Pomanda estimates the enterprise value of FUTURE DRILLING LIMITED at £1m based on a Turnover of £2.2m and 0.47x industry multiple (adjusted for size and gross margin).
future drilling limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of FUTURE DRILLING LIMITED at £0 based on an EBITDA of £-341.4k and a 2.95x industry multiple (adjusted for size and gross margin).
future drilling limitedEstimated Valuation
£546.8k
Pomanda estimates the enterprise value of FUTURE DRILLING LIMITED at £546.8k based on Net Assets of £210.2k and 2.6x industry multiple (adjusted for liquidity).
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Future Drilling LimitedOverview
Future Drilling Limited is a live company located in bristol, BS16 1GW with a Companies House number of 07023659. It operates in the dental practice activities sector, SIC Code 86230. Founded in September 2009, it's largest shareholder is
xeon smiles uk limited
with a 100% stake. Future Drilling Limited is a established,
small sized company, Pomanda has estimated its turnover at
£2.2m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Future Drilling Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
4 Strong
1 Regular
7 Weak
Size
annual sales of £2.2m, make it larger than the average company (£1m)
£2.2m - Future Drilling Limited
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (6.1%)
33% - Future Drilling Limited
6.1% - Industry AVG
Production
with a gross margin of 29.5%, this company has a higher cost of product (47.5%)
29.5% - Future Drilling Limited
47.5% - Industry AVG
Profitability
an operating margin of -15.4% make it less profitable than the average company (7.3%)
-15.4% - Future Drilling Limited
7.3% - Industry AVG
Employees
with 6 employees, this is below the industry average (11)
6 - Future Drilling Limited
11 - Industry AVG
Pay Structure
on an average salary of £54.6k, the company has a higher pay structure (£21.9k)
£54.6k - Future Drilling Limited
£21.9k - Industry AVG
Efficiency
resulting in sales per employee of £370.7k, this is more efficient (£95.3k)
£370.7k - Future Drilling Limited
£95.3k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (7 days)
5 days - Future Drilling Limited
7 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (26 days)
17 days - Future Drilling Limited
26 days - Industry AVG
Stock Days
it holds stock equivalent to 11 days, this is in line with average (12 days)
11 days - Future Drilling Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (1 weeks)
0 weeks - Future Drilling Limited
1 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86%, this is a higher level of debt than the average (62.6%)
86% - Future Drilling Limited
62.6% - Industry AVG
FUTURE DRILLING LIMITED financials
EXPORT
Future Drilling Limited's latest turnover from December 2023 is £2.2 million and the company has net assets of £210.2 thousand. According to their latest financial statements, Future Drilling Limited has 6 employees and maintains cash reserves of £311 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Turnover
2,224,366
1,869,460
2,035,399
954,469
1,622,696
526,617
225,306
302,819
342,085
156,363
331,312
166,903
113,564
78,003
Other Income Or Grants
Cost Of Sales
1,567,790
1,239,866
1,129,520
510,685
704,794
86,185
120,797
164,022
185,984
82,856
176,423
89,561
60,675
41,500
Gross Profit
656,576
629,594
905,879
443,784
917,902
440,432
104,509
138,797
156,101
73,507
154,889
77,341
52,889
36,503
Admin Expenses
998,833
908,929
889,438
786,067
525,380
320,596
142,020
213,266
188,621
79,093
-32,975
-37,041
-74,583
23,568
Operating Profit
-342,257
-279,335
16,441
-342,283
392,522
119,836
-37,511
-74,469
-32,520
-5,586
187,864
114,382
127,472
12,935
Interest Payable
309
9,750
22,750
26,000
13,000
Interest Receivable
21
21
113
148
312
252
245
299
208
59
Pre-Tax Profit
-342,257
-279,335
16,132
-342,283
392,543
119,857
-37,398
-74,321
-32,208
-5,334
178,358
91,932
101,680
-6
Tax
80,509
46,773
1,530
51,113
-85,308
-32,335
-41,022
-22,064
-26,437
Profit After Tax
-261,748
-232,562
17,662
-291,170
307,235
87,522
-37,398
-74,321
-32,208
-5,334
137,336
69,868
75,243
-6
Dividends Paid
Retained Profit
-261,748
-232,562
17,662
-291,170
307,235
87,522
-37,398
-74,321
-32,208
-5,334
137,336
69,868
75,243
-6
Employee Costs
327,668
272,934
257,601
154,267
139,769
92,613
73,108
87,683
58,170
29,752
57,246
27,479
28,800
15,480
Number Of Employees
6
6
8
5
3
5
5
6
4
2
4
2
2
1
EBITDA*
-341,411
-177,468
57,800
-302,930
444,591
172,032
14,685
-22,273
72,676
84,564
275,014
206,033
216,122
62,935
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Tangible Assets
10,502
47,762
40,983
19,086
4,396
6,592
8,788
10,984
16,180
56,329
87,480
129,131
3,904
Intangible Assets
40,834
70,834
100,834
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
10,502
88,596
111,817
119,920
154,396
206,592
258,788
310,984
366,180
456,329
537,480
629,131
553,904
Stock & work in progress
49,363
66,624
483
5,757
5,345
5,112
4,758
4,326
3,891
3,416
3,169
2,894
Trade Debtors
33,966
23,936
20,118
13,111
17,337
4,052
12,851
20,800
22,167
4,657
12,486
13,538
5,995
5,749
Group Debtors
1,230,998
1,415,536
1,125,929
808,894
686,344
Misc Debtors
171,869
81,957
76,680
34,777
101,436
62,800
2,208
2,491
Cash
311
7,432
4,904
5,039
11,780
48,319
34,072
56,388
62,089
62,780
37,886
60,076
59,698
23,522
misc current assets
total current assets
1,486,507
1,595,485
1,228,114
861,821
816,897
120,928
54,476
84,791
89,014
71,763
54,263
77,030
68,862
32,165
total assets
1,497,009
1,595,485
1,316,710
973,638
936,817
275,324
261,068
343,579
399,998
437,943
510,592
614,510
697,993
586,069
Bank overdraft
Bank loan
Trade Creditors
76,484
82,767
45,396
40,995
49,358
154,999
152,738
220,975
99,885
67,895
50,632
Group/Directors Accounts
1,096,094
816,680
945,545
546,310
159,249
7,998
3,685
154,761
135,343
other short term finances
hp & lease commitments
other current liabilities
114,212
224,071
71,240
149,466
200,173
54,522
127,788
172,901
61,292
total current liabilities
1,286,790
1,123,518
1,062,181
736,771
408,780
54,522
127,788
172,901
154,999
160,736
224,660
161,177
222,656
185,975
loans
300,000
400,000
400,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
3,391
8,128
total long term liabilities
3,391
308,128
400,000
400,000
total liabilities
1,286,790
1,123,518
1,062,181
736,771
408,780
54,522
127,788
172,901
154,999
160,736
228,051
469,305
622,656
585,975
net assets
210,219
471,967
254,529
236,867
528,037
220,802
133,280
170,678
244,999
277,207
282,541
145,205
75,337
94
total shareholders funds
210,219
471,967
254,529
236,867
528,037
220,802
133,280
170,678
244,999
277,207
282,541
145,205
75,337
94
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Operating Activities
Operating Profit
-342,257
-279,335
16,441
-342,283
392,522
119,836
-37,511
-74,469
-32,520
-5,586
187,864
114,382
127,472
12,935
Depreciation
846
61,033
11,359
9,353
2,903
2,196
2,196
2,196
55,196
40,150
37,150
41,651
38,650
Amortisation
40,834
30,000
30,000
49,166
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
50,000
Tax
80,509
46,773
1,530
51,113
-85,308
-32,335
-41,022
-22,064
-26,437
Stock
-17,261
66,141
483
-5,757
412
233
354
432
435
475
247
275
2,894
Debtors
-84,596
298,702
365,945
51,665
738,265
51,793
-8,232
1,124
17,510
-7,829
-1,052
7,543
246
5,749
Creditors
-6,283
37,371
4,401
-8,363
49,358
-154,999
2,261
-68,237
121,090
31,990
17,263
50,632
Accruals and Deferred Income
-109,859
152,831
-78,226
-50,707
145,651
-73,266
-45,113
172,901
-61,292
61,292
Deferred Taxes & Provisions
-3,391
-4,737
8,128
Cash flow from operations
-275,187
-305,336
-380,923
-362,552
-178,216
14,226
-22,429
-5,849
56,995
20,330
289,630
277,589
206,427
104,924
Investing Activities
capital expenditure
-11,348
-13,271
-18,138
-31,250
-17,593
-50,000
-1
-5,999
-163,877
-603,904
Change in Investments
cash flow from investments
-11,348
-13,271
-18,138
-31,250
-17,593
-50,000
-1
-5,999
-163,877
-603,904
Financing Activities
Bank loans
Group/Directors Accounts
279,414
-128,865
399,235
387,061
159,249
-7,998
4,313
3,685
-154,761
19,418
135,343
Other Short Term Loans
Long term loans
-300,000
-100,000
400,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
450,000
100
interest
-309
21
21
113
148
312
252
-9,505
-22,451
-25,792
-12,941
cash flow from financing
279,414
321,135
398,926
387,061
159,270
21
113
148
-7,686
4,565
-305,820
-277,212
-6,374
522,502
cash and cash equivalents
cash
-7,121
2,528
-135
-6,741
-36,539
14,247
-22,316
-5,701
-691
24,894
-22,190
378
36,176
23,522
overdraft
change in cash
-7,121
2,528
-135
-6,741
-36,539
14,247
-22,316
-5,701
-691
24,894
-22,190
378
36,176
23,522
future drilling limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for future drilling limited. Get real-time insights into future drilling limited's credit score, group structure and payment trends.
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future drilling limited Ownership
FUTURE DRILLING LIMITED group structure
Future Drilling Limited has no subsidiary companies.
bupa dental care, vantage office park, bristol, BS16 1GW
Bank
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Legal Advisor
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future drilling limited Charges & Mortgages
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 1 charges/mortgages relating to future drilling limited. Currently there are 0 open charges and 1 have been satisfied in the past.
future drilling limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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future drilling limitedCompanies House Filings - See Documents
