Reactive Downhole Tools Limited

Reactive Downhole Tools Limited, based in Aberdeen, UK, is a holding company with an active status, established thirteen years ago. The company, employing just four individuals, holds assets valued at £7,631,245. It operates from a real address and is overseen by three directors and two owners. A perfect 5.0 rating on Google, based on one review, speaks to its reputation. The company regularly imports iron or steel products and exports machinery, boilers, and mechanical appliances.

Reactive Downhole Tools specializes in bespoke swellable isolation technology and wellbore clean-up solutions for the oil and gas industry. Its website highlights a commitment to providing quick turnaround solutions and fit-for-purpose systems, often designing and implementing solutions in-house rather than relying on standard catalogues. The company’s CHIMERA and Reflex product ranges cater to open and cased hole completions, workover, and wellbore construction. It has offices in the UK, USA, and UAE, indicating a global reach.

Financially, Reactive Downhole Tools exhibits a mixed picture. While cash and cash equivalents increased significantly by 130%, rising to £390,000, net losses deepened considerably, reaching -£500,000. Bank borrowings increased, suggesting a need for external funding. Creditors also increased, although staff costs rose by 11%, indicating investment in personnel. The company’s assets are substantial, but the widening losses suggest potential challenges in converting those assets into profit. The lack of an auditor mentioned likely reflects its status as a smaller company. The substantial increase in trade debtors, however, could be a cause for concern, indicating delayed payments from customers.

Registered in Scotland under the registration number SC420928, with a registered address at AB23 8GW, Scotland, Aberdeen, Rubberatkins Claymore Avenue, Bridge Of Don.

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