Downhole Tools International Limited
07056359
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 22/10/2025
Due 05/11/2026
Industry
Officers
director · Since 30/06/2021
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 58
Also on 106 other boards
secretary · Since 16/07/2021
director · Since 12/11/2025
FINANCE DIRECTOR
BRITISH · UNITED KINGDOM · Age 51
Also on 2 other boards
director · Since 12/11/2025
DIRECTOR
BRITISH · UNITED KINGDOM · Age 55
Also on 3 other boards
Persons with Significant Control
Pragma Well Technology Limited
Wellheads Crescent, Wellheads Industrial Estate, Aberdeen, AB21 7GA
Reg: Sc533348 · Registrar Of Companies · Private Limited Company
Notified 30/06/2021
Former PSCs
Mr Stephen Geoffrey Anthoney
Ceased 30/06/2021
Mr Robert Crawford
Ceased 30/06/2021
Mr Brent Marsh
Ceased 30/06/2021
Charges1 outstanding
HSBC INVOICE FINANCE (UK) LTD
HSBC UK BANK PLC
CompanyRankvs 2310+ SIC 09100 peers57
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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.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
£2.5M
Balance sheet strength
Cash
£71k
Cash in the bank
Profit Before Tax
-£203k
Bottom line earnings
Net Current Assets
£2.1M
Working capital
Current Assets
£3.1M
Current Liabilities
£935k
Fixed Assets
£407k
Debtors
£2.1M
Admin Expenses
£1.8M
Profit After Tax
-£154k
Tax at Year End(2022)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 3.27 | -£154k |
| 2023 | 3.21 | -£92k |
| 2022 | 3.68 | +£1.3M |
| 2021 | 2.20 | +£393k |
| 2020 | 1.82 | +£421k |
| 2019 | 1.52 | — |
Derived from filed accounts. Not audited figures.