J. A. M. Drilling Limited

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j. a. m. drilling limited Company Information

Live

EstablishedMidHealthy

Company Number

SC369132

Website

www.jamdrillingltd.co.uk

Registered Address

basement office, 2 gibraltar street, oban, argyll, PA34 4AY

Industry

Wired telecommunications activities

Construction of utility projects for electricity and telecommunications

Telephone

Next Accounts Due

September 2025

Group Structure

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Directors

John MacNiven14 Years

Shareholders

john alister macniven 55%

kirstin deirdre macniven 45%

j. a. m. drilling limited Estimated Valuation

£6.1m

Pomanda estimates the enterprise value of J. A. M. DRILLING LIMITED at £6.1m based on a Turnover of £9.5m and 0.64x industry multiple (adjusted for size and gross margin).

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J. A. M. Drilling Limited is a live company located in oban, PA34 4AY with a Companies House number of SC369132. It operates in the construction of utility projects for electricity and telecommunications sector, SIC Code 42220. Founded in November 2009, it's largest shareholder is john alister macniven with a 55% stake. J. A. M. Drilling Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded J. A. M. Drilling Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £9.5m, make it larger than the average company (£3.3m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a slower rate (10.7%)

EXPORT

J. A. M. Drilling Limited's latest turnover from December 2023 is estimated at £9.5 million and the company has net assets of £207.3 thousand. According to their latest financial statements, J. A. M. Drilling Limited has 89 employees and maintains cash reserves of £72.5 thousand 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	Dec 2010
Turnover	9,528,941	9,823,086	9,263,371	7,554,714	8,922,364	8,142,520	7,340,798	5,952,030	1,055,402	1,110,633	936,969	792,093	326,048	176,512
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,220,956	6,329,063	6,093,706	4,874,083	5,627,282	5,016,630	4,785,633	4,050,268	737,547	803,214	686,768	588,311	232,254	127,560
Gross Profit	3,307,986	3,494,023	3,169,665	2,680,631	3,295,082	3,125,889	2,555,166	1,901,762	317,856	307,420	250,202	203,782	93,794	48,951
Admin Expenses	3,126,349	3,701,779	3,315,437	2,696,650	3,303,112	3,155,060	2,240,006	1,827,085	221,884	239,697	162,589	96,243	70,026	48,003
Operating Profit	181,637	-207,756	-145,772	-16,019	-8,030	-29,171	315,160	74,677	95,972	67,723	87,613	107,539	23,768	948
Interest Payable	51,901	57,510	20,214	3,798	6,240	6,923	5,817	3,126	0	0	0	0	0	0
Interest Receivable	1,814	0	204	82	0	977	1,223	454	712	675	480	279	127	30
Pre-Tax Profit	131,549	-265,266	-165,782	-19,735	-14,270	-35,118	310,565	72,005	96,684	68,397	88,094	107,817	23,895	978
Tax	-32,887	0	0	0	0	0	-59,007	-14,401	-19,337	-14,363	-20,262	-25,876	-6,213	-274
Profit After Tax	98,662	-265,266	-165,782	-19,735	-14,270	-35,118	251,558	57,604	77,347	54,034	67,832	81,941	17,682	704
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	98,662	-265,266	-165,782	-19,735	-14,270	-35,118	251,558	57,604	77,347	54,034	67,832	81,941	17,682	704
Employee Costs	4,715,386	4,609,664	4,972,636	4,106,284	4,276,653	3,980,203	3,672,625	2,914,860	230,909	216,946	209,185	207,431	75,844	42,483
Number Of Employees	89	88	101	83	84	82	78	55	5	5	5	5	2	1
EBITDA*	433,227	82,226	194,343	267,201	173,955	108,832	418,584	154,322	146,245	107,127	119,050	127,739	35,228	6,811

* 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	Dec 2010
Tangible Assets	754,090	869,588	1,019,843	849,239	545,328	413,073	308,870	238,822	150,645	117,958	93,933	60,035	34,018	17,291
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	754,090	869,588	1,019,843	849,239	545,328	413,073	308,870	238,822	150,645	117,958	93,933	60,035	34,018	17,291
Stock & work in progress	1,161,394	1,393,907	603,000	104,000	0	0	0	0	0	0	0	0	0	0
Trade Debtors	751,969	674,447	886,422	980,326	1,158,926	967,029	686,092	538,637	244,860	163,331	134,596	100,216	28,364	15,087
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	6,549	0	0	0	0	0	0	0	37,141	0	0	0	0	0
Cash	72,545	0	0	163,386	0	0	260,408	228,646	134,478	150,413	119,559	72,477	38,923	11,906
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,992,457	2,068,354	1,489,422	1,247,712	1,158,926	967,029	946,500	767,283	416,479	313,744	254,155	172,693	67,287	26,993
total assets	2,746,547	2,937,942	2,509,265	2,096,951	1,704,254	1,380,102	1,255,370	1,006,105	567,124	431,702	348,088	232,728	101,305	44,284
Bank overdraft	146,941	382,029	211,150	24,125	42,928	89,332	21,056	21,056	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	180,081	131,763	28,940	189,367	274,481	144,193	181,447	126,250	27,318	178,695	154,341	132,301	82,819	43,480
Group/Directors Accounts	0	0	0	0	0	0	0	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	240,792	243,581	232,501	182,378	136,875	85,575	60,600	56,525	32,725	0	0	0	0	0
other current liabilities	1,522,492	1,446,037	815,537	505,480	357,356	231,233	186,537	281,028	161,883	0	0	0	0	0
total current liabilities	2,090,306	2,203,410	1,288,128	901,350	811,640	550,333	449,640	484,859	221,926	178,695	154,341	132,301	82,819	43,480
loans	167,037	247,645	369,917	41,667	15,792	36,848	57,904	78,960	0	0	0	0	0	0
hp & lease commitments	229,648	372,415	477,323	512,563	242,115	143,944	77,250	37,278	15,429	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	0	0	0	0	0	0	7,122	8,203	0	0	0
provisions	52,263	5,841	0	101,692	75,293	75,293	61,774	47,764	30,129	23,592	17,285	0	0	0
total long term liabilities	448,948	625,901	847,240	655,922	333,200	256,085	196,928	164,002	45,558	30,714	25,488	0	0	0
total liabilities	2,539,254	2,829,311	2,135,368	1,557,272	1,144,840	806,418	646,568	648,861	267,484	209,409	179,829	132,301	82,819	43,480
net assets	207,293	108,631	373,897	539,679	559,414	573,684	608,802	357,244	299,640	222,293	168,259	100,427	18,486	804
total shareholders funds	207,293	108,631	373,897	539,679	559,414	573,684	608,802	357,244	299,640	222,293	168,259	100,427	18,486	804

	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	Dec 2010
Operating Activities
Operating Profit	181,637	-207,756	-145,772	-16,019	-8,030	-29,171	315,160	74,677	95,972	67,723	87,613	107,539	23,768	948
Depreciation	251,590	289,982	340,115	283,220	181,985	138,003	103,424	79,645	50,273	39,404	31,437	20,200	11,460	5,863
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-32,887	0	0	0	0	0	-59,007	-14,401	-19,337	-14,363	-20,262	-25,876	-6,213	-274
Stock	-232,513	790,907	499,000	104,000	0	0	0	0	0	0	0	0	0	0
Debtors	84,071	-211,975	-93,904	-178,600	191,897	280,937	147,455	256,636	118,670	28,735	34,380	71,852	13,277	15,087
Creditors	48,318	102,823	-160,427	-85,114	130,288	-37,254	55,197	98,932	-151,377	24,354	22,040	49,482	39,339	43,480
Accruals and Deferred Income	76,455	630,500	310,057	148,124	126,123	44,696	-94,491	119,145	161,883	0	0	0	0	0
Deferred Taxes & Provisions	46,422	5,841	-101,692	26,399	0	13,519	14,010	17,635	6,537	6,307	17,285	0	0	0
Cash flow from operations	719,977	242,458	-162,815	431,210	238,469	-151,144	186,838	118,997	25,281	94,690	103,733	79,493	55,077	34,930
Investing Activities
capital expenditure	-136,092	-139,727	-510,719	-587,131	-314,240	-242,206	-173,472	-167,822	-82,960	-63,429	-65,335	-46,217	-28,187	-23,154
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-136,092	-139,727	-510,719	-587,131	-314,240	-242,206	-173,472	-167,822	-82,960	-63,429	-65,335	-46,217	-28,187	-23,154
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	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	-80,608	-122,272	328,250	25,875	-21,056	-21,056	-21,056	78,960	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-145,556	-93,828	14,883	315,951	149,471	91,669	44,047	45,649	48,154	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-7,122	-1,081	8,203	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-50,087	-57,510	-20,010	-3,716	-6,240	-5,946	-4,594	-2,672	712	675	480	279	127	30
cash flow from financing	-276,251	-273,610	323,123	338,110	122,175	64,667	18,397	121,937	41,744	-406	8,683	279	127	130
cash and cash equivalents
cash	72,545	0	-163,386	163,386	0	-260,408	31,762	94,168	-15,935	30,854	47,082	33,554	27,017	11,906
overdraft	-235,088	170,879	187,025	-18,803	-46,404	68,276	0	21,056	0	0	0	0	0	0
change in cash	307,633	-170,879	-350,411	182,189	46,404	-328,684	31,762	73,112	-15,935	30,854	47,082	33,554	27,017	11,906

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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J. A. M. DRILLING LIMITED group structure

J. A. M. Drilling Limited has no subsidiary companies.

Ultimate parent company

J. A. M. DRILLING LIMITED

SC369132

J. A. M. DRILLING LIMITED Shareholders

john alister macniven	55%
kirstin deirdre macniven	45%

J. A. M. Drilling Limited currently has 1 director, Mr John MacNiven serving since Nov 2009.

officer	country	age	start	end	role
Mr John MacNiven	Scotland	53 years	Nov 2009	-	Director

P&L

December 2023

turnover

9.5m

-3%

operating profit

181.6k

gross margin

34.8%

-2.4%

turnover

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

Balance Sheet

December 2023

net assets

207.3k

+0.91%

total assets

2.7m

-0.07%

cash

72.5k

net assets

Total assets minus all liabilities

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company number

SC369132

Type

Private limited with Share Capital

industry

61100 - Wired telecommunications activities

42220 - Construction of utility projects for electricity and telecommunications

incorporation date

November 2009

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

basement office, 2 gibraltar street, oban, argyll, PA34 4AY

last accounts submitted

December 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 2 charges/mortgages relating to j. a. m. drilling limited. Currently there are 0 open charges and 2 have been satisfied in the past.

j. a. m. drilling limited Company Information

j. a. m. drilling limited Estimated Valuation

j. a. m. drilling limited Estimated Valuation

j. a. m. drilling limited Estimated Valuation

J. A. M. Drilling Limited Overview

J. A. M. Drilling Limited Health Check

J. A. M. DRILLING LIMITED financials

j. a. m. drilling limited Credit Report and Business Information

J. A. M. Drilling Limited Competitor Analysis

j. a. m. drilling limited Ownership

j. a. m. drilling limited directors

j. a. m. drilling limited company details

j. a. m. drilling limited Charges & Mortgages

j. a. m. drilling limited Companies House Filings - See Documents