{"name":"PREMIUM DRILLING TOOLS LIMITED","company_number":"SC407490","status":"Active","type":"Private Limited Company","incorporated":"2011-09-15","dissolved":null,"registered_office":"28 Albyn Place, Aberdeen, United Kingdom, AB10 1YL","postcode":"AB10 1YL","sic_codes":[{"code":25620,"description":"Machining"},{"code":32990,"description":"Other manufacturing not elsewhere classified"},{"code":96090,"description":"Other service activities not elsewhere classified"}],"principal_activity":null,"previous_names":[],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"31 December","last_made_up_to":"2025-12-31","next_due":"2027-09-30"},"employees":{"count":17,"accounts_date":"2025-12-31"},"financials":[{"financial_date":"2025-12-31","net_assets":468130,"cash":332061,"average_employees":17},{"financial_date":"2024-12-31","net_assets":578638,"cash":344161,"average_employees":18},{"financial_date":"2023-12-31","net_assets":525334,"cash":405660,"average_employees":18},{"financial_date":"2022-12-31","net_assets":322669,"cash":434421},{"financial_date":"2021-12-31","net_assets":284687,"cash":475819}],"officers":{"current":3,"resigned":1,"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":[],"insolvency_outcome":null,"ai_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.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/premium-drilling-tools","people":"https://www.companiesintheuk.co.uk/company/premium-drilling-tools/people","filing_history":"https://www.companiesintheuk.co.uk/company/premium-drilling-tools/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/SC407490","financials":"https://www.companiesintheuk.co.uk/company/premium-drilling-tools/financial","control":"https://www.companiesintheuk.co.uk/company/premium-drilling-tools/control","charges":"https://www.companiesintheuk.co.uk/company/premium-drilling-tools/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/premium-drilling-tools/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/premium-drilling-tools"}