Drilling Services Ltd

Drilling Services Ltd from Nottingham UK: a small, active company founded 22 years ago, employs three people, and holds £650,624 in assets. It operates from a virtual address – a point to note as 104 companies are registered at the same location – and is led by one director and owner. Boasting a perfect 5.0 Google rating from nine reviews, the company is a regular importer and exporter of machinery, boilers, and mechanical appliances; parts, with 55 months of import activity and 122 months of export activity recorded, the latest in March 2025.

The company specializes in test drilling and boring, operating within the construction and engineering sectors. While a website isn't available to examine, its business description points towards a B2B focus, supplying equipment and services to other companies rather than directly to consumers. It’s unlikely to be an e-commerce operation.

Financially, Drilling Services Ltd presents a mixed picture. Current assets have decreased by 11%, falling to £650,000, while net assets have also declined by 8.5%, settling at £850,000. Bank borrowings have increased by 5.1%, reaching £10,000, and cash reserves have seen a significant drop of 33%, falling to £320,000. Trade debtors have surged by 93%, suggesting a potential reliance on customer payments, and creditors have remained relatively stable. The company meets the criteria for a small company, with turnover below £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, consistent with its status as a small, exempt company.

Despite the declines in cash and assets, the company’s steady import and export activity, combined with its strong Google rating, suggest a resilient business. The increase in trade debtors could be a temporary fluctuation, or perhaps a strategic move to offer more flexible payment terms to customers. The lack of employees, however, raises questions about its operational capacity and potential for growth. Overall, Drilling Services Ltd appears to be navigating a period of adjustment, maintaining its core business while adapting to changing market conditions.

Registered in England/Wales under the registration number 04687908, with a registered address at NG12 4DG, England, Landmere Lane, Edwalton, Nottingham, Unit 4a Langley House, Wheatcroft Business Park.

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