Intelligent Drilling Tools Limited

Intelligent Drilling Tools Ltd from Sheffield UK is a small holding company with an active status, established 16 years ago. The company holds £1,137,423 in assets and operates from a virtual address, a detail flagged by the presence of eleven companies registered at the same location. It's managed by four directors and has one owner, although the list of owners changed one year ago. The company imports machinery, boilers, and mechanical appliances; parts irregularly, with the last import operation occurring two months ago, and exports the same items regularly, with the last export operation happening three months ago.

The company’s website is currently unavailable, making it difficult to assess its online presence and sales channels. It’s unclear if the company operates an e-commerce site or relies solely on business-to-business sales.

Financially, Intelligent Drilling Tools Ltd presents a mixed picture. While cash reserves have increased dramatically, soaring 43,000% to £1,100,000, net assets have also seen a substantial increase, jumping 370% to £1,100,000. However, bank borrowings have decreased by 37%, and trade debtors have risen significantly, increasing by 330%. Creditors have also decreased, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit. The accounts are unaudited.

The company's financial data indicates a period of significant change. The substantial increase in cash reserves could be the result of a successful export period or a one-off investment. The rise in trade debtors, however, could signal potential payment issues with customers. The company’s small size provides agility, but the fluctuations in key financial metrics warrant close monitoring.

Registered in England/Wales under the registration number 06767366, with a registered address at S11 8YZ, Sheffield, South Yorkshire, 2 Westbrook Court, Sharrow Vale Road.

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