Southern Gun Drilling Services Limited

Southern Gun Drilling Services Ltd, located on Bessborough Road in the UK, is a small, active company established fifteen years ago. With seven employees and £201,331 in assets, it operates as a family business and holds a respectable Google rating of 4.0 based on six reviews. The company functions as an irregular importer, primarily dealing in basic metal tools and utensils, with the last import occurring just one month ago. It’s a tight-knit operation, overseen by two directors and two owners.

The company’s website reveals a fascinating connection to Mollart Engineering Chessington Limited. Southern Gun Drilling Services Ltd is currently being acquired by Mollart, with existing customer orders being serviced as normal until March 2025, after which Mollart will take over all drilling services. The website highlights Mollart's extensive facilities and expertise in deep hole drilling and precision subcontract machining, catering to industries like defence, oil & gas, aerospace, and motorsport. It’s a significant shift, with the website emphasizing Mollart’s capabilities and experience, effectively phasing out the Southern Gun Drilling Services brand.

Financially, the picture is mixed. While current assets increased by 20% to £200,000, net assets grew by a more substantial 65% to £100,000. However, cash reserves declined by 38% to £37,000, and bank borrowings decreased by 50%, suggesting a cautious approach to debt. Trade debtors have increased significantly, by 53%, which could be a sign of growth but also potential payment issues. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the fluctuating cash position warrants close monitoring. The lack of an auditor mentioned is typical for a small, audit-exempt company. It seems like the company is doing alright, but the acquisition by Mollart is a big change.

Registered in England/Wales under the registration number 06937204, with a registered address at HA1 3EX, England, Bessborough Road, Harrow Middlesex, 5 Jardine House, Harrovian Business Village.

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