Rock Drilling Tools Limited

Rock Drilling Tools Limited, based in Dunfermline, UK, is a small, family-run business with an active status. Established 26 years ago in 1999, it employs just two people and holds £286,354 in assets. The company has three directors and two owners, and operates from a real address in Pitreavie Castle. It’s a regular importer, specializing in basic metal tools and utensils, with the last import operation occurring in August 2024.

The company’s website isn’t available, so it’s hard to know exactly what they do, but they operate in the support activities for other mining and quarrying industries. They’re a small company, meeting two of the three conditions for that designation: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Financially, Rock Drilling Tools Limited presents a mixed picture. Cash bank on hand increased by a significant 85% to £210,000, a positive sign of improved liquidity. However, net assets decreased by 21% to £280,000, and trade debtors fell by 78% to just £15,000. Creditors also decreased, but the most notable change is the sharp decline in property, plant, and equipment, dropping by 86% to £34,000. It’s likely the company is trying to manage its costs and improve efficiency, but the decrease in assets could indicate asset sales or depreciation. The company is exempt from an audit as a small company, so the figures are unaudited. Overall, while the increase in cash is encouraging, the decline in assets and net assets warrants closer monitoring.

Registered in Scotland under the registration number SC193787, with a registered address at KY11 8TF, Scotland, Dunfermline, 5 Blackwood Court, Pitreavie Castle.

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