geosonic drilling limited
geosonic drilling limited Company Information
Company Number
SC438005
Website
www.geosonicdrilling.co.ukRegistered Address
lime tree house, north castle street, alloa, FK10 1EX
Industry
Test drilling and boring
Telephone
01259727780
Next Accounts Due
October 2024
Group Structure
View All
Directors
Michael Mulraney11 Years
Shareholders
mul drilling ltd 100%
geosonic drilling limited Estimated Valuation
Pomanda estimates the enterprise value of GEOSONIC DRILLING LIMITED at £1.6m based on a Turnover of £4.1m and 0.39x industry multiple (adjusted for size and gross margin).
geosonic drilling limited Estimated Valuation
Pomanda estimates the enterprise value of GEOSONIC DRILLING LIMITED at £1.2m based on an EBITDA of £342.4k and a 3.61x industry multiple (adjusted for size and gross margin).
geosonic drilling limited Estimated Valuation
Pomanda estimates the enterprise value of GEOSONIC DRILLING LIMITED at £0 based on Net Assets of £-148.9k and 1.75x industry multiple (adjusted for liquidity).
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Geosonic Drilling Limited Overview
Geosonic Drilling Limited is a live company located in alloa, FK10 1EX with a Companies House number of SC438005. It operates in the test drilling and boring sector, SIC Code 43130. Founded in November 2012, it's largest shareholder is mul drilling ltd with a 100% stake. Geosonic Drilling Limited is a established, small sized company, Pomanda has estimated its turnover at £4.1m with healthy growth in recent years.
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Geosonic Drilling Limited Health Check
Pomanda's financial health check has awarded Geosonic Drilling Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £4.1m, make it smaller than the average company (£5.3m)
- Geosonic Drilling Limited
£5.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (0.2%)
- Geosonic Drilling Limited
0.2% - Industry AVG
Production
with a gross margin of 26.5%, this company has a comparable cost of product (26.5%)
- Geosonic Drilling Limited
26.5% - Industry AVG
Profitability
an operating margin of 7.2% make it more profitable than the average company (4.5%)
- Geosonic Drilling Limited
4.5% - Industry AVG
Employees
with 38 employees, this is below the industry average (53)
- Geosonic Drilling Limited
53 - Industry AVG
Pay Structure
on an average salary of £41k, the company has an equivalent pay structure (£41k)
- Geosonic Drilling Limited
£41k - Industry AVG
Efficiency
resulting in sales per employee of £108.5k, this is equally as efficient (£110.1k)
- Geosonic Drilling Limited
£110.1k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is earlier than average (55 days)
- Geosonic Drilling Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is quicker than average (47 days)
- Geosonic Drilling Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 75 days, this is more than average (11 days)
- Geosonic Drilling Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (10 weeks)
5 weeks - Geosonic Drilling Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 109.1%, this is a higher level of debt than the average (71.2%)
109.1% - Geosonic Drilling Limited
71.2% - Industry AVG
GEOSONIC DRILLING LIMITED financials
Geosonic Drilling Limited's latest turnover from January 2023 is estimated at £4.1 million and the company has net assets of -£148.9 thousand. According to their latest financial statements, we estimate that Geosonic Drilling Limited has 38 employees and maintains cash reserves of £170.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,880,371 | 3,735,415 | ||||||||
| Other Income Or Grants | 0 | 0 | ||||||||
| Cost Of Sales | 2,407,419 | 2,131,602 | ||||||||
| Gross Profit | 1,472,952 | 1,603,813 | ||||||||
| Admin Expenses | 1,753,615 | 1,531,743 | ||||||||
| Operating Profit | -280,663 | 72,070 | ||||||||
| Interest Payable | 138 | 0 | ||||||||
| Interest Receivable | 0 | 0 | ||||||||
| Pre-Tax Profit | -280,801 | 72,070 | ||||||||
| Tax | -25,291 | -25,245 | ||||||||
| Profit After Tax | -306,092 | 46,825 | ||||||||
| Dividends Paid | 0 | 0 | ||||||||
| Retained Profit | -306,092 | 46,825 | ||||||||
| Employee Costs | ||||||||||
| Number Of Employees | 35 | 38 | 36 | 35 | 32 | |||||
| EBITDA* | -180,100 | 162,851 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 119,199 | 116,208 | 112,582 | 130,885 | 137,570 | 95,858 | 122,494 | 118,326 | 106,395 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 119,199 | 116,208 | 112,582 | 130,885 | 137,570 | 95,858 | 122,494 | 118,326 | 106,395 | 0 |
| Stock & work in progress | 627,752 | 542,511 | 486,919 | 382,544 | 381,375 | 336,761 | 111,532 | 146,517 | 70,987 | 3,704 |
| Trade Debtors | 465,674 | 334,371 | 144,404 | 430,216 | 213,819 | 386,025 | 866,197 | 487,366 | 661,029 | 549,899 |
| Group Debtors | 43,369 | 17,721 | 275,715 | 534,755 | 650,924 | 232,868 | 461,501 | 0 | 0 | 0 |
| Misc Debtors | 204,195 | 279,287 | 195,215 | 604,340 | 578,655 | 370,942 | 161,113 | 134,863 | 0 | 0 |
| Cash | 170,073 | 15,045 | 397 | 2,539 | 51,469 | 1,177 | 201,933 | 86,557 | 88,177 | 87,791 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,511,063 | 1,188,935 | 1,102,650 | 1,954,394 | 1,876,242 | 1,327,773 | 1,802,276 | 855,303 | 820,193 | 641,394 |
| total assets | 1,630,262 | 1,305,143 | 1,215,232 | 2,085,279 | 2,013,812 | 1,423,631 | 1,924,770 | 973,629 | 926,588 | 641,394 |
| Bank overdraft | 147,160 | 170,647 | 167,287 | 230,909 | 0 | 188,463 | 0 | 0 | 0 | 0 |
| Bank loan | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 275,614 | 234,999 | 185,220 | 263,946 | 386,534 | 297,772 | 172,154 | 177,656 | 675,339 | 507,650 |
| Group/Directors Accounts | 1,139,965 | 1,053,715 | 565,574 | 1,377,485 | 1,560,499 | 111,238 | 485,045 | 0 | 0 | 0 |
| other short term finances | 0 | 10,000 | 5,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 172,775 | 178,377 | 218,414 | 337,608 | 299,288 | 809,604 | 938,868 | 502,403 | 0 | 0 |
| total current liabilities | 1,745,514 | 1,647,738 | 1,141,495 | 2,209,948 | 2,246,321 | 1,407,077 | 1,596,067 | 680,059 | 675,339 | 507,650 |
| loans | 25,000 | 35,000 | 45,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 8,612 | 0 | 0 | 0 | 0 | 0 | 0 | 11,692 | 21,314 | 0 |
| total long term liabilities | 33,612 | 35,000 | 45,000 | 0 | 0 | 0 | 0 | 11,692 | 21,314 | 0 |
| total liabilities | 1,779,126 | 1,682,738 | 1,186,495 | 2,209,948 | 2,246,321 | 1,407,077 | 1,596,067 | 691,751 | 696,653 | 507,650 |
| net assets | -148,864 | -377,595 | 28,737 | -124,669 | -232,509 | 16,554 | 328,703 | 281,878 | 229,935 | 133,744 |
| total shareholders funds | -148,864 | -377,595 | 28,737 | -124,669 | -232,509 | 16,554 | 328,703 | 281,878 | 229,935 | 133,744 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -280,663 | 72,070 | ||||||||
| Depreciation | 44,409 | 37,262 | 32,293 | 48,154 | 60,220 | 100,563 | 90,781 | 59,388 | 15,412 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -25,291 | -25,245 | ||||||||
| Stock | 85,241 | 55,592 | 104,375 | 1,169 | 44,614 | 225,229 | -34,985 | 75,530 | 67,283 | 3,704 |
| Debtors | 81,859 | 16,045 | -953,977 | 125,913 | 453,563 | -498,976 | 866,582 | -38,800 | 111,130 | 549,899 |
| Creditors | 40,615 | 49,779 | -78,726 | -122,588 | 88,762 | 125,618 | -5,502 | -497,683 | 167,689 | 507,650 |
| Accruals and Deferred Income | -5,602 | -40,037 | -119,194 | 38,320 | -510,316 | -129,264 | 436,465 | 502,403 | 0 | 0 |
| Deferred Taxes & Provisions | 8,612 | 0 | 0 | 0 | 0 | 0 | -11,692 | -9,622 | 21,314 | 0 |
| Cash flow from operations | 64,710 | -274,720 | ||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 86,250 | 488,141 | -811,911 | -183,014 | 1,449,261 | -373,807 | 485,045 | 0 | 0 | 0 |
| Other Short Term Loans | -10,000 | 5,000 | 5,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,000 | -10,000 | 45,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -138 | 0 | ||||||||
| cash flow from financing | -380,002 | 485,045 | ||||||||
| cash and cash equivalents | ||||||||||
| cash | 155,028 | 14,648 | -2,142 | -48,930 | 50,292 | -200,756 | 115,376 | -1,620 | 386 | 87,791 |
| overdraft | -23,487 | 3,360 | -63,622 | 230,909 | -188,463 | 188,463 | 0 | 0 | 0 | 0 |
| change in cash | 178,515 | 11,288 | 61,480 | -279,839 | 238,755 | -389,219 | 115,376 | -1,620 | 386 | 87,791 |
geosonic drilling limited Credit Report and Business Information
Geosonic Drilling Limited Competitor Analysis
Perform a competitor analysis for geosonic drilling limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in FK10 area or any other competitors across 12 key performance metrics.
geosonic drilling limited Ownership
GEOSONIC DRILLING LIMITED group structure
Geosonic Drilling Limited has no subsidiary companies.
geosonic drilling limited directors
Geosonic Drilling Limited currently has 1 director, Mr Michael Mulraney serving since Nov 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Mulraney | 55 years | Nov 2012 | - | Director |
P&L
January 2023turnover
4.1m
+13%
operating profit
298k
0%
gross margin
26.5%
-19.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
-148.9k
-0.61%
total assets
1.6m
+0.25%
cash
170.1k
+10.3%
net assets
Total assets minus all liabilities
geosonic drilling limited company details
company number
SC438005
Type
Private limited with Share Capital
industry
43130 - Test drilling and boring
incorporation date
November 2012
age
12
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
January 2023
previous names
N/A
accountant
BDO LLP
auditor
-
address
lime tree house, north castle street, alloa, FK10 1EX
Bank
CLYDESDALE BANK
Legal Advisor
-
geosonic drilling limited 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 geosonic drilling limited. Currently there are 1 open charges and 0 have been satisfied in the past.
geosonic drilling limited Companies House Filings - See Documents
| date | description | view/download |
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