Deep Casing Tools Limited

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deep casing tools limited Company Information

Live

MatureMidRapid

Company Number

SC199420

Website

www.deepcasingtools.com

Registered Address

unit 4 & 5 enterprise drive, westhill industrial estate, westhill, AB32 6TQ

Industry

Support activities for petroleum and natural gas extraction

Other research and experimental development on natural sciences and engineering

Telephone

01224572070

Next Accounts Due

September 2025

Group Structure

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Directors

David Stephenson0 Years

David Johnson0 Years

View All

Shareholders

casing technologies group limited 100%

deep casing tools limited Estimated Valuation

£16.5m

Pomanda estimates the enterprise value of DEEP CASING TOOLS LIMITED at £16.5m based on an EBITDA of £3.5m and a 4.77x industry multiple (adjusted for size and gross margin).

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Deep Casing Tools Limited is a live company located in westhill, AB32 6TQ with a Companies House number of SC199420. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in September 1999, it's largest shareholder is casing technologies group limited with a 100% stake. Deep Casing Tools Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.7m with rapid growth in recent years.

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Pomanda's financial health check has awarded Deep Casing Tools Limited a 4 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 Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £11.7m, make it in line with the average company (£11.3m)

Growth

3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (4.8%)

EXPORT

Deep Casing Tools Limited's latest turnover from December 2023 is estimated at £11.7 million and the company has net assets of £3.6 million. According to their latest financial statements, Deep Casing Tools Limited has 19 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Mar 2019	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	11,652,235	9,162,140	4,872,500	3,246,661	1,982,373	4,355,166	1,984,916	4,418,192	5,141,662	7,757,283	5,989,942	4,946,916	3,249,403	5,351,969	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,638,261	6,086,903	3,358,947	2,235,004	1,276,925	2,815,755	1,296,477	2,922,841	3,330,752	5,092,196	3,854,113	3,250,308	2,115,393	3,423,464	0
Gross Profit	4,013,974	3,075,237	1,513,553	1,011,657	705,448	1,539,412	688,438	1,495,351	1,810,910	2,665,087	2,135,829	1,696,608	1,134,010	1,928,505	0
Admin Expenses	736,110	1,534,379	2,378,967	3,413,606	2,475,221	12,685,676	3,490,663	2,219,993	2,642,615	2,851,243	2,075,727	1,870,257	1,874,768	2,827,651	2,400,765
Operating Profit	3,277,864	1,540,858	-865,414	-2,401,949	-1,769,773	-11,146,264	-2,802,225	-724,642	-831,705	-186,156	60,102	-173,649	-740,758	-899,146	-2,400,765
Interest Payable	68,506	34,814	0	0	0	0	0	0	0	222,700	222,700	0	0	91,228	91,228
Interest Receivable	68,077	20,845	1,290	264	417	393	4,587	3,256	2,962	330	686	1,125	817	747	564
Pre-Tax Profit	3,277,435	1,526,889	-864,124	-2,401,685	-1,769,356	-11,145,871	-2,797,638	-721,386	-828,743	-408,525	-161,912	-172,524	-739,941	-989,627	-2,491,429
Tax	-819,359	-290,109	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	2,458,076	1,236,780	-864,124	-2,401,685	-1,769,356	-11,145,871	-2,797,638	-721,386	-828,743	-408,525	-161,912	-172,524	-739,941	-989,627	-2,491,429
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,458,076	1,236,780	-864,124	-2,401,685	-1,769,356	-11,145,871	-2,797,638	-721,386	-828,743	-408,525	-161,912	-172,524	-739,941	-989,627	-2,491,429
Employee Costs	1,270,223	1,193,742	1,116,390	858,872	1,027,623	840,262	840,876	959,471	1,339,472	1,466,764	2,378,719	1,980,897	1,331,532	2,179,739	0
Number Of Employees	19	18	17	14	17	14	14	16	22	25	42	36	25	42	0
EBITDA*	3,462,560	1,697,869	-746,826	-2,334,752	-1,737,925	-11,116,706	-2,776,409	-677,566	-785,736	-135,182	105,875	-115,893	-682,419	-853,113	-2,362,236

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Mar 2019	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	1,123,067	559,474	365,846	240,978	47,008	45,628	15,599	35,879	48,488	78,171	91,758	70,084	99,271	100,471	55,093
Intangible Assets	193,008	226,124	242,492	246,286	196,822	115,451	1,572	6,294	12,406	18,999	25,932	32,865	39,798	46,731	53,664
Investments & Other	0	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	0
Total Fixed Assets	1,316,075	785,598	608,338	487,264	243,830	161,079	17,171	42,173	60,894	97,170	117,690	102,949	139,069	147,202	108,757
Stock & work in progress	3,058,541	2,935,767	781,655	1,287,387	1,808,033	2,146,268	2,623,310	3,145,827	4,057,910	4,803,580	1,837,472	1,251,800	1,323,737	423,167	271,449
Trade Debtors	2,837,268	2,200,062	1,289,934	694,905	176,982	1,052,295	10,104	0	595,673	529,706	1,003,752	737,325	373,365	1,020,084	493,879
Group Debtors	0	0	0	0	0	0	0	49,813	190,068	340,465	0	0	0	0	0
Misc Debtors	893,951	636,402	703,459	412,332	736,441	199,989	306,801	99,217	272,980	482,473	0	0	0	0	0
Cash	2,141,159	581,911	609,204	423,024	730,084	104,852	360,684	1,473,983	1,130,794	54,119	77,894	196,369	253,485	73,150	225,663
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	8,930,919	6,354,142	3,384,252	2,817,648	3,451,540	3,503,404	3,300,899	4,768,840	6,247,425	6,210,343	2,919,118	2,185,494	1,950,587	1,516,401	990,991
total assets	10,246,994	7,139,740	3,992,590	3,304,912	3,695,370	3,664,483	3,318,070	4,811,013	6,308,319	6,307,513	3,036,808	2,288,443	2,089,656	1,663,603	1,099,748
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	251,300	220,276	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,970,832	1,217,478	213,878	129,988	60,341	225,098	198,810	49,583	218,189	1,266,991	400,300	395,489	298,149	652,174	407,001
Group/Directors Accounts	3,749,304	3,006,138	3,311,541	2,289,727	1,963,201	183,080	11,835,374	10,627,196	11,271,621	9,444,289	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	451,061	1,078,123	598,869	152,771	307,073	122,194	255,963	308,673	271,562	220,543	0	0	0	0	0
total current liabilities	6,422,497	5,522,015	4,124,288	2,572,486	2,330,615	530,372	12,290,147	10,985,452	11,761,372	10,931,823	400,300	395,489	298,149	652,174	407,001
loans	261,339	512,643	0	0	0	0	0	0	0	0	6,852,293	0	0	0	2,807,028
hp & lease commitments	0	0	0	0	0	0	0	0	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	5,946,827	5,672,856	4,152,837	37,500
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	261,339	512,643	0	0	0	0	0	0	0	0	6,852,293	5,946,827	5,672,856	4,152,837	2,844,528
total liabilities	6,683,836	6,034,658	4,124,288	2,572,486	2,330,615	530,372	12,290,147	10,985,452	11,761,372	10,931,823	7,252,593	6,342,316	5,971,005	4,805,011	3,251,529
net assets	3,563,158	1,105,082	-131,698	732,426	1,364,755	3,134,111	-8,972,077	-6,174,439	-5,453,053	-4,624,310	-4,215,785	-4,053,873	-3,881,349	-3,141,408	-2,151,781
total shareholders funds	3,563,158	1,105,082	-131,698	732,426	1,364,755	3,134,111	-8,972,077	-6,174,439	-5,453,053	-4,624,310	-4,215,785	-4,053,873	-3,881,349	-3,141,408	-2,151,781

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Mar 2020	Mar 2019	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	3,277,864	1,540,858	-865,414	-2,401,949	-1,769,773	-11,146,264	-2,802,225	-724,642	-831,705	-186,156	60,102	-173,649	-740,758	-899,146	-2,400,765
Depreciation	151,395	124,374	88,482	47,991	17,719	17,524	21,094	40,964	39,376	44,041	38,840	50,823	51,406	39,100	31,596
Amortisation	33,301	32,637	30,106	19,206	14,129	12,034	4,722	6,112	6,593	6,933	6,933	6,933	6,933	6,933	6,933
Tax	-819,359	-290,109	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock	122,774	2,154,112	-505,732	-858,881	-338,235	2,146,268	-522,517	-912,083	-745,670	2,966,108	585,672	-71,937	900,570	151,718	271,449
Debtors	894,755	843,071	886,156	-145,047	-338,861	1,252,284	167,875	-909,691	-293,923	348,892	266,427	363,960	-646,719	526,205	493,879
Creditors	753,354	1,003,600	83,890	-95,110	-164,757	225,098	149,227	-168,606	-1,048,802	866,691	4,811	97,340	-354,025	245,173	407,001
Accruals and Deferred Income	-627,062	479,254	446,098	30,577	184,879	122,194	-52,710	37,111	51,019	220,543	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	1,751,964	-106,569	-597,262	-1,395,357	-1,040,707	-14,167,966	-2,325,250	1,012,713	-743,926	-2,362,948	-741,413	-310,576	-1,290,295	-1,285,863	-2,720,563
Investing Activities
capital expenditure	-715,173	-334,271	-239,662	-393,382	-114,599	-190,637	-814	-28,355	-9,693	-30,454	-60,514	-21,636	-50,206	-84,478	-147,286
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-715,173	-334,271	-239,662	-393,382	-114,599	-190,637	-814	-28,355	-9,693	-30,454	-60,514	-21,636	-50,206	-84,478	-147,286
Financing Activities
Bank loans	31,024	220,276	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	743,166	-305,403	1,021,814	2,106,647	1,780,121	183,080	1,208,178	-644,425	1,827,332	9,444,289	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-251,304	512,643	0	0	0	0	0	0	0	-6,852,293	6,852,293	0	0	-2,807,028	2,807,028
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	-5,946,827	273,971	1,520,019	4,115,337	37,500
share issue	0	0	0	0	0	14,279,982	0	0	0	0	0	0	0	0	339,648
interest	-429	-13,969	1,290	264	417	393	4,587	3,256	2,962	-222,370	-222,014	1,125	817	-90,481	-90,664
cash flow from financing	522,457	413,547	1,023,104	2,106,911	1,780,538	14,463,455	1,212,765	-641,169	1,830,294	2,369,626	683,452	275,096	1,520,836	1,217,828	3,093,512
cash and cash equivalents
cash	1,559,248	-27,293	186,180	318,172	625,232	104,852	-1,113,299	343,189	1,076,675	-23,775	-118,475	-57,116	180,335	-152,513	225,663
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,559,248	-27,293	186,180	318,172	625,232	104,852	-1,113,299	343,189	1,076,675	-23,775	-118,475	-57,116	180,335	-152,513	225,663

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DEEP CASING TOOLS LIMITED group structure

Deep Casing Tools Limited has no subsidiary companies.

Ultimate parent company

ENERGY VENTURES III LP

#0024809

CASING TECHNOLOGIES GROUP LIMITED

SC328867

2 parents

DEEP CASING TOOLS LIMITED

SC199420

DEEP CASING TOOLS LIMITED Shareholders

casing technologies group limited

100%

Deep Casing Tools Limited currently has 3 directors. The longest serving directors include Mr David Stephenson (Mar 2024) and Mr David Johnson (Mar 2024).

officer	country	age	start	end	role
Mr David Stephenson	Scotland	54 years	Mar 2024	-	Director
Mr David Johnson	United States	60 years	Mar 2024	-	Director
Mr R. Prejean	United States	63 years	Mar 2024	-	Director

P&L

December 2023

turnover

11.7m

+27%

operating profit

3.3m

gross margin

34.5%

+2.63%

turnover

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

Balance Sheet

December 2023

net assets

3.6m

+2.22%

total assets

10.2m

+0.44%

cash

2.1m

+2.68%

net assets

Total assets minus all liabilities

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company number

SC199420

Type

Private limited with Share Capital

industry

09100 - Support activities for petroleum and natural gas extraction

72190 - Other research and experimental development on natural sciences and engineering

incorporation date

September 1999

ultimate parent company

ENERGY VENTURES III LP

previous names

futuretec limited (February 2010)

isandco three hundred and forty eight limited (January 2000)

address

unit 4 & 5 enterprise drive, westhill industrial estate, westhill, AB32 6TQ

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 9 charges/mortgages relating to deep casing tools limited. Currently there are 0 open charges and 9 have been satisfied in the past.

deep casing tools limited Company Information

deep casing tools limited Estimated Valuation

deep casing tools limited Estimated Valuation

deep casing tools limited Estimated Valuation

Deep Casing Tools Limited Overview

Deep Casing Tools Limited Health Check

DEEP CASING TOOLS LIMITED financials

deep casing tools limited Credit Report and Business Information

Deep Casing Tools Limited Competitor Analysis

deep casing tools limited Ownership

deep casing tools limited directors

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