DEEP CASING TOOLS LIMITED
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Cash
£264k
-55.9% lowest in 3 filed years
Net assets
£2m
-54.3% lowest in 3 filed years
Employees
16
-15.8% lowest in 3 filed years
Profit before tax
-£2.4m
-360.5% lowest in 3 filed years
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £14,275,952 | £10,626,282 | £2,374,194 | -77.7% | |
| Operating profit | £2,731,238 | £1,211,153 | -£2,419,788 | -299.8% | |
| Profit before tax | £2,475,279 | £938,215 | -£2,444,424 | -360.5% | |
| Net profit | £2,458,076 | £914,763 | -£2,431,354 | -365.8% | |
| Cash | £2,141,159 | £598,806 | £264,301 | -55.9% | |
| Total assets less current liabilities | £3,824,497 | £4,477,921 | £2,046,567 | -54.3% | |
| Net assets | £3,563,158 | £4,477,921 | £2,046,567 | -54.3% | |
| Equity | £3,563,158 | £4,477,921 | £2,046,567 | -54.3% | |
| Average employees | 19 | 19 | 16 | -15.8% | |
| Wages | £1,368,155 | £1,763,018 | £1,967,470 | +11.6% | |
| Directors' remuneration | £96,134 | £250,781 | £202,656 | -19.2% | |
| Directors' pension contributions | — | £52,641 | £11,742 | -77.7% | |
| Highest paid director | £96,134 | £217,286 | £214,398 | -1.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 19.1% | 11.4% | -101.9% | |
| Net margin | 17.2% | 8.6% | -102.4% | |
| Return on capital employed | 71.4% | 27.0% | -118.2% | |
| Gearing (liabilities / total assets) | 65.2% | 57.1% | 76.2% | |
| Current ratio | 1.39x | 1.47x | 1.08x | |
| Interest cover | 10.40x | 4.34x | -90.94x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- DEEP CASING TOOLS LIMITED 2010-02-03 → present
- FUTURETEC LIMITED 2000-01-17 → 2010-02-03
- ISANDCO THREE HUNDRED AND FORTY EIGHT LIMITED 1999-09-01 → 2000-01-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having considered the above factors, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “On 13 March 2026 and 3 June 2026, the company entered into security arrangements with PNC Bank, National Association, registered under charge codes SC19 9420 0012 and SC19 9420 0013.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BURNESS PAULL LLP | Corporate Secretary | 2026-01-08 | — | — |
| DOMINO JR., Michael Wayne | Director | 2025-10-07 | Oct 1974 | American |
| JOHNSON, David, Mr. | Director | 2025-10-07 | Jul 1964 | American |
| PREJEAN, Robert Wayne, Mr. | Director | 2025-10-07 | Jul 1961 | American |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HERRERA, Vanessa Anne | Secretary | 2000-08-11 | 2006-02-09 |
| QUINN, Helena Findlay | Secretary | 2013-02-01 | 2014-06-30 |
| IAIN SMITH & COMPANY | Corporate Nominee Secretary | 1999-09-01 | 2000-08-11 |
| IAIN SMITH AND COMPANY | Corporate Secretary | 2006-02-09 | 2007-11-16 |
| MACLAY MURRAY & SPENS LLP | Corporate Secretary | 2007-11-16 | 2012-12-07 |
| COWIE, Simon Henry Dyer | Director | 2006-12-15 | 2012-02-10 |
| CROSS, Nicholas John | Director | 2008-01-31 | 2008-01-31 |
| DAVIS, Lance Stephen | Director | 2008-03-27 | 2018-02-02 |
| FINLAY, Michael Fraser | Director | 2008-04-01 | 2009-06-07 |
| HASTINGS, Gillian Elizabeth | Director | 2015-07-20 | 2017-10-06 |
| HERRERA, Derek Frederick | Director | 2000-01-17 | 2008-03-27 |
| HERRERA, Gregory John | Director | 2017-09-14 | 2024-03-15 |
| HERRERA, Vanessa Anne | Director | 2006-09-06 | 2008-03-27 |
| JOHNSON, David | Director | 2024-03-15 | 2024-08-01 |
| JONES, Anne-Marie | Director | 2006-09-06 | 2008-03-27 |
| KENT, Stephen | Director | 2017-10-30 | 2024-03-15 |
| MCHATTIE, Kenneth George | Director | 2011-07-31 | 2012-01-13 |
| PREJEAN, R. Wayne | Director | 2024-03-15 | 2024-08-01 |
| ROXBURGH, Roy | Director | 1999-09-01 | 2000-01-17 |
| SCOTT, Edward Docherty | Director | 2008-04-01 | 2015-07-20 |
| SEDGE, Douglas Alan | Director | 2015-07-20 | 2017-10-31 |
| STEPHENSON, David | Director | 2024-03-15 | 2025-10-07 |
| WARDLE, Magnus John | Director | 2014-12-11 | 2018-01-31 |
| WILSON, Clark Imrie | Director | 2006-04-06 | 2007-04-27 |
| DRILLING TOOLS INTERNATIONAL HOLDINGS, INC. | Corporate Director | 2024-08-01 | 2025-10-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Casing Technologies Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 185 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-12 CC04 Statement of companys objects
- 2026-03-12 MA Memorandum articles
- 2026-03-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-12 | AA | accounts | Accounts with accounts type full | |
| 2026-08-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-12 | CC04 | change-of-constitution | Statement of companys objects | |
| 2026-03-12 | MA | incorporation | Memorandum articles | |
| 2026-03-12 | RESOLUTIONS | resolution | Resolution | |
| 2026-01-20 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2024-12-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-11 | AP02 | officers | Appoint corporate director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.