PREMIUM DRILLING TOOLS LIMITED
Company number SC407490 · Monitor this company
Executive summary
Premium Drilling Tools Limited shows a positive underlying financial trajectory with net assets doubling over three years to £578,638 and consistent profitability evidenced by growing retained earnings. However, the recent resignation of the majority shareholder as director, a declining cash trend, significant stock buildup, and exposure to the cyclical oil and gas sector through its Aberdeen machining operations introduce material uncertainties. Credit approval should be conditional upon personal guarantees from remaining directors, quarterly management account provision, and clarification of the governance implications arising from Grabner's departure.
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
- 2025-09-15
- Next due by
- 2026-09-29
Nature of business (SIC)
- 25620 Machining
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 15 among machining in Aberdeen.
The class of 2011
20%
of the 450,455 companies incorporated in 2011 are still active today; 78% have since been dissolved.
A fact about the year, not a forecast for this company.