DEEP CASING TOOLS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-01 (in 4mo)
Last made up 2025-08-18
Watchouts
None on the register
Cash
£599K
-72% vs 2023
Net assets
£4M
+25.7% vs 2023
Employees
19
0% vs 2023
Profit before tax
£938K
-62.1% vs 2023
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £14,275,952 | £10,626,282 | |
| Operating profit | £2,731,238 | £1,211,153 | |
| Profit before tax | £2,475,279 | £938,215 | |
| Net profit | £2,458,076 | £914,763 | |
| Cash | £2,141,159 | £598,806 | |
| Total assets less current liabilities | £3,824,497 | £4,477,921 | |
| Net assets | £3,563,158 | £4,477,921 | |
| Equity | £3,563,158 | £4,477,921 | |
| Average employees | 19 | 19 | |
| Wages | £1,368,155 | £1,763,018 | |
| Directors' remuneration | £96,134 | £303,422 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-25.6%
£14,275,952 £10,626,282
-
Cash
-72%
£2,141,159 £598,806
-
Net assets
+25.7%
£3,563,158 £4,477,921
-
Employees
0%
19 19
-
Operating profit
-55.7%
£2,731,238 £1,211,153
-
Profit before tax
-62.1%
£2,475,279 £938,215
-
Wages
+28.9%
£1,368,155 £1,763,018
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 19.1% | 11.4% | |
| Net margin | 17.2% | 8.6% | |
| Return on capital employed | 71.4% | 27.0% | |
| Current ratio | 1.39x | 1.47x | |
| Interest cover | 10.40x | 4.34x |
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
- Auditor
- Anderson Anderson & Brown Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the directors are satisfied that the Company has adequate resources to continue to operate for the foreseeable future and therefore continue to adopt the going concern basis for preparing these financial statements.”
Significant events
- “During the year, the Company's parent undertaking was acquired by Drilling Tools International Inc ("DTI"). As part of the acquisition all external debt owned by the Group was settled and has stabilised the funding position of the Group, giving the business a platform for future growth.”
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 182 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 | |
|---|---|---|---|---|
| 2026-03-23 | 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 | |
| 2024-09-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-03 | AA | accounts | Accounts with accounts type small | |
| 2024-05-09 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- 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.