Rigquip International Ltd.

Rigquip International Ltd, based in Aberdeen, UK, is a small holding company with an active status, established eighteen years ago in 2006. The company employs just two people and operates from a virtual address – a fact highlighted by the presence of 145 other companies registered at the same location. It’s overseen by three directors and one owner, though the owner list may not be exhaustive.

The company’s core business revolves around importing and exporting machinery, boilers, and mechanical appliances, including parts. It’s a regular importer, with 90 months of import activity recorded, the latest being July 01, 2024, and a regular exporter, with 39 months of export activity, the last on November 01, 2024. Rigquip operates in the ‘other business support service activities n.e.c.’ industry, offering drilling equipment, engineering, service, and parts. Its website showcases a range of services, from equipment engineering and maintenance to parts sales and reactivation support, with a focus on drilling equipment. The site even mentions a partnership with NOV, a major equipment manufacturer.

Financially, Rigquip’s recent report reveals some concerning trends. While cash bank on hand decreased by 43% to £4,600, debtors remained steady at £370,000. Creditors also decreased slightly, to £72,000. However, accumulated depreciation and impairment of property, plant, and equipment remained constant at £6,400. The company’s net assets and liabilities also stayed the same at £300,000. These figures indicate that the company is meeting the criteria to be a small company, with turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the financial data is unaudited.

Overall, Rigquip International Ltd seems to be holding steady, but the decrease in cash reserves and lack of profit raise questions about its long-term financial health. The company’s reliance on a virtual address and the absence of a detailed ownership structure also warrant further scrutiny.

Registered in Scotland under the registration number SC305561, with a registered address at AB10 1HA, Aberdeen, Johnstone House, 52-54 Rose Street.

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