Intelligent Drilling Tools Limited
06767366
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 28/09/2025
Due 12/10/2026
Industry
Officers
director · Since 08/12/2008
MANAGER
BRITISH · SCOTLAND · Age 68
Also on 1 other board
director · Since 08/12/2008
ENGINEER
BRITISH · UNITED KINGDOM · Age 74
Also on 5 other boards
Persons with Significant Control
Innovar Solutions As
Varabergmyra, 18, 4051 Sola
Reg: 988470376 · Norwegian Company Register · As Private Limited Company
Notified 19/09/2023
Former PSCs
Mark Alexander Russell
Ceased 19/09/2023
CompanyRankvs 16139+ SIC 82990 peers76
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2024
Net Worth
£890k
Balance sheet strength
Cash
£67k
Cash in the bank
Net Current Assets
£179k
Working capital
Current Assets
£238k
Current Liabilities
£59k
Fixed Assets
£711k
Debtors
£169k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 4.03 | -£248k |
| 2023 | 4.21 | +£1.6M |
| 2022 | 0.03 | -£140k |
| 2021 | 0.23 | -£202k |
| 2020 | 0.52 | — |
Derived from filed accounts. Not audited figures.