# DRILCORP LIMITED (02691886)

> DRILCORP LIMITED is an active private limited company (company number 02691886) incorporated on 28 February 1992, registered in Seaham. Its registered activity is other specialised construction activities n.e.c. (SIC 43999). Latest small accounts cover the period ending 31 March 2026, showing net assets of £2.01m and cash of £158k, with 33 employees on average. Net assets fell 8% on the prior period (£2.17m).

- Status: Active
- Incorporated: 1992-02-28
- Registered office: Seaham, SR7 8SW
- SIC 43999: Other specialised construction activities n.e.c.
- Next accounts due: 2027-12-31
- Confirmation statement due: 2027-03-14
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 713 comparable companies in Newcastle (median £6,802, upper quartile £49k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2026-03-31 | £2.01m | £158k | £914k | £533k | — | — | 33 |
| 2025-03-31 | £2.17m | £930k | £638k | £408k | — | — | 34 |

current ratio 2.29; size band small.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £2,006,085 at 31 March 2026
- Current assets at least 1.5× creditors within one year: Current ratio 2.29
- Cash at bank of £50,000 or more: Cash £157,658
- Incorporated five or more years ago: Incorporated 28 February 1992

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr David Gowans — owns 25–50% of shares; holds 25–50% of voting rights, since 2016-04-06
- Mrs Lyndsey Gowans — owns 25–50% of shares; holds 25–50% of voting rights, since 2016-04-06

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/02691886
HTML: https://firmoscan.com/company/02691886-drilcorp-limited