Drill Store Uk Limited

Drill Store Uk Ltd from Chesterfield UK is a small, family business founded 18 years ago, currently active and employing four people. With £696,404 in assets and a real address, the company operates with three directors and two owners. It’s a regular importer of basic metal tools and utensils, having imported for 148 months, and a regular exporter of machinery, boilers, and mechanical appliances; parts, with 38 months of export activity.

The company's website highlights its role as a source and supply company for the UK drilling industry, primarily distributing for brands like Boart Longyear, Bulroc, Robit, Monark, and Halco Rocktools. Beyond standard items, Drill Store UK offers engineering resources and can manufacture bespoke items. It caters to a wide range of drilling requirements, offering next-day delivery throughout the UK. The website also details a focus on integral drill steels and drilling supplies.

Financially, Drill Store Uk Ltd shows some concerning trends. While cash bank on hand increased by a healthy 13% to £480,000, current assets decreased by 4.4% to £700,000. Trade debtors dropped by 35% to £140,000, which is good, but creditors also fell significantly—by 38% to £140,000. Perhaps most notably, net assets increased by 8.8% to £930,000. The company meets the criteria for a small business, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is likely due to its small size and exemption from an audit.

Overall, Drill Store Uk Ltd appears to be holding its own, but the decrease in current assets warrants attention. The company’s focus on specialized drilling equipment and its strong supplier relationships suggest a solid foundation, but managing cash flow will be crucial for continued success.

Registered in England/Wales under the registration number 06053487, with a registered address at S44 5JX, England, Chesterfield, Unit 7 Wilson Business Park Harper Way, Markham Vale.

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