Consortium Drilling Limited

Consortium Drilling Limited is a small, active holding company based in Sheffield, UK. Founded three years ago in June 2021, it employs just three people and holds £977,179 in assets. The company operates from a virtual address – a red flag as 101 other companies are registered at the same location – and is overseen by three directors and three owners. It's a regular importer, specializing in machinery, boilers, and mechanical appliances; parts, with five months of recent import activity.

The company’s website reveals a much larger operation. Consortium Drilling positions itself as the UK’s leading onshore drilling contractor, offering a wide range of services including drilling and completions, workovers, plug and abandonment, and integrated services. It caters to diverse sectors like geothermal, underground gas storage, lithium extraction, and even geological disposal facilities. The site emphasizes expertise, sustainability, and a century of combined experience within its leadership teams. It’s clear they're aiming for prestige and a global reach, despite their small size.

Financially, Consortium Drilling Limited presents a mixed picture. While bank borrowings remained stable at £250,000, cash reserves jumped a significant 150% to £260,000. However, net assets dramatically increased by 4,200% to £1,600,000 – a remarkable turnaround. Creditors decreased by 17%, suggesting improved debt management. Trade debtors, however, increased by 280%, which could indicate difficulties in collecting payments. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the large increase in equity is notable. No auditor is mentioned, likely due to the company’s exemption as a small entity.

The company’s growth in net assets is impressive, but the increase in trade debtors warrants closer attention. While the company appears to be financially healthy overall, it’s important to monitor its cash flow and payment collection processes.

Registered in England/Wales under the registration number 13475714, with a registered address at S11 8YZ, England, Sheffield, South Yorkshire, 5 Westbrook Court, Sharrow Vale Road.

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