Bluefield Geoservices Ltd

Bluefield Geoservices Ltd, based in Bath, UK, is a small holding company with an active status, established seven years ago in 2018. The company employs seven people and holds assets valued at £1,339,683. It operates from a real address and is overseen by three directors and one owner. Bluefield Geoservices regularly imports and exports optical and medical tools and devices, with five months of import activity and six months of export activity recorded.

The company’s website highlights its focus on geotechnical engineering services, particularly for offshore developments. It offers a range of services, including shallow geotechnical surveys, integrated subsea surveys, and custom technology development—like the ROVcone and BOXcone—aimed at seabed investigation. Bluefield Geoservices emphasizes its multidisciplinary expertise and commitment to data quality, offering solutions from data acquisition to analysis and reporting. The team, comprised of experienced professionals, delivers projects ranging from conventional drill ship operations to state-of-the-art robotic seabed drill rigs.

Financially, Bluefield Geoservices shows some concerning trends. Cash reserves have plummeted by a massive 96%, leaving just £20,000 remaining. Bank borrowings have increased significantly, rising by 200% to £26,000. Creditors have also decreased substantially, dropping by 68% to £360,000, which could indicate improved debt management. However, the decrease in net assets, down 74% to £1,200,000, is a significant red flag. Trade debtors have also decreased, down 10%, suggesting a slowdown in customer payments. The company’s small size (meeting two of three criteria for being a small company) allows for agility, but the sharp decline in equity warrants closer attention. As a small company, Bluefield Geoservices is exempt from an audit, so the figures are unaudited.

Overall, Bluefield Geoservices appears to be facing financial pressures despite its specialized services and experienced team. The company’s focus on offshore geotechnical engineering and custom technologies suggests a niche market, but the declining financial performance indicates a need for careful management and potentially, a reevaluation of its business strategy.

Registered in England/Wales under the registration number 11247049, with a registered address at BA1 5EB, England, Bath, The Guild Hub, High Street.

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