{"name":"BEDROCK DRILLING LIMITED","company_number":"08286477","status":"Active","type":"Private Limited Company","incorporated":"2012-11-08","dissolved":null,"registered_office":"9 Donnington Park, 85 Birdham Road, Chichester, West Sussex, United Kingdom, PO20 7AJ","postcode":"PO20 7AJ","sic_codes":[{"code":9100,"description":"Support activities for petroleum and natural gas mining"}],"principal_activity":null,"previous_names":[{"name":"IWD (GB) LTD","changed_on":"2013-01-28"}],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"31 March","last_made_up_to":"2026-03-31","next_due":"2027-12-31"},"employees":{"count":3,"accounts_date":"2026-03-31"},"financials":[{"financial_date":"2026-03-31","average_employees":3},{"financial_date":"2025-03-31","average_employees":3},{"financial_date":"2024-03-31","net_assets":198313,"cash":152464,"average_employees":4},{"financial_date":"2023-03-31","net_assets":374736,"cash":221549},{"financial_date":"2022-03-31","net_assets":524695,"cash":535977}],"officers":{"current":3,"resigned":2,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[{"date":"2026-09-29","kind":"other"}],"insolvency_outcome":null,"ai_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.","website":"http://www.bedrockdrilling.co.uk","links":{"page":"https://www.companiesintheuk.co.uk/ltd/bedrock-drilling","people":"https://www.companiesintheuk.co.uk/company/bedrock-drilling/people","filing_history":"https://www.companiesintheuk.co.uk/company/bedrock-drilling/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/08286477","financials":"https://www.companiesintheuk.co.uk/company/bedrock-drilling/financial","gazette":"https://www.companiesintheuk.co.uk/company/bedrock-drilling/gazette","control":"https://www.companiesintheuk.co.uk/company/bedrock-drilling/control","ai_analysis":"https://www.companiesintheuk.co.uk/company/bedrock-drilling/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/bedrock-drilling"}