BEDROCK DRILLING LIMITED
Company number 08286477 · Monitor this company
Executive summary
Bedrock Drilling Limited presents an unacceptable trajectory for unsecured credit, having suffered a 64% decline in net assets and 78% reduction in cash over three years. While technically solvent with a 2.14x current ratio, the doubling of debtors alongside falling cash raises serious concerns about asset quality and cash conversion. Any credit facility should be secured, subject to profitability covenants, and limited to short tenors given the cyclical industry exposure and sustained balance sheet erosion.
Shareholders' funds
£198,313
Balance sheet as at 2024-03-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2012-11-08
- Employees
- 3 (2026 accounts)
- Registered office
- 9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, United Kingdom, PO20 7AJ
- Postcode
- PO20 7AJ
- Capital
- 276 GBP
- Accounts category
- Total Exemption Full
Accounts
- Last made up to
- 2026-03-31
- Next due by
- 2027-12-31
- Financial year end
- 31 March
Confirmation statement
- Last statement dated
- 2026-01-06
- Next due by
- 2027-01-20
Nature of business (SIC)
- 9100 Support activities for petroleum and natural gas mining
Officers 3 current · 2 resigned
Group structure 1 subsidiary
Controlled by BEDROCK DRILLING CONSULTANCY LTD — since 2016-04-06
Controlled by GLAUCOPHANE LTD — since 2016-04-06
-
BEDROCK DRILLING SERVICES LIMITED Dissolved
From persons-with-significant-control filings on the public register.
Data protection registration
Registered with the ICO as a data protection fee payer — ZA876689 (Tier 1), registered since 2021.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Contact details
Previous company names
| Name | Date changed |
|---|---|
| IWD (GB) LTD | 2013-01-28 |
Previous registered addresses 1
| Address | Changed on |
|---|---|
| 54 THORPE ROAD, NORWICH, NORFOLK, NR1 1RY | 2018-06-28 |
Among its peers
Top 25%
by shareholders' funds, of 17 similar companies in PO
The largest employer among its local peers (3 staff).
Trading since 2012.
Competitors Portsmouth
This company ranks 4 among support activities for petroleum and natural gas mining in Portsmouth.
The class of 2012
17%
of the 486 companies in this sector incorporated in 2012 are still active today; 80% have since been dissolved.
A fact about the year, not a forecast for this company.