V2 DRILLING TOOLS LIMITED

STOBIESIDE HOUSE, DRUMCLOG, STRATHAVEN, ML10 6QL

Previous name: V2 DRILLING TOOL LIMITED (changed on 24-Sep-2014)

Company Number: SC485196
Incorporation date: 28-Aug-2014
Status: Active
Entity type: Private Limited Company

SIC codes:
28220 Manufacture of lifting and handling equipment





SUMMARY

This company is 9.6 years old and is currently active. It is controlled by multiple entities. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -163.5 thousand which has worsened since the previous year's figure of GBP -147.8 thousand. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -15.6 thousand in the last reported period. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -163.5 thousand), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 2 active officers (directors or partners) who are or were officers of 29 other companies, 22 (75.9%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-May-2024
Accounts Filed: UNAUDITED ABRIDGED (31-Aug-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
No P&L data available


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Aug-2022 GBP 103 23,077 230,186 2 -163,474 -163,472
31-Aug-2021 GBP 14 25,088 231,098 2 -147,829 -147,827
31-Aug-2020 GBP 5,749 46,361 230,723 2 -95,481 -95,479
31-Aug-2019 GBP 282 37,652 247,609 2 -103,176 -103,174
31-Aug-2018 GBP 299 77,801 303,334 2 -107,620 -107,618
31-Aug-2017 GBP 187 6,202 213,796 2 -72,458 -72,456
31-Aug-2016 GBP 2,273 9,131 230,213 2 -68,723 -68,721
31-Aug-2015 GBP 924 9,775 42,278 2 -8,634 -8,632

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
No information on secretary appointments

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active John Muldoon MCCULLOCH 05 Jan 2015 Company Director British 5 - 1311 (61.1%)
Resigned David William DEANE 28 Aug 2014 29 Aug 2014 Solicitor British 5 - 18350 (26.6%)
Active Paul James SLATER 28 Aug 2014 Company Director British 4 - 1615 (75.0%)
Number of active directors: 2
Average tenure of active directors: 9.4 years
Average tenure of resigned directors: 0.0 years
Average active director Dissolution Rate: 68.1%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
ENVIROTYRE LIMITED (03624390) - Liquidation
MYSENSE LTD (10418869) - Active
MCTAVISH, RAMSAY & COMPANY LIMITED (SC029378) - Voluntary Arrangement
MATHIESONS BAKERIES LIMITED (SC032975) - Dissolved
COMMERCIAL MICROBIOLOGY LIMITED (SC112363) - Dissolved
OILFIELD MICROBIOLOGY SERVICES LIMITED (SC192931) - Active - Proposal to Strike off
DYNAMIC EQUIPMENT COMPANY LIMITED (SC210307) - Dissolved
MCTAVISH RAMSAY HOLDINGS LIMITED (SC217072) - Dissolved
BKF SIXTY-ONE LIMITED (SC230818) - Dissolved
STOBIESIDE CONSULTING LTD (SC265354) - Active
CML BIOTECH LIMITED (SC278971) - Dissolved
SYMPHONY EQUITY INVESTMENTS LIMITED (SC315878) - Dissolved
MCTAVISH RAMSAY GROUP LIMITED (SC335809) - Dissolved
TEXOL LIMITED (SC339324) - Dissolved
SYMPHONY INDUSTRIAL GROUP LIMITED (SC340256) - Dissolved
DOORS BY DESIGN LIMITED (SC364702) - Dissolved
DBD DOORS AND DOORSETS LIMITED (SC366831) - Dissolved
OILFIELD NANO SOLUTIONS LTD (SC368124) - Dissolved
O.N.S. - CALSERVE LIMITED (SC378043) - Dissolved
O.N.S. - LABSERVE LIMITED (SC378044) - Dissolved
SYMPHONY CORPORATE LIMITED (SC402344) - Active
SYMPHONY INDUSTRIAL PRODUCTS LIMITED (SC412476) - Dissolved
DYNAMIC PRODUCT DEVELOPMENT LIMITED (SC423332) - Dissolved
V2 OIL AND GAS SERVICES LIMITED (SC477103) - Active
DYNAMIC POSTERS LIMITED (SC477241) - Dissolved
V2 CAPITAL GROUP LIMITED (SC478100) - Active
V2 DRILLING TOOLS LIMITED (SC485196) - Active
BAKU DRILLING EQUIPMENT LIMITED (SC485240) - Liquidation
GREEN GREASE COMPANY LTD (SC639098) - Dissolved
LOUDOUNHILL COUNTRY BARK LTD (SC777367) - Active

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

V2 DRILLING TOOLS LIMITED

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 28220 Manufacture of lifting and handling equipment)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
CATERPILLAR (U.K.) LIMITED PECKLETON LANE, DESFORD, LEICESTER, LE9 9JT 00484783 2017-12-31 815,882,000 -2,304,000 28921-Manufacture of machinery for mining
28922-Manufacture of earthmoving equipment
HYSTER-YALE UK LIMITED CENTENNIAL HOUSE BUILDING 4.5, FRIMLEY BUSINESS PARK, FRIMLEY, SURREY, GU16 7SG 02636775 2017-12-31 562,409,000 6,060,000
JUNGHEINRICH UK LIMITED SHERBOURNE HOUSE, SHERBOURNE DRIVE TILBROOK, MILTON KEYNES, BUCKINGHAMSHIRE, MK7 8HX 00757192 2017-12-31 209,234,000 5,109,000
MANITOU UK LIMITED EBBLAKE INDUSTRIAL ESTATE, VERWOOD, DORSET, BH31 6BB 01049338 2017-12-31 128,566,000 4,906,000
STANNAH LIFT SERVICES LIMITED WATT CLOSE, EAST PORTWAY, ANDOVER, HAMPSHIRE, SP10 3SD 01189799 2017-12-31 106,533,000 -292,000 33120-Repair of machinery
33200-Installation of industrial machinery and equipment
47990-Other retail sale not in stores, stalls or markets
KONECRANES DEMAG UK LIMITED UNIT 1 CHARTER POINT, COALFIELD WAY,, ASHBY BUSINESS PARK, ASHBY DE LA ZOUCH, LEICESTERSHIRE, ENGLAND, LE65 1NF 00969869 2017-12-31 72,388,000 -473,000 33200-Installation of industrial machinery and equipment
THWAITES LIMITED WELSH ROAD, CUBBINGTON, LEAMINGTON SPA, WARWICKSHIRE, CV32 7NQ 00387579 2017-08-31 71,269,000 9,674,000
MALLAGHAN ENGINEERING LIMITED 69 COALISLAND ROAD, DUNGANNON, CO TYRONE, BT71 6LA NI020042 2017-12-31 46,423,502 3,246,369
UNICARRIERS UK LIMITED JANE MORBEY ROAD, THAME, OXFORDSHIRE, OX9 3RR 00958167 2018-03-31 43,511,542 1,948,266
STORAGE AND HANDLING EQUIPMENT LIMITED SHE HOUSE MACKLIN AVENUE, COWPEN LANE INDUSTRIAL ESTATE, BILLINGHAM, CLEVELAND, TS23 4BY 03866015 2017-12-31 11,712,255 0
GUTTRIDGE LIMITED WARDENTREE PARK, PINCHBECK, SPALDING, LINCOLNSHIRE, PE11 3UU 00731549 2017-12-31 11,647,712 0
RUBAX LIFTS LIMITED WILSON HOUSE CINNAMON PARK, FEARNHEAD, WARRINGTON, CHESHIRE, WA2 0XP 01509899 2017-12-31 11,486,303 0
TALURIT (UK) LIMITED R-EVOLUTION GATEWAY 36, UNIT 3 KESTREL WAY, BIRDWELL, BARNSLEY, ENGLAND, S70 5SZ 03816964 2017-12-31 4,098,095 0
BRITTON PRICE HOLDINGS LIMITED PARKERS CORNELIUS HOUSE, 178-180 CHURCH ROAD, HOVE, EAST SUSSEX, ENGLAND, BN3 2DJ 09900575 2017-12-31 2,353,501 0
INDUSTRIAL LIFTING (UK) LTD UNITS 1, 2 & 3A, CINDERHILL INDUSTRIAL ESTATE, STOKE-ON-TRENT, ENGLAND, ST3 5LB 04142350 2018-03-31 2,128,785 0
H S M SERVICES LIMITED BEKE LODGE, BEKE HALL CHASE NORTH, RAYLEIGH, ESSEX, SS6 9EZ 03292466 2017-12-31 1,767,101 0
CONVEYORS DIRECT ONLINE LTD NEWTON AND CO, TEDCO BUSINESS CENTRE, VIKING INDUSTRIAL PARK, JARROW, TYNE AND WEAR, NE32 3DT 06078121 2018-03-31 1,699,711 0
WILDEX LIMITED UNIT 29 CHURCH ROAD BUSINESS CENTRE, CHURCH ROAD, SITTINGBOURNE, KENT, ME10 3RS 00714085 2018-01-31 723,626 0
C-LARS EUROPE LIMITED RECTORY LODGE, STOCKTON ROAD, SOUTH KILVINGTON, UNITED KINGDOM, YO7 2NL 10625815 2018-02-28 26,114 0 58190-Other publishing activities
62090-Other information technology service activities
ELEVATORS PROJECTS & COMPONENTS LTD 13 TALLOW CLOSE, DAGENHAM, ESSEX, ENGLAND, RM9 6EF 09184405 2017-08-31 19,960 0 33200-Installation of industrial machinery and equipment
ROSE OF SHARON INNOVATIONS LIMITED 16 MABEL'S BROW, FARNWORTH, BOLTON, BL4 8BN 06626715 2019-05-31 12,127 0 28990-Manufacture of other special-purpose machinery not elsewhere classified
GARY SAUNTERS CRANE SERVICES LTD 20 HAVELOCK ROAD, HASTINGS, EAST SUSSEX, TN34 1BP 08974203 2018-03-31 0 0
REXTANK LIMITED UNIT 4 CHURCH ROAD, ASH, SEVENOAKS, KENT, ENGLAND, TN15 7HD 10836011 2018-06-30 0 0
HYSTER-YALE GROUP LIMITED CENTENNIAL HOUSE BUILDING 4.5, FRIMLEY BUSINESS PARK, FRIMLEY, SURREY, GU16 7SG 01020654 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
V2 DRILLING TOOLS LIMITED 0.8% 3.6% 7.7% Medium
Other companies Active in the same sector Too few competitors
Age 0.6% 2.5% 4.9% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.6% 2.5% 4.5% Medium
Accounting Month 1.1% 4.7% 11.8% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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