Borehole Solutions Ltd

Borehole Solutions Ltd from Birmingham, UK, is a small, active company founded ten years ago in 2014. Employing 28 people, the company holds £1,849,819 in assets, though its registered address is likely a virtual one, shared by twenty-one other companies. It's a family business managed by two directors and two owners, boasting a respectable 4.0 Google rating based on four reviews. The company operates in the test drilling and boring industries.

Borehole Solutions Ltd provides a comprehensive range of geotechnical drilling solutions across the UK, catering to various projects from small basement investigations to large stadium developments. Their website highlights services like sonic drilling, cable percussion drilling, and window sampling, alongside equipment hire and calibration. They also offer engineering services and sell specialized drilling equipment like the Eijkelkamp GeoPoint Compact CPT Rig. The company actively seeks accreditation and maintains a "cando" motto, emphasizing flexibility and bespoke solutions. Recent job postings indicate a need for skilled drillers and rig operators.

Financially, Borehole Solutions Ltd shows some concerning trends. Current assets have decreased by 18% to £1,800,000, while net assets have plummeted 69% to just £160,000. Bank borrowings have decreased by 36% to £80,000, but the company’s cash reserves have fallen 66% to £18,000. Trade debtors have decreased by 55% to £490,000. Creditors have increased by 33% to £910,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop suggests potential financial strain. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. The company’s irregular import and export activity, with a focus on machinery and parts, could also be impacting cash flow.

Registered in England/Wales under the registration number 09266910, with a registered address at B1 3ES, England, Birmingham, West Midlands, Sapphire Heights Courtyard, 31 Tenby Street North.

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