Albion Drilling Group Ltd

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albion drilling group ltd Company Information

Live

MatureSmallHealthy

Company Number

SC096729

Website

www.albiondrillinggroup.com

Registered Address

springkerse road, springkerse industrial estate, stirling, FK7 7SN

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

01786479568

Next Accounts Due

October 2024

Group Structure

View All

Directors

James King20 Years

Jamie Cleghorn12 Years

Shareholders

albion drilling holdings ltd 100%

albion drilling group ltd Estimated Valuation

£4m

Pomanda estimates the enterprise value of ALBION DRILLING GROUP LTD at £4m based on Net Assets of £2.1m and 1.94x industry multiple (adjusted for liquidity).

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Albion Drilling Group Ltd is a live company located in stirling, FK7 7SN with a Companies House number of SC096729. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in January 1986, it's largest shareholder is albion drilling holdings ltd with a 100% stake. Albion Drilling Group Ltd is a mature, small sized company, Pomanda has estimated its turnover at £4.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Albion Drilling Group Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

5 Regular

3 Weak

Size

annual sales of £4.1m, make it in line with the average company (£4.6m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ALBION DRILLING GROUP LTD group structure

Albion Drilling Group Ltd has no subsidiary companies.

Ultimate parent company

ALBION DRILLING HOLDINGS LTD

SC558931

1 parent

ALBION DRILLING GROUP LTD

SC096729

ALBION DRILLING GROUP LTD Shareholders

albion drilling holdings ltd

100%

Albion Drilling Group Ltd currently has 2 directors. The longest serving directors include Mr James King (Oct 2003) and Mr Jamie Cleghorn (Apr 2012).

officer	country	age	start	end	role
Mr James King	Scotland	57 years	Oct 2003	-	Director
Mr Jamie Cleghorn	Scotland	43 years	Apr 2012	-	Director

EXPORT

Albion Drilling Group Ltd's latest turnover from January 2023 is estimated at £4.1 million and the company has net assets of £2.1 million. According to their latest financial statements, Albion Drilling Group Ltd has 42 employees and maintains cash reserves of £796.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	4,126,364	4,571,775	3,209,345	3,430,632	5,783,113	5,369,193	6,883,063	8,176,402	5,829,968	7,469,917	8,401,175	6,540,497	5,968,831	3,970,120
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,113,457	3,487,673	2,451,124	2,594,311	4,325,560	3,986,249	5,062,678	6,068,276	4,394,227	5,530,296	6,186,130	4,709,775	4,195,328	3,500,417
Gross Profit	1,012,907	1,084,101	758,221	836,321	1,457,553	1,382,945	1,820,385	2,108,126	1,435,741	1,939,621	2,215,045	1,830,723	1,773,503	469,703
Admin Expenses	640,267	1,388,568	563,523	710,025	1,511,871	2,047,792	663,319	1,748,130	1,156,884	1,504,376	1,871,860	1,617,208	1,563,824	1,689,903
Operating Profit	372,640	-304,467	194,698	126,296	-54,318	-664,847	1,157,066	359,996	278,857	435,245	343,185	213,515	209,679	-1,220,200
Interest Payable	23,926	21,296	13,265	8,319	11,030	4,227	425	10,362	20,540	20,810	24,253	32,262	37,090	71,253
Interest Receivable	22,793	1,380	421	1,895	2,130	2,890	1,201	319	68	60	33	2	3	6,880
Pre-Tax Profit	371,507	-324,383	181,854	119,873	-63,218	-666,183	1,157,843	349,953	258,385	414,495	318,964	181,255	172,592	-1,284,573
Tax	-70,586	0	-34,552	-22,776	0	0	-231,568	-69,990	-54,261	-95,334	-76,551	-47,126	-48,326	112,277
Profit After Tax	300,921	-324,383	147,302	97,097	-63,218	-666,183	926,274	279,962	204,124	319,161	242,413	134,129	124,266	-1,172,296
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	300,921	-324,383	147,302	97,097	-63,218	-666,183	926,274	279,962	204,124	319,161	242,413	134,129	124,266	-1,172,296
Employee Costs	1,846,299	1,477,865	1,336,006	1,664,873	1,639,000	1,955,916	1,669,044	1,955,971	1,336,637	1,778,856	2,076,636	1,708,914	1,646,861	1,662,971
Number Of Employees	42	35	32	39	39	48	41	50	35	48	56	47	47	50
EBITDA*	574,585	-126,288	395,105	395,559	319,253	-341,135	1,719,557	685,088	447,360	577,046	454,345	331,995	346,471	-819,654

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	1,882,230	1,713,864	1,048,244	1,205,884	1,469,072	1,778,391	2,157,878	2,464,817	1,326,014	1,339,061	1,253,593	867,736	945,394	1,314,314
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	1	1	2,909	2,909	2,909	17,500	5,000	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,882,230	1,713,864	1,048,244	1,205,884	1,469,072	1,778,391	2,157,879	2,464,818	1,328,923	1,341,970	1,256,502	885,236	950,394	1,314,314
Stock & work in progress	270,497	260,545	275,443	271,449	257,020	273,915	268,176	296,584	288,057	281,412	307,114	319,965	317,063	429,123
Trade Debtors	643,611	757,747	437,007	433,193	1,090,740	1,096,639	1,643,731	1,486,462	1,151,142	1,433,136	1,492,738	1,037,454	1,076,217	877,430
Group Debtors	0	0	709,700	288,200	99,200	0	0	0	0	0	0	0	0	0
Misc Debtors	112,872	198,899	16,977	23,038	71,143	0	1,836	27,097	0	0	0	0	0	76,217
Cash	796,888	505,578	598,536	244,204	261,221	306,861	849,313	111,852	15,703	11,606	12,367	661	289	737
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,823,868	1,722,769	2,037,663	1,260,084	1,779,324	1,677,415	2,763,056	1,921,995	1,454,902	1,726,154	1,812,219	1,358,080	1,393,569	1,383,507
total assets	3,706,098	3,436,633	3,085,907	2,465,968	3,248,396	3,455,806	4,920,935	4,386,813	2,783,825	3,068,124	3,068,721	2,243,316	2,343,963	2,697,821
Bank overdraft	0	0	0	0	0	0	0	13,610	305,219	260,277	187,629	235,809	559,950	532,267
Bank loan	88,889	88,889	88,889	0	0	0	0	0	0	0	0	0	0	21,984
Trade Creditors	179,790	449,910	240,967	189,884	551,534	176,355	382,016	972,410	602,124	902,787	1,140,591	962,254	809,758	693,977
Group/Directors Accounts	0	0	0	0	0	0	663	0	100,000	205,000	390,000	295,000	470,000	382,134
other short term finances	0	0	0	49,723	196,765	130,046	0	0	0	0	0	0	0	0
hp & lease commitments	220,888	173,265	17,725	34,227	345,549	504,791	380,190	420,742	0	0	0	0	0	147,330
other current liabilities	194,071	71,566	277,431	140,054	130,629	299,445	898,435	404,386	0	0	0	0	0	358,490
total current liabilities	683,638	783,630	625,012	413,888	1,224,477	1,110,637	1,661,304	1,811,148	1,007,343	1,368,064	1,718,220	1,493,063	1,839,708	2,136,182
loans	118,518	207,407	296,296	0	0	0	0	0	0	66,516	125,899	196,910	0	27,024
hp & lease commitments	537,227	494,312	19,598	41,648	49,935	349,852	440,238	639,323	0	0	0	0	0	245,795
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	193,567	261,039	255,728	37,870	117,540	0
provisions	312,092	250,467	114,392	121,519	175,929	127,805	179,876	182,719	104,683	93,826	4,785	0	0	21,000
total long term liabilities	967,837	952,186	430,286	163,167	225,864	477,657	620,114	822,042	298,250	421,381	386,412	234,780	117,540	293,819
total liabilities	1,651,475	1,735,816	1,055,298	577,055	1,450,341	1,588,294	2,281,418	2,633,190	1,305,593	1,789,445	2,104,632	1,727,843	1,957,248	2,430,001
net assets	2,054,623	1,700,817	2,030,609	1,888,913	1,798,055	1,867,512	2,639,517	1,753,623	1,478,232	1,278,679	964,089	515,473	386,715	267,820
total shareholders funds	2,054,623	1,700,817	2,030,609	1,888,913	1,798,055	1,867,512	2,639,517	1,753,623	1,478,232	1,278,679	964,089	515,473	386,715	267,820

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	372,640	-304,467	194,698	126,296	-54,318	-664,847	1,157,066	359,996	278,857	435,245	343,185	213,515	209,679	-1,220,200
Depreciation	201,945	178,179	200,407	269,263	373,571	323,712	562,491	325,092	168,503	141,801	111,160	118,480	136,792	284,545
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	116,001
Tax	-70,586	0	-34,552	-22,776	0	0	-231,568	-69,990	-54,261	-95,334	-76,551	-47,126	-48,326	112,277
Stock	9,952	-14,898	3,994	14,429	-16,895	5,739	-28,408	8,527	6,645	-25,702	-12,851	2,902	-112,060	429,123
Debtors	-200,163	-207,038	419,253	-516,652	164,444	-548,928	132,008	362,417	-281,994	-59,602	455,284	-38,763	122,570	953,647
Creditors	-270,120	208,943	51,083	-361,650	375,179	-205,661	-590,394	370,286	-300,663	-237,804	178,337	152,496	115,781	693,977
Accruals and Deferred Income	122,505	-205,865	137,377	9,425	-168,816	-598,990	494,049	404,386	0	0	0	0	-358,490	358,490
Deferred Taxes & Provisions	61,625	136,075	-7,127	-54,410	48,124	-52,071	-2,843	78,036	10,857	89,041	4,785	0	-21,000	21,000
Cash flow from operations	608,220	234,801	118,639	468,371	426,191	-654,668	1,285,201	1,096,862	378,642	418,253	118,483	473,226	23,926	-1,016,680
Investing Activities
capital expenditure	-370,311	-843,799	-42,767	-6,075	-64,252	55,775	-255,552	-1,463,895	-155,456	-227,269	-497,017	-40,822	232,128	128,651
Change in Investments	0	0	0	0	0	-1	0	-2,908	0	0	-14,591	12,500	5,000	0
cash flow from investments	-370,311	-843,799	-42,767	-6,075	-64,252	55,776	-255,552	-1,460,987	-155,456	-227,269	-482,426	-53,322	227,128	128,651
Financing Activities
Bank loans	0	0	88,889	0	0	0	0	0	0	0	0	0	-21,984	21,984
Group/Directors Accounts	0	0	0	0	0	-663	663	-100,000	-105,000	-185,000	95,000	-175,000	87,866	382,134
Other Short Term Loans	0	0	-49,723	-147,042	66,719	130,046	0	0	0	0	0	0	0	0
Long term loans	-88,889	-88,889	296,296	0	0	0	0	0	-66,516	-59,383	-71,011	196,910	-27,024	27,024
Hire Purchase and Lease Commitments	90,538	630,254	-38,552	-319,609	-459,159	34,215	-239,637	1,060,065	0	0	0	0	-393,125	393,125
other long term liabilities	0	0	0	0	0	0	0	-193,567	-67,472	5,311	217,858	-79,670	117,540	0
share issue	52,885	-5,409	-5,606	-6,239	-6,239	-105,822	-40,380	-4,571	-4,571	-4,571	206,203	-5,371	-5,371	1,440,116
interest	-1,133	-19,916	-12,844	-6,424	-8,900	-1,337	776	-10,043	-20,472	-20,750	-24,220	-32,260	-37,087	-64,373
cash flow from financing	53,401	516,040	278,460	-479,314	-407,579	56,439	-278,578	751,884	-264,031	-264,393	423,830	-95,391	-279,185	2,200,010
cash and cash equivalents
cash	291,310	-92,958	354,332	-17,017	-45,640	-542,452	737,461	96,149	4,097	-761	11,706	372	-448	737
overdraft	0	0	0	0	0	0	-13,610	-291,609	44,942	72,648	-48,180	-324,141	27,683	532,267
change in cash	291,310	-92,958	354,332	-17,017	-45,640	-542,452	751,071	387,758	-40,845	-73,409	59,886	324,513	-28,131	-531,530

P&L

January 2023

turnover

4.1m

-10%

operating profit

372.6k

gross margin

24.6%

+3.52%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

January 2023

net assets

2.1m

+0.21%

total assets

3.7m

+0.08%

cash

796.9k

+0.58%

net assets

Total assets minus all liabilities

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company number

SC096729

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

January 1986

age

accounts

Total Exemption Full

ultimate parent company

ALBION DRILLING HOLDINGS LTD

previous names

albion (drilling services) limited (January 2009)

incorporated

address

springkerse road, springkerse industrial estate, stirling, FK7 7SN

last accounts submitted

January 2023

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 13 charges/mortgages relating to albion drilling group ltd. Currently there are 3 open charges and 10 have been satisfied in the past.

albion drilling group ltd Company Information

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albion drilling group ltd Estimated Valuation

albion drilling group ltd Estimated Valuation

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