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Smart Reamer Drilling Systems Ltd

06983072

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

268 BATH ROAD, SLOUGH, SL1 4DX
Incorporated 06/08/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

06100
Extraction of crude petroleum
06200
Extraction of natural gas

Officers

Mr Wajid Rasheed

director · Since 06/08/2009

DIRECTOR

UNITED KINGDOM · ENGLAND · Age 55

Also on 1 other board

Dr John Laurence Thorogood

director · Since 25/04/2014

DRILLING ENGINEER

BRITISH · SCOTLAND · Age 74

Also on 4 other boards

Persons with Significant Control

Mr Wajid Rasheed

75–100% shares

United Kingdom · England · Age 55

268, Bath Road, Slough, SL1 4DX

Notified 30/06/2016

CompanyRankvs 25+ SIC 06100 peers
80

Financial strength88th percentile among SIC peers · 22/25
Employees56th percentile among SIC peers · 8/15
LiquidityCurrent ratio 6.24× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength22/25 pts

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

Employees8/15 pts

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

Liquidity20/20 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.

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

£182k

Balance sheet strength

Cash

£79k

Cash in the bank

Net Current Assets

£71k

Working capital

Current Assets

£84k

Current Liabilities

£14k

Debtors

£6k

1avg. employees

Tax at Year End(2021)

VAT£250

Balance Sheet

Intangible assets£111k
Assets less current liabilities£182k
Prepared with Acting Office - Tax and Accounts

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20246.24-£116k
2023181.73-£49k
202217.53-£92k
202153.64-£62k£5k
202013.31+£499k
201970.49+£0
201828.35

Derived from filed accounts. Not audited figures.