Drilling And Pumping Supplies Limited

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drilling and pumping supplies limited Company Information

Live

MatureMidDeclining

Company Number

NI025876

Website

http://dps-ni.com

Registered Address

8-10 balloo avenue, bangor, county down, BT19 7QT

Industry

Other retail sale not in stores, stalls or markets

Telephone

02891818347

Next Accounts Due

December 2024

Group Structure

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Directors

Tom Palmer9 Years

James Palmer9 Years

View All

Shareholders

electrical & pump services limited 100%

drilling and pumping supplies limited Estimated Valuation

£3.9m

Pomanda estimates the enterprise value of DRILLING AND PUMPING SUPPLIES LIMITED at £3.9m based on Net Assets of £1.9m and 2.01x industry multiple (adjusted for liquidity).

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Drilling And Pumping Supplies Limited is a live company located in county down, BT19 7QT with a Companies House number of NI025876. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in September 1991, it's largest shareholder is electrical & pump services limited with a 100% stake. Drilling And Pumping Supplies Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Drilling And Pumping Supplies Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £9.6m, make it larger than the average company (£878.4k)

Growth

3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (4.4%)

EXPORT

Drilling And Pumping Supplies Limited's latest turnover from March 2023 is estimated at £9.6 million and the company has net assets of £1.9 million. According to their latest financial statements, Drilling And Pumping Supplies Limited has 41 employees and maintains cash reserves of £1.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	9,591,420	12,977,805	10,460,334	18,096,251	7,358,196	5,864,392	5,047,041	5,665,434	4,805,125	3,636,294	5,828,349	5,337,406	5,214,537	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,467,368	8,750,660	7,014,760	12,087,717	4,847,880	4,283,664	3,715,320	3,684,965	3,205,792	2,444,238	3,893,290	3,490,271	3,414,669	0
Gross Profit	3,124,052	4,227,144	3,445,575	2,207,546	2,510,317	1,580,728	1,331,721	1,466,973	1,599,332	1,192,056	1,935,059	1,847,135	1,799,868	0
Admin Expenses	2,901,885	3,769,566	2,736,291	1,801,140	2,211,257	1,329,033	1,134,817	1,424,556	1,609,136	1,209,418	1,960,943	1,919,821	1,738,835	-121,186
Operating Profit	222,167	457,578	709,284	406,406	299,060	251,695	196,904	42,417	-9,804	-17,362	-25,884	-72,686	61,033	121,186
Interest Payable	77,725	64,924	31,448	41,396	26,684	4,540	4,737	4,342	0	0	0	0	0	0
Interest Receivable	3,556	4,245	622	0	1,069	0	0	0	272	314	89	59	96	54
Pre-Tax Profit	147,998	396,899	678,458	365,010	273,446	247,155	192,167	38,075	-9,532	-17,048	-25,795	-72,627	61,129	121,240
Tax	-28,120	-75,411	-128,907	-69,352	-51,955	-40,898	-33,631	-9,956	0	0	0	0	-17,116	-33,947
Profit After Tax	119,878	321,488	549,551	295,658	221,491	206,257	158,536	28,119	-9,532	-17,048	-25,795	-72,627	44,013	87,293
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	119,878	321,488	549,551	295,658	221,491	206,257	158,536	28,119	-9,532	-17,048	-25,795	-72,627	44,013	87,293
Employee Costs	1,394,135	1,306,675	1,102,681	1,070,716	1,101,692	819,897	661,228	822,786	631,380	483,396	735,466	691,278	756,721	0
Number Of Employees	41	39	35	35	34	26	21	25	20	15	24	23	26	0
EBITDA*	335,028	537,260	768,030	462,385	349,505	290,648	196,904	61,042	6,169	3,566	-2,904	-43,303	89,867	163,429

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	1,732,204	1,730,670	1,431,414	1,359,196	1,132,206	133,606	100,952	42,533	52,442	56,570	65,756	85,026	112,163	114,546
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,732,204	1,730,670	1,431,414	1,359,196	1,132,206	133,606	100,952	42,533	52,442	56,570	65,756	85,026	112,163	114,546
Stock & work in progress	508,732	492,231	327,835	260,006	124,053	374,151	289,299	361,429	271,887	249,268	245,136	280,961	221,120	201,789
Trade Debtors	1,744,754	2,589,461	1,906,125	3,388,075	1,543,979	1,330,296	1,207,868	686,450	597,731	422,722	769,430	640,315	687,054	590,081
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	87,126	59,469	391,014	0	59,815	33,485	76,521	0	0	0	0	0	0	0
Cash	1,743	165,607	966,427	278,090	183,833	101,251	96,292	161,206	11,896	96,758	28,850	6,618	16,811	21,565
misc current assets	0	0	392	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,342,355	3,306,768	3,591,793	3,926,171	1,911,680	1,839,183	1,669,980	1,209,085	881,514	768,748	1,043,416	927,894	924,985	813,435
total assets	4,074,559	5,037,438	5,023,207	5,285,367	3,043,886	1,972,789	1,770,932	1,251,618	933,956	825,318	1,109,172	1,012,920	1,037,148	927,981
Bank overdraft	69,544	299,392	400,737	0	363,274	382,006	401,510	0	0	0	0	0	0	0
Bank loan	37,060	37,060	37,060	0	45,349	0	0	0	0	0	0	0	0	0
Trade Creditors	834,630	1,582,345	1,718,209	3,712,888	906,258	796,898	981,694	1,181,507	890,788	777,506	1,040,362	914,667	867,048	799,056
Group/Directors Accounts	179,527	314,604	136,786	0	192,089	19,006	60,812	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	877	2,788	0	0	0	0	0	0	0
other current liabilities	422,975	384,340	625,062	0	236,558	342,689	98,136	0	0	0	0	0	0	0
total current liabilities	1,543,736	2,617,741	2,917,854	3,712,888	1,743,528	1,541,476	1,544,940	1,181,507	890,788	777,506	1,040,362	914,667	867,048	799,056
loans	517,393	556,145	593,289	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	936	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	631,114	654,651	0	0	3,591	4,767	0	3,333	6,943	8,608	14,584
provisions	81,148	51,148	21,148	0	0	7,097	7,097	7,097	7,097	6,976	7,593	7,631	5,186	2,048
total long term liabilities	598,541	607,293	614,437	631,114	654,651	7,097	8,033	10,688	11,864	6,976	10,926	14,574	13,794	16,632
total liabilities	2,142,277	3,225,034	3,532,291	4,344,002	2,398,179	1,548,573	1,552,973	1,192,195	902,652	784,482	1,051,288	929,241	880,842	815,688
net assets	1,932,282	1,812,404	1,490,916	941,365	645,707	424,216	217,959	59,423	31,304	40,836	57,884	83,679	156,306	112,293
total shareholders funds	1,932,282	1,812,404	1,490,916	941,365	645,707	424,216	217,959	59,423	31,304	40,836	57,884	83,679	156,306	112,293

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	222,167	457,578	709,284	406,406	299,060	251,695	196,904	42,417	-9,804	-17,362	-25,884	-72,686	61,033	121,186
Depreciation	112,861	79,682	58,746	55,979	50,445	38,953	0	18,625	15,973	20,928	22,980	29,383	28,834	42,243
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-28,120	-75,411	-128,907	-69,352	-51,955	-40,898	-33,631	-9,956	0	0	0	0	-17,116	-33,947
Stock	16,501	164,396	67,829	135,953	-250,098	84,852	-72,130	361,429	22,619	4,132	-35,825	59,841	19,331	201,789
Debtors	-817,050	351,791	-1,090,936	1,784,281	240,013	79,392	597,939	686,450	175,009	-346,708	129,115	-46,739	96,973	590,081
Creditors	-747,715	-135,864	-1,994,679	2,806,630	109,360	-184,796	-199,813	1,181,507	113,282	-262,856	125,695	47,619	67,992	799,056
Accruals and Deferred Income	38,635	-240,722	625,062	-236,558	-106,131	244,553	98,136	0	0	0	0	0	0	0
Deferred Taxes & Provisions	30,000	30,000	21,148	0	-7,097	0	0	7,097	121	-617	-38	2,445	3,138	2,048
Cash flow from operations	428,377	-400,924	313,761	1,042,871	303,767	145,263	-464,213	191,811	-78,056	82,669	29,463	-6,341	27,577	138,716
Investing Activities
capital expenditure	-114,395	-378,938	-130,964	-282,969	-1,049,045	-71,607	-58,419	-61,158	-11,845	-11,742	-3,710	-2,246	-26,451	-156,789
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-114,395	-378,938	-130,964	-282,969	-1,049,045	-71,607	-58,419	-61,158	-11,845	-11,742	-3,710	-2,246	-26,451	-156,789
Financing Activities
Bank loans	0	0	37,060	-45,349	45,349	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-135,077	177,818	136,786	-192,089	173,083	-41,806	60,812	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-38,752	-37,144	593,289	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-877	-2,847	3,724	0	0	0	0	0	0	0
other long term liabilities	0	0	-631,114	-23,537	654,651	0	-3,591	3,591	4,767	-3,333	-3,610	-1,665	-5,976	14,584
share issue	0	0	0	0	0	0	0	31,304	0	0	0	0	0	25,000
interest	-74,169	-60,679	-30,826	-41,396	-25,615	-4,540	-4,737	-4,342	272	314	89	59	96	54
cash flow from financing	-247,998	79,995	105,195	-302,371	846,591	-49,193	56,208	30,553	5,039	-3,019	-3,521	-1,606	-5,880	39,638
cash and cash equivalents
cash	-163,864	-800,820	688,337	94,257	82,582	4,959	-64,914	161,206	-84,862	67,908	22,232	-10,193	-4,754	21,565
overdraft	-229,848	-101,345	400,737	-363,274	-18,732	-19,504	401,510	0	0	0	0	0	0	0
change in cash	65,984	-699,475	287,600	457,531	101,314	24,463	-466,424	161,206	-84,862	67,908	22,232	-10,193	-4,754	21,565

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DRILLING AND PUMPING SUPPLIES LIMITED group structure

Drilling And Pumping Supplies Limited has no subsidiary companies.

Ultimate parent company

ELECTRICAL & PUMP SERVICES LIMITED

IE037769

1 parent

DRILLING AND PUMPING SUPPLIES LIMITED

NI025876

DRILLING AND PUMPING SUPPLIES LIMITED Shareholders

electrical & pump services limited

100%

Drilling And Pumping Supplies Limited currently has 5 directors. The longest serving directors include Mr Tom Palmer (May 2015) and Mr James Palmer (May 2015).

officer	country	age	start	end	role
Mr Tom Palmer	Ireland	55 years	May 2015	-	Director
Mr James Palmer	England	54 years	May 2015	-	Director
Mr Denis Buckley		49 years	May 2015	-	Director
Mr Patrick Buckley	England	49 years	May 2015	-	Director
Mr Ignatius Haran	Ireland	50 years	Sep 2018	-	Director

P&L

March 2023

turnover

9.6m

-26%

operating profit

222.2k

gross margin

32.6%

turnover

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

Balance Sheet

March 2023

net assets

1.9m

+0.07%

total assets

4.1m

-0.19%

cash

1.7k

-0.99%

net assets

Total assets minus all liabilities

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company number

NI025876

Type

Private limited with Share Capital

industry

47990 - Other retail sale not in stores, stalls or markets

incorporation date

September 1991

age

accounts

Small Company

ultimate parent company

ELECTRICAL & PUMP SERVICES LIMITED

previous names

N/A

incorporated

address

8-10 balloo avenue, bangor, county down, BT19 7QT

last accounts submitted

March 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 4 charges/mortgages relating to drilling and pumping supplies limited. Currently there are 3 open charges and 1 have been satisfied in the past.

drilling and pumping supplies limited Company Information

drilling and pumping supplies limited Estimated Valuation

drilling and pumping supplies limited Estimated Valuation

drilling and pumping supplies limited Estimated Valuation

Drilling And Pumping Supplies Limited Overview

Drilling And Pumping Supplies Limited Health Check

DRILLING AND PUMPING SUPPLIES LIMITED financials

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drilling and pumping supplies limited Ownership

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