The Prime Drive Watford Ltd
Reference number: 1040992
Instant download
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.
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Phone number
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Address
Unit 1 C P House, Otterspool Way, Watford, Hertfordshire, WD25 8JJ, United Kingdom
In the full report: 3 background checks
- When theprimedrive.co.uk first appeared online, and whether it can receive email
- What kind of line 07939 464408 is
- Who else gives the postcode WD25 8JJ
Other names (1)
If you were contacted under any of these names, it is this firm.
- Prime Drive Trading name: A name it trades under now.
FCA permissions and consumer protection
- Lend or arrange credit No FSCS coverConsumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
- Complaints Ombudsman, freeYou can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (3 permissions)
- Credit Broking
- Debt Adjusting
- Debt-counselling
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
- 16506799 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 9 June 2025 (1 year old)
- Registered office
- Unit 1 Cp House,, Otterspool Way, Watford, WD25 8HU, United Kingdom
- Nature of business
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- Sale of used cars and light motor vehicles (SIC 45112)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Devang Patel | Director | Aug 1988 | 9 Jun 2025 | 5 other companies |
| Suchitaben Devang Patel | Director | Jun 1988 | 25 Jun 2025 | 1 other company |
Other companies run by these 2 directors
A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.
- other companies
- 5
- still active
- 4
- went insolvent
- 1
In the full report: all 5 companies, named
- What each company does, and whether it is still trading
- Which of these 2 directors sit on each board, and since when
- The one that went into liquidation or administration
- The 1 company these 2 directors run together
Filed accounts and finances
Net assets
£26.8k
No earlier figure to compare
Cash at bank
£68.3k
No earlier figure to compare
Employees (average)
0
No earlier figure to compare
Owed within a year
£607k
No earlier figure to compare
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 16506799. Figures are exactly as filed; nothing is estimated.
Key dates in its history
The Prime Drive Watford’s history from the FCA register and Companies House, newest first.
2025
30 October 2025
- Regulated by the FCA from this date
- Became authorised by the FCA
FCA register
9 June 2025
- Incorporated at Companies House
- Devang Patel took control (75–100% of shares)
Companies House
In the full report: all 9 events
- All 9 events in its history (4 shown here)
- Every director appointment and resignation: 2
Firms like The Prime Drive Watford
Other firms of the same type (car dealer), nearest first.
In Watford
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 The Prime Drive Watford
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- 5 other companies its directors have run, named
- 3 background checks on its contact details
- All 9 events in its history
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Frequently asked questions about this firm
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What do The Prime Drive Watford’s latest accounts show?
Does The Prime Drive Watford use any other names?
Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- Complaints the Financial Ombudsman Service can help with financial-ombudsman.org.uk
- Report a scam to the FCA fca.org.uk