Downhole Tools International Limited

Downhole Tools International Ltd, based in Poole, UK, is a sizable company operating as a holding company with an active status. Established fifteen years ago in 2009, the firm employs thirty-five individuals and holds £3,495,134 in assets. It has a real address and is managed by four directors and one owner. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts—with nineteen months of import activity and fifty-four months of export activity recorded.

The company’s website reveals a focus on providing innovative downhole tools for the energy sector. DTI caters to oil and gas, gas storage, carbon capture and storage (CCUS), hydrogen storage, and geothermal applications. They offer solutions ranging from slickline and wireline tools to coiled tubing tools, emphasizing practical experience and technical expertise. Recent technological advancements include a safety valve for hydrogen injection wells, high-pressure coiled tubing connectors, and expansion thrutubing technology using additive manufacturing. The website also showcases a commitment to quality and reliability, with a track record of delivering solutions to leading operators worldwide.

Financially, Downhole Tools International Ltd presents a mixed picture. While net assets increased by 60%, reaching £2,600,000, cash reserves declined significantly by 68%, falling to £110,000. Bank borrowings have increased substantially, rising by 230% to £1,000,000. Creditors have also increased, rising 13% to £1,100,000. The company’s size—meeting two of three criteria for a large company—suggests a certain level of stability, but the increased borrowing and reduced cash reserves could indicate a need for careful financial management. The company’s accounts were audited by Johnston Carmichael LLP. The sharp increase in interest payable, rising by 150%, is something to watch. The company’s net loss deepened, falling by 110% to -£92,000, which is a concerning trend.

Registered in England/Wales under the registration number 07056359, with a registered address at BH16 5DA, United Kingdom, Poole, 2 Allens Lane.

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