be required before evaluating repayment ability.

Monitoring Points

• Receipt and review of statutory accounts for the year ended 30 September 2025 and all subsequent filings.
• Confirmation of any parental guarantee, cross-company security, or group treasury support from Driver Group Plc or Diales Group Plc.
• Trade debtor ageing, concentration, and collectability.
• Order book visibility and pipeline for engineering consultancy services.
• Conduct of existing banking facilities and compliance with any financial covenants.
• Continued Companies House filing compliance (confirmation statement next due 12 February 2027; accounts next due 30 June 2027 per record).