Drillserve Limited

Drillserve Limited, based in Camborne, UK, is a small, family-run business with an active trading status, celebrating 45 years in operation. With six employees and £225,632 in assets, the company is led by three directors and owned by two individuals. It operates from a real address and is regularly importing machinery, boilers, and mechanical appliances—parts, with the latest import activity recorded in April 2024. Export activity is less frequent, occurring just two months ago.

The company's website reveals it's primarily involved in manufacturing machinery for mining, constructing civil engineering projects, and renting out equipment. It’s a niche business, catering to specific industries. While not an e-commerce operation, its website provides details on its services and target markets.

Financially, Drillserve Limited shows a mixed picture. Cash reserves declined by 11% to £130,000, and net assets fell 23% to £48,000. Bank borrowings decreased by 32%, suggesting improved debt management. However, accrued liabilities remained steady, and trade debtors increased by 46%, which could be a cause for concern. The company’s small size—meeting two of three criteria for a small business—helps it remain agile, but the drop in equity warrants attention. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

The company's net current assets also decreased, and the depreciation charge for the year remained steady. It seems like the company is doing okay, but it’s important to keep an eye on its financial trends to ensure long-term stability.

Registered in England/Wales under the registration number 01467644, with a registered address at TR14 0BA, Camborne, Cornwall, Roscroggan Mill, Roscroggan.

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