Pomanda estimates the enterprise value of SIRIUS DRILLING LTD at £2.5m based on a Turnover of £7.4m and 0.34x industry multiple (adjusted for size and gross margin).
sirius drilling ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of SIRIUS DRILLING LTD at £0 based on an EBITDA of £-283.6k and a 2.61x industry multiple (adjusted for size and gross margin).
sirius drilling ltdEstimated Valuation
£7.2m
Pomanda estimates the enterprise value of SIRIUS DRILLING LTD at £7.2m based on Net Assets of £4.7m and 1.55x industry multiple (adjusted for liquidity).
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Sirius Drilling LtdOverview
Sirius Drilling Ltd is a live company located in durham, DH7 8HJ with a Companies House number of 07502493. It operates in the test drilling and boring sector, SIC Code 43130. Founded in January 2011, it's largest shareholder is
sirius engineering group ltd
with a 100% stake. Sirius Drilling Ltd is a established,
mid sized company, Pomanda has estimated its turnover at
£7.4m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Sirius Drilling Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
4 Strong
2 Regular
5 Weak
Size
annual sales of £7.4m, make it smaller than the average company (£10m)
£7.4m - Sirius Drilling Ltd
£10m - Industry AVG
Growth
3 year (CAGR) sales growth of 70%, show it is growing at a faster rate (6.1%)
70% - Sirius Drilling Ltd
6.1% - Industry AVG
Production
with a gross margin of 23.8%, this company has a comparable cost of product (23.8%)
23.8% - Sirius Drilling Ltd
23.8% - Industry AVG
Profitability
an operating margin of -8% make it less profitable than the average company (5.1%)
-8% - Sirius Drilling Ltd
5.1% - Industry AVG
Employees
with 34 employees, this is below the industry average (66)
34 - Sirius Drilling Ltd
66 - Industry AVG
Pay Structure
on an average salary of £43.5k, the company has an equivalent pay structure (£43.5k)
£43.5k - Sirius Drilling Ltd
£43.5k - Industry AVG
Efficiency
resulting in sales per employee of £219k, this is more efficient (£135.2k)
£219k - Sirius Drilling Ltd
£135.2k - Industry AVG
Debtor Days
it gets paid by customers after 94 days, this is later than average (59 days)
94 days - Sirius Drilling Ltd
59 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (47 days)
26 days - Sirius Drilling Ltd
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Sirius Drilling Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 70 weeks, this is more cash available to meet short term requirements (19 weeks)
70 weeks - Sirius Drilling Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38.1%, this is a lower level of debt than the average (71.2%)
38.1% - Sirius Drilling Ltd
71.2% - Industry AVG
SIRIUS DRILLING LTD financials
EXPORT
Sirius Drilling Ltd's latest turnover from December 2023 is estimated at £7.4 million and the company has net assets of £4.7 million. According to their latest financial statements, Sirius Drilling Ltd has 34 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Turnover
7,444,781
5,819,703
4,076,065
1,517,397
3,150,819
2,766,184
1,287,725
Other Income Or Grants
Cost Of Sales
5,670,539
4,300,533
2,784,643
1,074,192
2,279,559
2,041,900
870,518
Gross Profit
1,774,242
1,519,170
1,291,422
443,205
871,260
724,283
417,207
Admin Expenses
2,372,874
-1,400,515
165,414
-330,054
886,158
1,030,612
-1,531,037
Operating Profit
-598,632
2,919,685
1,126,008
773,259
-14,898
-306,329
1,948,244
Interest Payable
90,124
Interest Receivable
107,744
88,073
5,023
1,127
5,154
6,775
3,086
Pre-Tax Profit
-581,012
3,007,758
1,131,031
774,386
-9,744
-299,554
1,951,330
Tax
-571,474
-214,896
-147,133
-370,753
Profit After Tax
-581,012
2,436,284
916,135
627,253
-9,744
-299,554
1,580,577
Dividends Paid
Retained Profit
-581,012
2,436,284
916,135
627,253
-9,744
-299,554
1,580,577
Employee Costs
1,480,666
1,361,179
1,199,245
1,187,840
1,302,582
1,212,249
1,343,851
Number Of Employees
34
33
32
28
31
29
37
EBITDA*
-283,564
3,206,170
1,425,661
1,009,929
227,197
-110,928
2,100,842
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Tangible Assets
997,363
887,904
590,628
859,670
606,456
574,602
576,498
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
997,363
887,904
590,628
859,670
606,456
574,602
576,498
Stock & work in progress
29,211
Trade Debtors
1,931,527
1,305,702
954,723
36,500
660,202
798,880
53,642
Group Debtors
2,913,913
2,517,321
28,495
131
300
206,656
Misc Debtors
64,900
210,014
116,909
914,454
43,376
102,935
232,950
100
Cash
1,637,205
2,467,327
2,565,440
1,452,754
801,993
572,332
1,234,387
misc current assets
total current assets
6,547,545
6,500,364
3,665,567
2,403,839
1,505,571
1,474,447
1,756,846
100
total assets
7,544,908
7,388,268
4,256,195
3,263,509
2,112,027
2,049,049
2,333,344
100
Bank overdraft
Bank loan
Trade Creditors
414,858
652,858
264,220
272,914
256,065
76,429
32,938
Group/Directors Accounts
113,538
52,084
106,720
133,210
139,525
157,037
28,860
other short term finances
325,925
hp & lease commitments
109,223
206,099
134,317
137,340
181,695
177,668
152,580
other current liabilities
244,165
484,761
593,532
309,876
93,255
176,274
304,361
total current liabilities
1,207,709
1,395,802
1,098,789
853,340
670,540
587,408
518,739
loans
1,276,285
hp & lease commitments
173,875
569,815
272,639
47,798
108,743
119,918
169,528
Accruals and Deferred Income
other liabilities
364,739
provisions
217,000
171,600
70,000
99,000
61,365
60,600
64,400
total long term liabilities
1,667,160
741,415
342,639
511,537
170,108
180,518
233,928
total liabilities
2,874,869
2,137,217
1,441,428
1,364,877
840,648
767,926
752,667
net assets
4,670,039
5,251,051
2,814,767
1,898,632
1,271,379
1,281,123
1,580,677
100
total shareholders funds
4,670,039
5,251,051
2,814,767
1,898,632
1,271,379
1,281,123
1,580,677
100
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Operating Activities
Operating Profit
-598,632
2,919,685
1,126,008
773,259
-14,898
-306,329
1,948,244
Depreciation
315,068
286,485
299,653
236,670
242,095
195,401
152,598
Amortisation
Tax
-571,474
-214,896
-147,133
-370,753
Stock
-29,211
29,211
Debtors
877,303
2,932,910
149,042
247,507
-198,537
408,867
493,148
100
Creditors
-238,000
388,638
-8,694
16,849
179,636
43,491
32,938
Accruals and Deferred Income
-240,596
-108,771
283,656
216,621
-83,019
-128,087
304,361
Deferred Taxes & Provisions
45,400
101,600
-29,000
37,635
765
-3,800
64,400
Cash flow from operations
-1,594,063
83,253
1,307,685
886,394
523,116
-578,980
1,609,429
-100
Investing Activities
capital expenditure
-424,527
-583,761
-30,611
-489,884
-273,949
-193,505
-729,096
Change in Investments
cash flow from investments
-424,527
-583,761
-30,611
-489,884
-273,949
-193,505
-729,096
Financing Activities
Bank loans
Group/Directors Accounts
61,454
-54,636
-26,490
-6,315
-17,512
128,177
28,860
Other Short Term Loans
325,925
Long term loans
1,276,285
Hire Purchase and Lease Commitments
-492,816
368,958
221,818
-105,300
-7,148
-24,522
322,108
other long term liabilities
-364,739
364,739
share issue
100
interest
17,620
88,073
5,023
1,127
5,154
6,775
3,086
cash flow from financing
1,188,468
402,395
-164,388
254,251
-19,506
110,430
354,054
100
cash and cash equivalents
cash
-830,122
-98,113
1,112,686
650,761
229,661
-662,055
1,234,387
overdraft
change in cash
-830,122
-98,113
1,112,686
650,761
229,661
-662,055
1,234,387
sirius drilling ltd 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 sirius drilling ltd. Get real-time insights into sirius drilling ltd's credit score, group structure and payment trends.
Perform a competitor analysis for sirius drilling ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in DH7 area or any other competitors across 12 key performance metrics.
russel house mill road, langley moor, durham, DH7 8HJ
Bank
-
Legal Advisor
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sirius drilling ltd 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 2 charges/mortgages relating to sirius drilling ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
sirius drilling ltd 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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sirius drilling ltdCompanies House Filings - See Documents
