CORETRAX GLOBAL LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-15 (in 2mo)
Last made up 2025-07-01
Watchouts
Cash
£370K
-50% lowest in 5 filed years
Net assets
£58M
+28.7% highest in 3 filed years
Employees
122
-3.2% vs 2023
Profit before tax
£13M
+58.6% highest in 5 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £11,594,617 | — | £15,287,172 | £28,444,242 | £36,356,481 | £44,862,457 | |
| Operating profit | — | £2,404,702 | — | £3,305,328 | £8,064,064 | £8,506,021 | £13,503,379 | |
| Profit before tax | — | £2,452,745 | — | £3,313,847 | £8,061,235 | £8,509,820 | £13,496,328 | |
| Net profit | — | £1,851,194 | — | £2,773,813 | £7,048,247 | £6,578,761 | £12,877,436 | |
| Cash | — | £1,749,588 | — | £1,459,574 | £627,405 | £740,191 | £370,224 | |
| Total assets less current liabilities | — | £9,543,382 | — | — | — | £45,150,773 | £58,223,581 | |
| Net assets | — | £9,226,030 | — | — | — | £44,936,315 | £57,813,751 | |
| Equity | £7,374,836 | £9,226,030 | £9,625,322 | £31,309,307 | £38,357,554 | £44,936,315 | £57,813,751 | |
| Average employees | — | 54 | — | 68 | 96 | 126 | 122 | |
| Wages | — | £3,062,197 | — | £4,281,297 | £7,081,841 | £8,131,493 | £9,369,451 | |
| Directors' remuneration | — | — | — | — | — | — | — |
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
+23.4%
£36,356,481 £44,862,457
highest in 5 filed years
-
Cash
-50%
£740,191 £370,224
lowest in 5 filed years
-
Net assets
+28.7%
£44,936,315 £57,813,751
highest in 3 filed years
-
Employees
-3.2%
126 122
-
Operating profit
+58.8%
£8,506,021 £13,503,379
highest in 5 filed years
-
Profit before tax
+58.6%
£8,509,820 £13,496,328
highest in 5 filed years
-
Wages
+15.2%
£8,131,493 £9,369,451
highest in 5 filed years
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 | 2019-03-31 | 2020-03-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | 20.7% | — | 21.6% | 28.4% | 23.4% | 30.1% | |
| Net margin | — | 16.0% | — | 18.1% | 24.8% | 18.1% | 28.7% | |
| Return on capital employed | — | 25.2% | — | — | — | 18.8% | 23.2% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 18.5% | 13.2% | |
| Current ratio | — | — | — | — | — | 2.05x | 3.92x | |
| Interest cover | — | 571.87x | — | — | 1501.13x | 2471.96x | 507.68x |
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 1 time since incorporation
- CORETRAX GLOBAL LIMITED 2021-03-25 → present
- CHURCHILL DRILLING TOOLS (RENTALS) LIMITED 2002-11-29 → 2021-03-25
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of these assessments, the Directors believe that the Group and the Company will be able to meet its obligations as they fall due over the next twelve months, and accordingly have adopted the going concern basis of accounting in preparing the Company financial statements.”
Group structure
- CORETRAX GLOBAL LIMITED · parent
- Churchill Drilling Tools Oil Well Drilling LLC 49%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELEY, Sarah Louise | Secretary | 2024-05-15 | — | — |
| MCALISTER, Lewis John Woodburn | Director | 2024-05-15 | May 1966 | British |
| SANSALONE, Domenico | Director | 2024-05-15 | Feb 1979 | Canadian |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHURCHILL, Michael John | Secretary | 2006-06-27 | 2019-11-21 |
| LEDINGHAM CHALMERS | Corporate Nominee Secretary | 2002-11-29 | 2006-04-01 |
| LEDINGHAM CHALMERS LLP | Corporate Secretary | 2006-04-01 | 2006-07-26 |
| BENZIE, Scott Anthony | Director | 2021-10-04 | 2024-05-15 |
| CHURCHILL, Andrew Philip | Director | 2002-11-29 | 2019-11-21 |
| CHURCHILL, Michael John | Director | 2004-07-22 | 2019-11-21 |
| DE RHUNE, Michael Anthony | Director | 2019-11-21 | 2024-12-16 |
| FRASER, John Paul | Director | 2021-03-18 | 2024-12-16 |
| MURRAY, John Kenneth Fraser | Director | 2019-11-21 | 2021-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Expro Holdings Uk 3 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-11-28 | Active |
| Coretrax Technology Holding Company Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-08-01 | Ceased 2025-11-28 |
| Hsbc Corporate Trustee Company (Uk) Limited | Corporate entity | Shares 75–100% | 2019-11-21 | Ceased 2024-05-15 |
| Ctl Uk Bidco Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-11-21 | Ceased 2019-11-21 |
| Churchill Drilling Tools (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2021-08-01 |
| Mr Michael John Churchill | Individual | Significant influence | 2016-04-06 | Ceased 2019-11-21 |
Filing timeline
Last 20 of 134 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-08-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-09-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-15 | AA | accounts | Accounts with accounts type full | |
| 2024-06-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-23 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.