Driftworks LTD

Reference number: 695261

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When driftworks.com first appeared online, and whether it can receive email
  • What kind of line 0121 792 2000 is
  • Who else gives the postcode B11 2LQ
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Other names (12)

If you were contacted under any of these names, it is this firm.

  • driftworks.com Trading name
  • HSD Coilovers Trading name
  • hsdcoilovers.com Trading name
  • HSD Europe Trading name
  • Nardi Personal UK Trading name
  • nardiworld.com Trading name
  • Wisefab Suspension UK Trading name
  • wisefabworld.com Trading name
  • work-wheels.co.uk Trading name
  • WORK wheels UK Trading name
  • workwheelsuk.com Trading name
  • workwheelsworld.com Trading name

FCA permissions and consumer protection

  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (1 permission)
  • Credit Broking

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number
05278259
Company status
Active
Company type
Private limited company
Incorporated
4 November 2004 (21 years old)
Registered office
Unit 7 Tyseley Industrial Estate, Seeleys Road, Tyseley, Birmingham, B11 2LQ
Nature of business
  • Wholesale trade of motor vehicle parts and accessories (SIC 45310)
  • Retail trade of motor vehicle parts and accessories (SIC 45320)
  • Retail sale of clothing in specialised stores (SIC 47710)

Directors and company secretaries

Name Role Born Appointed Other companies
Philip John Morrison Director Jun 1977 26 May 2005 None
James Robinson Director Feb 1977 26 May 2005 None
James Robinson Secretary Not published 26 May 2005 None

In the full report: every company its directors have run

  • Confirmation that these 2 directors run no other company
  • All 3 people who have been directors, with their dates
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Filed accounts and finances

Year to 31 March 2025Small company accountsNot audited

Net assets

£637k

+11% from £575k

Cash at bank

£63.0k

+23% from £51.2k

Employees (average)

15

−17% from 18

Owed within a year

£392k

+41% from £277k

Assets and liabilities

In the full report: all 6 years of accounts

  • Every year from 2020 to 2025
  • The chart, over every year
  • Every filed figure, year by year
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About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 05278259. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Driftworks’s history from the FCA register and Companies House, newest first.

Key events (5) All events (22)

2016

6 April 2016

  • James Robinson gained significant control
  • Philip John Morrison gained significant control

Companies House

2015

16 July 2015

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

2004

4 November 2004

  • Incorporated at Companies House

Companies House

In the full report: all 22 events

  • All 22 events in its history (5 shown here)
  • Every director appointment and resignation: 2
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Firms connected to Driftworks

Other FCA-listed firms that share a director, phone number or address with Driftworks. A link shows who the firm is tied to, not whether either can be trusted.

connected firm
1
share its postcode
1

In the full report: the connected firm, named

  • How it is linked: the same postcode (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Driftworks

Other firms of the same type (car dealer), nearest first.

In Birmingham

A J Trading (Midlands) LtdBirminghamAuthorisedAce4cars LtdBirminghamAuthorisedAny Car Group LimitedBirminghamAuthorisedAssured Cars Supermarket LimitedBirminghamAuthorisedAsu Cars LimitedBirminghamAuthorisedAuto Smartltd LtdBirminghamAuthorised

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Driftworks

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • Every company its directors have run, named
  • 3 background checks on its contact details
  • 6 years of accounts, charted
  • All 22 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Driftworks LTD FCA authorised?
Yes, Driftworks LTD (FRN 695261) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since July 2015 and works as a car dealer. The FCA has placed no limits on its permissions.
What is Driftworks’ phone number and website?
The FCA register lists the phone number 0121 792 2000 and the website driftworks.com for Driftworks. If you were given different contact details, use these to check with the firm before going any further.
Is Driftworks a scam or clone?
Driftworks is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Driftworks?
Its FCA permissions do not allow it to hold or control client money. Protection depends on which product you hold and how Driftworks handles your money, so check the specific product before you commit. You can also refer complaints about Driftworks to the Financial Ombudsman Service, free of charge.
Who owns Driftworks?
Companies House lists 2 people with significant control of Driftworks: Mr James Robinson (significant influence or control) and Mr Philip John Morrison (significant influence or control).
Who runs Driftworks?
Companies House lists 2 directors of Driftworks: Philip John Morrison and James Robinson.
How long has Driftworks been in business?
The company was formed on 4 November 2004, and has held its current FCA authorisation since July 2015.
What do Driftworks’ latest accounts show?
Its latest accounts, to 31 March 2025, show net assets of £637k (+11% from £575k) and cash at bank of £63.0k (+23% from £51.2k).
Does Driftworks use any other names?
It trades as driftworks.com, HSD Coilovers, hsdcoilovers.com, HSD Europe and Nardi Personal UK, and 7 more names.

Sources and links

The full report on Driftworks LTD

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