Danum Well Services Limited

Danum Well Services Ltd from Doncaster, UK, is a small, active company founded 25 years ago in 1999. With just four employees and £2,115,338 in assets, it's a solo-founded operation led by three directors and two owners. The company operates in the support activities for petroleum and natural gas extraction industries and is a regular exporter of iron or steel products, with 118 months of export activity recorded, the latest in February 3025. It also imports basic metal tools and utensils, though irregularly, with its last import operation in September 2017.

The company's website, salesdanumwellservices.com, highlights its expertise in well intervention equipment, particularly slicklines, wirelines, and downhole tools. It offers a range of services, including testing, lubrication, and even calculator apps for its customers. The site emphasizes its commitment to quality, with products tested and certified by an independent laboratory, and boasts a state-of-the-art laboratory for product development. The company even offers a free inspection and report service for its wire and strand supplies.

Financially, Danum Well Services Ltd presents a mixed picture. Creditors have risen significantly, up 39%, to £1,200,000, while cash reserves have decreased by 9.5% to £1,000,000. Bank borrowings have also decreased by 27% to £94,000. The company's net assets have increased by 24% to £1,100,000. 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 remain agile, but the increase in creditors raises questions. There is no auditor mentioned, likely due to its small size, and the figures rely on unaudited statements.

Despite the mixed financials, Danum Well Services Ltd appears to be a stable, long-standing business with a specialized product offering. The company’s focus on quality and customer support, combined with its expertise in well intervention equipment, suggests it has carved out a niche in the petroleum and natural gas industry.

Registered in England/Wales under the registration number 03788445, with a registered address at DN9 3RH, England, Doncaster, Unit 10, Avro Business Park First Avenue, Finningley.

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