Stockton Drilling Limited

Stockton Drilling Ltd from Wakefield UK: a small, holding company with an active status, was founded 23 years ago. Employing 22 people, the company holds £2,586,336 in assets and operates from a real address. With three directors and one owner, Stockton Drilling is an irregular importer of electrical machinery and equipment (one month of imports) and a regular exporter of optical and medical tools and devices (three months of exports).

The company’s website positions Stockton Drilling as a specialist contractor working worldwide in Horizontal Directional Drilling (HDD) and pipeline installations. They design, procure, and install pipelines, offering both open cut and trenchless techniques, and are known for their expertise in Direct Pipe pipeline installations. Stockton Drilling even claims to be the first company worldwide to carry out a Direct Pipe shore approach. Their services extend to civil engineering projects, consultancy, and even disaster recovery for damaged pianos—a surprising, seemingly unrelated venture.

Financially, Stockton Drilling Ltd shows some concerning trends. Current assets decreased by 12% to £2,600,000, while net assets dropped 25% to £1,000,000. Bank borrowings increased by a significant 1,500% to £29,000, and cash reserves fell 76% to £300,000. Creditors, however, decreased by 2.5%, suggesting improved debt management. The company’s small size (meeting two of three conditions for being a small company) allows for agility, but the substantial equity decline raises questions about its long-term stability. Trade debtors have also increased significantly, by 38%, which could be a sign of difficulties in collecting payments. As a small company, Stockton Drilling Ltd is exempt from an audit, so these figures are unaudited.

Overall, Stockton Drilling Ltd appears to be facing financial pressures despite its reputation and specialized services. The inclusion of piano restoration adds a layer of complexity to the business, and whether this diversification helps or hinders its long-term success remains to be seen.

Registered in England/Wales under the registration number 04245895, with a registered address at WF2 7BJ, Wakefield, Unit 15 Navigation Court, Calder Business Park.

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