Acoustic Data Ltd

Acoustic Data Ltd, based in Edinburgh, UK, is a small, active company founded seven years ago. With fourteen employees and £1,519,095 in assets, it operates from a virtual address—a detail that raises some questions—and is led by one director and one owner. The company regularly imports iron or steel products, with 21 months of import activity recorded, and exports optical and medical tools and devices, having exported for 33 months.

The company’s core business revolves around wireless downhole communication and command-driven electromechanical technology for the oil, gas, and underground energy storage industries. Headquartered in Woking, United Kingdom, Acoustic Data specializes in proprietary acoustic telemetry systems, enabling realtime data acquisition and remote equipment control. The company’s website highlights its technology as empowering operators to optimize well performance and reduce costs. Investors include Energy Growth Momentum and Alturki Holding, suggesting external backing. The executive team is led by Mark Tolley, a Petroleum Engineer with extensive experience, alongside Jesse Tolley and Guy Mason, each bringing decades of expertise in their respective fields.

Financially, Acoustic Data Ltd shows some concerning trends. While current assets remain relatively stable at £1.5 million, cash reserves have plummeted by a staggering 96%, leaving just £12,000. Bank borrowings have also decreased, and creditors have increased by 11%. Net assets have fallen by 7%, and the company’s turnover is not mentioned. The decrease in average employees from 14 to 13 is also a slight concern. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the significant drop in cash reserves warrants closer attention. The company is exempt from an audit, so the figures are unaudited.

The company’s reliance on a virtual address, combined with the sharp decline in cash, suggests it might be burning through money. While external investment provides a buffer, Acoustic Data Ltd needs to carefully manage its finances to ensure long-term sustainability.

Registered in Scotland under the registration number SC565097, with a registered address at EH2 4JN, Edinburgh, 4th Floor 115 George Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.