london diamond drilling holdings ltd
london diamond drilling holdings ltd Company Information
Company Number
08943769
Next Accounts
Mar 2026
Shareholders
mr marc david seagroatt
mrs caroline seagroatt
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
19-20 bourne court, southend road, woodford green, essex, IG8 8HD
Website
http://drilltec.co.uklondon diamond drilling holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of LONDON DIAMOND DRILLING HOLDINGS LTD at £88.4m based on a Turnover of £48m and 1.84x industry multiple (adjusted for size and gross margin).
london diamond drilling holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of LONDON DIAMOND DRILLING HOLDINGS LTD at £23.8m based on an EBITDA of £3.1m and a 7.7x industry multiple (adjusted for size and gross margin).
london diamond drilling holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of LONDON DIAMOND DRILLING HOLDINGS LTD at £4.7m based on Net Assets of £3.6m and 1.31x industry multiple (adjusted for liquidity).
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London Diamond Drilling Holdings Ltd Overview
London Diamond Drilling Holdings Ltd is a live company located in woodford green, IG8 8HD with a Companies House number of 08943769. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in March 2014, it's largest shareholder is mr marc david seagroatt with a 35.4% stake. London Diamond Drilling Holdings Ltd is a established, large sized company, Pomanda has estimated its turnover at £48m with high growth in recent years.
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London Diamond Drilling Holdings Ltd Health Check
Pomanda's financial health check has awarded London Diamond Drilling Holdings Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £48m, make it larger than the average company (£19.4m)
£48m - London Diamond Drilling Holdings Ltd
£19.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (12.2%)
21% - London Diamond Drilling Holdings Ltd
12.2% - Industry AVG
Production
with a gross margin of 20.3%, this company has a higher cost of product (35%)
20.3% - London Diamond Drilling Holdings Ltd
35% - Industry AVG
Profitability
an operating margin of 5.7% make it more profitable than the average company (4.5%)
5.7% - London Diamond Drilling Holdings Ltd
4.5% - Industry AVG
Employees
with 118 employees, this is similar to the industry average (106)
118 - London Diamond Drilling Holdings Ltd
106 - Industry AVG
Pay Structure
on an average salary of £65.6k, the company has a higher pay structure (£45.2k)
£65.6k - London Diamond Drilling Holdings Ltd
£45.2k - Industry AVG
Efficiency
resulting in sales per employee of £406.5k, this is more efficient (£193.3k)
£406.5k - London Diamond Drilling Holdings Ltd
£193.3k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is near the average (44 days)
49 days - London Diamond Drilling Holdings Ltd
44 days - Industry AVG
Creditor Days
its suppliers are paid after 72 days, this is slower than average (43 days)
72 days - London Diamond Drilling Holdings Ltd
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - London Diamond Drilling Holdings Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is average cash available to meet short term requirements (13 weeks)
11 weeks - London Diamond Drilling Holdings Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.6%, this is a higher level of debt than the average (68.7%)
77.6% - London Diamond Drilling Holdings Ltd
68.7% - Industry AVG
LONDON DIAMOND DRILLING HOLDINGS LTD financials
London Diamond Drilling Holdings Ltd's latest turnover from June 2024 is £48 million and the company has net assets of £3.6 million. According to their latest financial statements, London Diamond Drilling Holdings Ltd has 118 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 47,965,096 | 25,815,592 | 25,164,475 | 26,954,316 | 29,767,208 | 33,461,878 | 27,178,307 | 19,971,937 | 17,595,795 | 14,157,950 |
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 38,236,273 | 20,836,678 | 19,332,194 | 21,686,383 | 22,176,530 | 25,899,903 | 22,124,818 | 14,852,136 | 12,535,616 | 10,861,048 |
| Gross Profit | 9,728,823 | 4,978,914 | 5,832,281 | 5,267,933 | 7,590,678 | 7,561,975 | 5,053,489 | 5,119,801 | 5,060,179 | 3,296,902 |
| Admin Expenses | 6,983,086 | 4,292,929 | 5,193,545 | 4,672,512 | 6,715,233 | 6,230,131 | 4,793,670 | 3,456,548 | 2,564,285 | 2,265,024 |
| Operating Profit | 2,745,737 | 685,985 | 638,736 | 595,421 | 875,445 | 1,331,844 | 259,819 | 1,663,253 | 2,495,894 | 1,031,878 |
| Interest Payable | 119,601 | 120,937 | 80,553 | 80,641 | 33,759 | 32,069 | 15,332 | |||
| Interest Receivable | 4,872 | 170 | 441 | 2,324 | 1 | |||||
| Pre-Tax Profit | 2,631,008 | 340,218 | 958,234 | 514,780 | 844,010 | -1,719,808 | 244,487 | 1,663,253 | 2,495,895 | 1,031,878 |
| Tax | -690,827 | -163,860 | -49,106 | 26,362 | -105,183 | -305,201 | -60,542 | -344,656 | -511,694 | -226,084 |
| Profit After Tax | 1,940,181 | 176,358 | 909,128 | 541,142 | 738,827 | -2,025,009 | 183,945 | 1,318,597 | 1,984,201 | 805,794 |
| Dividends Paid | 254,000 | 385,500 | 1,334,030 | 727,000 | 710,045 | 305,616 | ||||
| Retained Profit | 1,940,181 | 176,358 | 909,128 | 541,142 | 484,827 | -2,410,509 | -1,150,085 | 591,597 | 1,274,156 | 500,178 |
| Employee Costs | 7,743,065 | 6,224,954 | 7,199,792 | 7,883,352 | 8,583,121 | 8,034,585 | 5,946,847 | 4,610,950 | 3,751,045 | 4,088,824 |
| Number Of Employees | 118 | 153 | 138 | 168 | 199 | 213 | 144 | 116 | 84 | 88 |
| EBITDA* | 3,092,366 | 1,036,928 | 1,198,856 | 1,402,536 | 1,772,018 | 2,194,203 | 1,059,657 | 2,181,533 | 2,885,363 | 1,477,812 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,551,352 | 3,445,555 | 3,437,082 | 3,917,756 | 3,647,707 | 3,968,033 | 4,178,992 | 1,592,071 | 1,001,387 | 678,598 |
| Intangible Assets | -64,503 | -129,006 | -74,496 | -119,163 | -163,831 | -208,498 | -451,520 | -516,022 | -580,525 | |
| Investments & Other | 2,265,956 | |||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 3,551,352 | 3,381,052 | 3,308,076 | 3,843,260 | 3,528,544 | 3,804,202 | 6,236,450 | 1,140,551 | 485,365 | 98,073 |
| Stock & work in progress | 17,260 | 11,716 | 11,134 | 12,704 | ||||||
| Trade Debtors | 6,557,164 | 4,420,586 | 4,933,047 | 5,286,208 | 3,602,731 | 4,767,693 | 2,599,044 | 4,303,387 | 3,713,615 | 3,177,638 |
| Group Debtors | ||||||||||
| Misc Debtors | 3,288,901 | 2,577,892 | 2,240,259 | 1,137,448 | 1,138,861 | 674,287 | 541,937 | 517,848 | 207,316 | 202,006 |
| Cash | 2,596,641 | 1,001,328 | 868,367 | 849,054 | 2,006,689 | 231,141 | 1,675,493 | 1,398,124 | 1,650,212 | 369,529 |
| misc current assets | ||||||||||
| total current assets | 12,442,706 | 7,999,806 | 8,041,673 | 7,289,970 | 6,759,997 | 5,684,255 | 4,829,178 | 6,219,359 | 5,571,143 | 3,749,173 |
| total assets | 15,994,058 | 11,380,858 | 11,349,749 | 11,133,230 | 10,288,541 | 9,488,457 | 11,065,628 | 7,359,910 | 6,056,508 | 3,847,246 |
| Bank overdraft | 668,802 | 588,606 | 224,075 | |||||||
| Bank loan | 532,045 | 613,845 | 157,409 | |||||||
| Trade Creditors | 7,554,203 | 4,216,975 | 4,069,704 | 4,058,588 | 2,902,156 | 4,921,372 | 4,485,055 | 2,419,432 | 2,175,168 | 1,854,641 |
| Group/Directors Accounts | 97,000 | 28,032 | 98,285 | 190,000 | 285,015 | 15,400 | ||||
| other short term finances | 1,379,744 | 104,167 | 125,000 | 125,000 | ||||||
| hp & lease commitments | 206,692 | 244,573 | 287,320 | 191,711 | 276,733 | 387,299 | 517,385 | 376,612 | 252,323 | 131,050 |
| other current liabilities | 2,870,530 | 3,090,304 | 2,742,965 | 2,658,988 | 4,131,823 | 3,675,871 | 3,113,503 | 1,557,854 | 1,279,790 | 717,136 |
| total current liabilities | 11,260,470 | 8,193,729 | 7,867,076 | 7,687,893 | 7,534,787 | 9,426,966 | 9,495,687 | 4,458,065 | 3,847,681 | 2,827,827 |
| loans | 780,353 | 1,311,861 | 1,919,683 | 2,576,810 | 3,144,985 | 1,093,503 | 93,750 | 229,167 | ||
| hp & lease commitments | 249,516 | 190,411 | 86,057 | 284,367 | 256,691 | 102,127 | 303,153 | 436,286 | 238,242 | 216,597 |
| Accruals and Deferred Income | ||||||||||
| other liabilities | ||||||||||
| provisions | 119,351 | 40,670 | 9,104 | 25,459 | 61,795 | 60,405 | 50,823 | 99,509 | 102,382 | 73,364 |
| total long term liabilities | 1,149,220 | 1,542,942 | 2,014,844 | 2,886,636 | 3,463,471 | 1,256,035 | 353,976 | 535,795 | 434,374 | 519,128 |
| total liabilities | 12,409,690 | 9,736,671 | 9,881,920 | 10,574,529 | 10,998,258 | 10,683,001 | 9,849,663 | 4,993,860 | 4,282,055 | 3,346,955 |
| net assets | 3,584,368 | 1,644,187 | 1,467,829 | 558,701 | -709,717 | -1,194,544 | 1,215,965 | 2,366,050 | 1,774,453 | 500,291 |
| total shareholders funds | 3,584,368 | 1,644,187 | 1,467,829 | 558,701 | -709,717 | -1,194,544 | 1,215,965 | 2,366,050 | 1,774,453 | 500,291 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 2,745,737 | 685,985 | 638,736 | 595,421 | 875,445 | 1,331,844 | 259,819 | 1,663,253 | 2,495,894 | 1,031,878 |
| Depreciation | 411,132 | 415,446 | 495,618 | 762,448 | 851,905 | 817,692 | 755,170 | 453,778 | 324,966 | 445,934 |
| Amortisation | -64,503 | -64,503 | 64,502 | 44,667 | 44,668 | 44,667 | 44,668 | 64,502 | 64,503 | |
| Tax | -690,827 | -163,860 | -49,106 | 26,362 | -105,183 | -305,201 | -60,542 | -344,656 | -511,694 | -226,084 |
| Stock | -17,260 | 5,544 | 582 | -1,570 | 12,704 | |||||
| Debtors | 2,847,587 | -174,828 | 749,650 | 1,682,064 | -700,388 | 2,300,999 | -1,680,254 | 900,304 | 541,287 | 3,379,644 |
| Creditors | 3,337,228 | 147,271 | 11,116 | 1,156,432 | -2,019,216 | 436,317 | 2,065,623 | 244,264 | 320,527 | 1,854,641 |
| Accruals and Deferred Income | -219,774 | 347,339 | 83,977 | -1,472,835 | 455,952 | 562,368 | 1,555,649 | 278,064 | 562,654 | 717,136 |
| Deferred Taxes & Provisions | 78,681 | 31,566 | -16,355 | -36,336 | 1,390 | 9,582 | -48,686 | -2,873 | 29,018 | 73,364 |
| Cash flow from operations | 2,750,087 | 1,574,072 | 496,098 | -611,449 | 804,767 | 597,840 | 6,239,251 | 1,456,028 | 2,744,581 | 517,225 |
| Investing Activities | ||||||||||
| capital expenditure | -5,851,661 | -1,035,463 | -630,421 | -82,865 | ||||||
| Change in Investments | -2,265,956 | 2,265,956 | ||||||||
| cash flow from investments | 2,265,956 | -8,117,617 | -1,035,463 | -630,421 | -82,865 | |||||
| Financing Activities | ||||||||||
| Bank loans | -81,800 | 613,845 | -157,409 | 157,409 | ||||||
| Group/Directors Accounts | 68,968 | -70,253 | -91,715 | 190,000 | -285,015 | 285,015 | -15,400 | 15,400 | ||
| Other Short Term Loans | -1,379,744 | 1,275,577 | -20,833 | 125,000 | ||||||
| Long term loans | -531,508 | -607,822 | -657,127 | -568,175 | 2,051,482 | 1,093,503 | -93,750 | -135,417 | 229,167 | |
| Hire Purchase and Lease Commitments | 21,224 | 61,607 | -102,701 | -57,346 | 43,998 | -331,112 | 7,640 | 322,333 | 142,918 | 347,647 |
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | -114,729 | -120,767 | -80,112 | -80,641 | -31,435 | -32,069 | -15,332 | 1 | ||
| cash flow from financing | -637,845 | -123,390 | -931,655 | 211,114 | 1,621,621 | -206,998 | 1,267,885 | 192,350 | 22,908 | 701,927 |
| cash and cash equivalents | ||||||||||
| cash | 1,595,313 | 132,961 | 19,313 | -1,157,635 | 1,775,548 | -1,444,352 | 277,369 | -252,088 | 1,280,683 | 369,529 |
| overdraft | -668,802 | 80,196 | 364,531 | 224,075 | ||||||
| change in cash | 1,595,313 | 801,763 | -60,883 | -1,522,166 | 1,551,473 | -1,444,352 | 277,369 | -252,088 | 1,280,683 | 369,529 |
london diamond drilling holdings ltd Credit Report and Business Information
London Diamond Drilling Holdings Ltd Competitor Analysis
Perform a competitor analysis for london diamond drilling holdings ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in IG8 area or any other competitors across 12 key performance metrics.
london diamond drilling holdings ltd Ownership
LONDON DIAMOND DRILLING HOLDINGS LTD group structure
London Diamond Drilling Holdings Ltd has 2 subsidiary companies.
Ultimate parent company
LONDON DIAMOND DRILLING HOLDINGS LTD
08943769
2 subsidiaries
london diamond drilling holdings ltd directors
London Diamond Drilling Holdings Ltd currently has 3 directors. The longest serving directors include Mr Marc Seagroatt (Mar 2014) and Mrs Caroline Seagroatt (Jul 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Marc Seagroatt | United Kingdom | 49 years | Mar 2014 | - | Director |
| Mrs Caroline Seagroatt | England | 49 years | Jul 2014 | - | Director |
| Mr Daniel McIver | England | 48 years | Mar 2016 | - | Director |
P&L
June 2024turnover
48m
+86%
operating profit
2.7m
+300%
gross margin
20.3%
+5.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
3.6m
+1.18%
total assets
16m
+0.41%
cash
2.6m
+1.59%
net assets
Total assets minus all liabilities
london diamond drilling holdings ltd company details
company number
08943769
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
March 2014
age
11
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2024
previous names
ldd sh ltd (April 2014)
accountant
-
auditor
RAFFINGERS LLP
address
19-20 bourne court, southend road, woodford green, essex, IG8 8HD
Bank
-
Legal Advisor
-
london diamond drilling holdings 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 1 charges/mortgages relating to london diamond drilling holdings ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
london diamond drilling holdings 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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london diamond drilling holdings ltd Companies House Filings - See Documents
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