South Tyne Drilling Limited

Key Facts

Net Assets

Current: £136,498

Previous: £130,258

Change: +6,240 (+4.8%)

Comment: Slight improvement in net assets and liabilities.

Current Assets

Current: £340,898

Previous: £402,768

Change: -£61,870 (-15.4%)

Comment: Current assets reduced noticeably.

Cash

Current: £51,112

Previous: £86,142

Change: -£35,030 (-40.7%)

Comment: Cash fell significantly, reducing short‑term liquidity.

Creditors 1 Year

Current: £259,273

Previous: £331,276

Change: -£72,003 (-21.7%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £81,625

Previous: £71,492

Change: +£10,133 (+14.2%)

Comment: Net current assets strengthened moderately.

Fixed Assets

Current: £134,735

Previous: £116,196

Change: +£18,539 (+16%)

Comment: Fixed assets grew steadily.

Turnover

Current: Not reported

Previous: Not reported

Comment: Turnover not reported for either period, which is common for micro‑entity and small business.

Employees

Current: 5

Previous: 6

Change: -1 (-16.7%)

Comment: Lost a team member.