tomax drilling technology uk limitedEstimated Valuation
£4.8m
Pomanda estimates the enterprise value of TOMAX DRILLING TECHNOLOGY UK LIMITED at £4.8m based on a Turnover of £8.6m and 0.56x industry multiple (adjusted for size and gross margin).
tomax drilling technology uk limitedEstimated Valuation
£841.7k
Pomanda estimates the enterprise value of TOMAX DRILLING TECHNOLOGY UK LIMITED at £841.7k based on an EBITDA of £433.5k and a 1.94x industry multiple (adjusted for size and gross margin).
tomax drilling technology uk limitedEstimated Valuation
£355.8k
Pomanda estimates the enterprise value of TOMAX DRILLING TECHNOLOGY UK LIMITED at £355.8k based on Net Assets of £268.9k and 1.32x industry multiple (adjusted for liquidity).
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Tomax Drilling Technology Uk LimitedOverview
Tomax Drilling Technology Uk Limited is a live company located in aberdeen, AB10 1XL with a Companies House number of SC492836. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in December 2014, it's largest shareholder is
tomax as
with a 100% stake. Tomax Drilling Technology Uk Limited is a established,
mid sized company, Pomanda has estimated its turnover at
£8.6m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Tomax Drilling Technology Uk Limited a 3.5 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 Rating3.5out of 5
3 Strong
2 Regular
7 Weak
Size
annual sales of £8.6m, make it smaller than the average company (£16.4m)
£8.6m - Tomax Drilling Technology Uk Limited
£16.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (3.3%)
34% - Tomax Drilling Technology Uk Limited
3.3% - Industry AVG
Production
with a gross margin of 24.4%, this company has a comparable cost of product (24.4%)
24.4% - Tomax Drilling Technology Uk Limited
24.4% - Industry AVG
Profitability
an operating margin of 5% make it less profitable than the average company (6.7%)
5% - Tomax Drilling Technology Uk Limited
6.7% - Industry AVG
Employees
with 10 employees, this is below the industry average (41)
10 - Tomax Drilling Technology Uk Limited
41 - Industry AVG
Pay Structure
on an average salary of £71.2k, the company has an equivalent pay structure (£71.2k)
£71.2k - Tomax Drilling Technology Uk Limited
£71.2k - Industry AVG
Efficiency
resulting in sales per employee of £855.8k, this is more efficient (£216.7k)
£855.8k - Tomax Drilling Technology Uk Limited
£216.7k - Industry AVG
Debtor Days
it gets paid by customers after 112 days, this is later than average (53 days)
112 days - Tomax Drilling Technology Uk Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (27 days)
6 days - Tomax Drilling Technology Uk Limited
27 days - Industry AVG
Stock Days
it holds stock equivalent to 56 days, this is more than average (28 days)
56 days - Tomax Drilling Technology Uk Limited
28 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 9 weeks, this is more cash available to meet short term requirements (6 weeks)
9 weeks - Tomax Drilling Technology Uk Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.9%, this is a higher level of debt than the average (55.1%)
93.9% - Tomax Drilling Technology Uk Limited
55.1% - Industry AVG
TOMAX DRILLING TECHNOLOGY UK LIMITED financials
EXPORT
Tomax Drilling Technology Uk Limited's latest turnover from December 2023 is estimated at £8.6 million and the company has net assets of £268.9 thousand. According to their latest financial statements, Tomax Drilling Technology Uk Limited has 10 employees and maintains cash reserves of £729.6 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
Turnover
8,558,217
3,307,862
2,824,051
3,576,348
5,834,801
2,627,616
1,871,518
1,178,191
693,468
Other Income Or Grants
Cost Of Sales
6,471,401
2,625,614
2,374,900
2,946,944
4,623,315
2,119,042
1,439,511
912,363
524,122
Gross Profit
2,086,817
682,249
449,152
629,403
1,211,486
508,574
432,007
265,828
169,346
Admin Expenses
1,656,706
1,303,599
968,412
1,169,024
-375,693
134,305
630,881
145,869
64,938
Operating Profit
430,111
-621,350
-519,260
-539,621
1,587,179
374,269
-198,874
119,959
104,408
Interest Payable
2
2
Interest Receivable
34,317
19,356
1,379
620
5,324
3,555
1,289
877
949
Pre-Tax Profit
464,428
-601,994
-517,881
-539,002
1,592,501
377,823
-197,585
120,836
105,358
Tax
-116,107
-302,575
-71,786
-24,167
-21,071
Profit After Tax
348,321
-601,994
-517,881
-539,002
1,289,926
306,037
-197,585
96,669
84,286
Dividends Paid
Retained Profit
348,321
-601,994
-517,881
-539,002
1,289,926
306,037
-197,585
96,669
84,286
Employee Costs
712,063
582,267
362,019
263,351
276,044
204,119
132,898
135,886
139,040
Number Of Employees
10
8
5
4
4
3
2
2
2
EBITDA*
433,454
-609,112
-504,867
-523,699
1,599,994
381,235
-192,402
125,765
111,031
* 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
Tangible Assets
4,005
13,327
22,536
31,862
39,736
23,814
9,826
17,189
11,252
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
4,005
13,327
22,536
31,862
39,736
23,814
9,826
17,189
11,252
Stock & work in progress
1,002,384
725,824
467,887
422,398
438,399
186,045
221,210
118,129
Trade Debtors
2,636,320
777,820
580,621
790,882
1,937,323
905,544
526,468
303,350
135,765
Group Debtors
Misc Debtors
57,479
84,530
63,095
98,682
128,105
69,434
64,571
19,678
50,183
Cash
729,553
577,751
528,314
575,037
665,477
754,337
193,637
321,823
379,714
misc current assets
total current assets
4,425,736
2,165,925
1,639,917
1,886,999
3,169,304
1,915,360
1,005,886
762,980
565,662
total assets
4,429,741
2,179,252
1,662,453
1,918,861
3,209,040
1,939,174
1,015,712
780,169
576,914
Bank overdraft
52
Bank loan
Trade Creditors
117,400
45,104
103,451
151,423
39,578
29,480
34,685
22,983
31,464
Group/Directors Accounts
3,712,556
2,095,145
947,286
708,040
1,464,180
1,466,309
969,557
464,781
435,544
other short term finances
hp & lease commitments
other current liabilities
330,859
103,495
133,683
74,800
141,163
160,127
26,285
111,449
25,619
total current liabilities
4,160,815
2,243,744
1,184,420
934,263
1,644,973
1,655,916
1,030,527
599,213
492,627
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
4,160,815
2,243,744
1,184,420
934,263
1,644,973
1,655,916
1,030,527
599,213
492,627
net assets
268,926
-64,492
478,033
984,598
1,564,067
283,258
-14,815
180,956
84,287
total shareholders funds
268,926
-64,492
478,033
984,598
1,564,067
283,258
-14,815
180,956
84,287
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Operating Activities
Operating Profit
430,111
-621,350
-519,260
-539,621
1,587,179
374,269
-198,874
119,959
104,408
Depreciation
3,343
12,238
14,393
15,922
12,815
6,966
6,472
5,806
6,623
Amortisation
Tax
-116,107
-302,575
-71,786
-24,167
-21,071
Stock
276,560
257,937
45,489
-16,001
252,354
-35,165
103,081
118,129
Debtors
1,831,449
218,634
-245,848
-1,175,864
1,090,450
383,939
268,011
137,080
185,948
Creditors
72,296
-58,347
-47,972
111,845
10,098
-5,205
11,702
-8,481
31,464
Accruals and Deferred Income
227,364
-30,188
58,883
-66,363
-18,964
133,842
-85,164
85,830
25,619
Deferred Taxes & Provisions
Cash flow from operations
-1,491,002
-1,174,218
-293,597
713,648
-54,251
89,312
-636,956
-76,262
-38,905
Investing Activities
capital expenditure
5,979
-3,029
-5,067
-8,048
-28,737
-20,954
891
-11,743
-17,875
Change in Investments
cash flow from investments
5,979
-3,029
-5,067
-8,048
-28,737
-20,954
891
-11,743
-17,875
Financing Activities
Bank loans
Group/Directors Accounts
1,617,411
1,147,859
239,246
-756,140
-2,129
496,752
504,776
29,237
435,544
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-14,903
59,469
11,316
-40,467
-9,117
-7,964
1,814
1
interest
34,317
19,356
1,379
618
5,322
3,555
1,289
877
949
cash flow from financing
1,636,825
1,226,684
251,941
-795,989
-5,924
492,343
507,879
30,114
436,494
cash and cash equivalents
cash
151,802
49,437
-46,723
-90,440
-88,860
560,700
-128,186
-57,891
379,714
overdraft
-52
52
change in cash
151,802
49,437
-46,723
-90,388
-88,912
560,700
-128,186
-57,891
379,714
tomax drilling technology uk limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for tomax drilling technology uk limited. Get real-time insights into tomax drilling technology uk limited's credit score, group structure and payment trends.
Tomax Drilling Technology Uk Limited Competitor Analysis
Perform a competitor analysis for tomax drilling technology uk limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mid companies, companies in AB10 area or any other competitors across 12 key performance metrics.
tomax drilling technology uk limited Ownership
TOMAX DRILLING TECHNOLOGY UK LIMITED group structure
Tomax Drilling Technology Uk Limited has no subsidiary companies.
Ultimate parent company
TOMAX AS
#0012409
1 parent
TOMAX DRILLING TECHNOLOGY UK LIMITED
SC492836
TOMAX DRILLING TECHNOLOGY UK LIMITED Shareholders
The sole shareholder of Tomax Drilling Technology Uk Limited is Tomax As.
tomax as
100%
tomax drilling technology uk limited directors
Tomax Drilling Technology Uk Limited currently has 2 directors.
The longest serving directors include
Mr Hakon Skjelvik (Dec 2014) and
Mr Anson Bartlett (Jan 2022).
tomax drilling technology uk limited company details
company number
SC492836
Type
Private limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
incorporation date
December 2014
age
11
incorporated
UK
ultimate parent company
TOMAX AS
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
HALL MORRICE LLP
auditor
-
address
6 & 7 queens terrace, aberdeen, AB10 1XL
Bank
-
Legal Advisor
-
tomax drilling technology uk 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 did not find charges/mortgages relating to tomax drilling technology uk limited.
tomax drilling technology uk limited 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.
Click to start generating capital raising & share issue transactions for TOMAX DRILLING TECHNOLOGY UK LIMITED. This can take several minutes, an email will notify you when this has completed.
tomax drilling technology uk limitedCompanies House Filings - See Documents
