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Drilling Information Limited

06595556

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

UNIT 702 SPERRY WAY, STONEHOUSE, GL10 3UT
Incorporated 16/05/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Mr Shawn Shillington

director · Since 30/10/2017

LAWYER

AMERICAN · UNITED STATES · Age 49

Also on 4 other boards

Persons with Significant Control

Former PSCs

Mr Malcolm John Steel

Ceased 30/10/2017

Charges0 outstanding

charge
satisfied

HSBC BANK PLC

Created 14/08/2008Registered 20/08/2008Satisfied 07/06/2018

CompanyRankvs 14579+ SIC 71129 peers
37

Financial strength0th percentile among SIC peers · 0/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.21× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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14579Drilling Information Limited
47
How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

can afford to do so without prejudice to other creditors. The company is reliant on wider group support, which has been received and therefore the Directors are confident that the company remains a going concern. However, despite support being available from the group, the COVID-19 pandemic has created uncertainty with regard to future trading prospects and therefore there is material uncertainty

Key FinancialsYear ending 31/12/2020

Net Worth

-£8.5M

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£8.5M

Working capital

Current Assets

£2.2M

Current Liabilities

£10.8M

Fixed Assets

£21k

Debtors

£2.2M

37avg. employees

Tax at Year End

Corp tax£11k

Balance Sheet

Assets less current liabilities-£8.5M
Prepared with Caseware UK (AP4) 2020.0.247

EstimatesDerived

YearCurrent RatioImplied Profit
20200.21+£293k
20190.09-£20.2M
20186.61—

Derived from filed accounts. Not audited figures.