Stratum Drilling Solutions Ltd

Stratum Drilling Solutions Ltd, based in Grangemouth, UK, is a small, active company founded seven years ago. With eight employees and £2,203,380 in assets, it operates from a virtual address – a bit unusual as 200 companies are registered at the same location. The company is owned and directed by Allen Wayne and Robertson Andrew Gilmour. It regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 129 months of import activity and 23 months of export activity recorded.

The company's website highlights its role as a distributor and supplier of drilling equipment, partnering with experts in the drilling industry. It also emphasizes quality and support, offering a range of products for various sectors, including oil, gas, construction, and mining. A key aspect is the promotion of its Mitsubishi Tophammer products, positioning them as a cost-effective choice for the UK market. The website also features news and updates, including posts about prepared manual grout pumps and a Q&A with a drilling expert.

Financially, Stratum Drilling Solutions Ltd demonstrates a mixed picture. Current assets grew by 7.9% to £2,200,000, while net assets increased by 19% to £1,400,000. Bank borrowings decreased by 60% to £7,000, and cash reserves jumped 76% to £640,000. Trade payables decreased by 17%, suggesting improved debt management. However, trade debtors dropped by 23%, which could indicate challenges in collecting payments. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in debtors is something to keep an eye on. The unaudited accounts, without a named auditor, rely on director-reported data.

The increase in the number of employees reported (from 8 to 13) is a notable trend, suggesting expansion or increased workload. Whether this growth is sustainable and profitable remains to be seen, but the company appears to be navigating the market with a focus on quality and partnerships.

Registered in Scotland under the registration number SC577178, with a registered address at FK3 8WX, Scotland, Grangemouth, Unit 4b Gateway Business Park, Beancross Road.

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