PREMIUM DRILLING TOOLS LIMITED
Company number SC407490 · Monitor this company
Executive summary
Premium Drilling Tools Limited is a fundamentally solvent business with £468,130 in net assets and £332,061 in cash, but it has shifted from several years of profitable growth to a loss-making position in 2025, eroding equity by approximately £110,500. The company shows early symptoms of financial stress — declining cash, shrinking working capital, and elevated leverage — but remains outside the danger zone provided management can return to profitability within the next 12-18 months. Diversification beyond oil and gas, rigorous cost management, and clarity around the recent departure of a major shareholder-director are the critical factors that will determine whether the business stabilises or deteriorates.
Shareholders' funds
£468,130
Balance sheet as at 2025-12-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2011-09-15
- Employees
- 17 (2025 accounts · was 18 in 2024)
- Registered office
- 28 Albyn Place, Aberdeen, United Kingdom, AB10 1YL
- Postcode
- AB10 1YL
- Capital
- 18,000 GBP
- Accounts category
- Total Exemption Full
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2025-12-31
- Next due by
- 2027-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-09-15
- Next due by
- 2027-09-29
Nature of business (SIC)
- 25620 Machining
- 32990 Other manufacturing not elsewhere classified
- 96090 Other service activities not elsewhere classified
Officers 3 current · 1 resigned
Data protection registration
Registered with the ICO as a data protection fee payer — ZB056013 (Tier 2), registered since 2021.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Previous registered addresses 1
| Address | Changed on |
|---|---|
| 34 ALBYN PLACE, ABERDEEN, AB10 1FW | 2017-10-17 |
Competitors Aberdeen
This company ranks 16 among machining in Aberdeen.
The class of 2011
20%
of the 450,458 companies incorporated in 2011 are still active today; 78% have since been dissolved.
A fact about the year, not a forecast for this company.