V2 DRILLING TOOLS LIMITED

Active Strathaven

Manufacture of lifting and handling equipment

2 employees website.com
Manufacture of lifting and handling equipment
V

V2 DRILLING TOOLS LIMITED

Manufacture of lifting and handling equipment

Founded 28 Aug 2014 Active Strathaven, Scotland 2 employees website.com
Manufacture of lifting and handling equipment

Previous Company Names

V2 DRILLING TOOL LIMITED 28 Aug 2014 — 24 Sept 2014
Accounts Submitted 12 Jun 2025 Next due 31 May 2026 25 days remaining
Confirmation Submitted 13 Oct 2025 Next due 11 Sept 2026 4 months remaining
Net assets £-193K £15K 2024 year on year
Total assets £38K £15K 2024 year on year
Total Liabilities £231K £0 2024 year on year
Charges None No charges registered

Contact & Details

Contact

Registered Address

Stobieside House Drumclog Strathaven ML10 6QL Scotland

Full company profile for V2 DRILLING TOOLS LIMITED (SC485196), an active company based in Strathaven, Scotland. Incorporated 28 Aug 2014. Manufacture of lifting and handling equipment. View financials, directors, shareholders, and filings.

Business Summary

This company specializes in providing innovative solutions and services across multiple sectors.

Products & Services

consulting software analytics integration

Reports

Credit Report

In-depth credit score, financial analysis, risk assessment and company intelligence.

Financials

Financials

Period 1 Jan → 31 Dec 2024
Type Total Exemption Full
Next accounts 31 December 2025
Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2015–2024)

Cash in Bank

N/A

Net Assets

-£192.95k

Decreased by £14.55k (-8%)

Total Liabilities

£230.76k

Turnover

N/A

Employees

2

Debt Ratio

610%

Increased by 169 (+38%)

Financial History

Revenue, profit, EBITDA and key financial figures

2024
Dec Year End
2023
Dec Year End
P&L
Revenue
£142.3M
£128.7M
Gross Profit
£48.2M
£43.1M
Operating Profit
£22.4M
£19.8M
Net Profit
£18.1M
£15.9M
EBITDA
£31.5M
£28.2M
Assets
Cash
£24.7M
£21.3M
Total Assets
£89.4M
£82.1M
Liabilities
Total Liabilities
£45.2M
£41.8M
Key Metrics
Employees
1,247
1,156
Latest Revenue
£142.3M
Latest EBITDA
£31.5M
Cash Position
£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Officers

Officers

1 active 2 resigned
Status
John Muldoon MccullochDirectorBritishUnited Kingdom665 Jan 2015Active

Shareholders

Shareholders (2)

John Muldoon Mcculloch
50.0%
Paul James Slater
50.0%

Persons with Significant Control

Persons with Significant Control (2)

2 Active

John Muldoon Mcculloch

British

Active
Notified 30 Jun 2016
Residence United Kingdom
DOB January 1960
Nature of Control
  • Ownership Of Shares 25 To 50 Percent,voting Rights 25 To 50 Percent

Paul James Slater

British

Active
Notified 30 Jun 2016
Residence Scotland
DOB May 1966
Nature of Control
  • Ownership Of Shares 25 To 50 Percent,voting Rights 25 To 50 Percent

Group Structure

Group Structure

No group structure identified

Charges

Charges

No charges registered

Properties

Properties

0 total

No related properties

Documents

Company Filings

DateCategoryDescriptionDocument
13 Oct 2025Confirmation StatementConfirmation statement made on 28 Aug 2025 with updates
12 Jun 2025AccountsAnnual accounts made up to 31 Aug 2024
8 Oct 2024Confirmation StatementConfirmation statement made on 28 Aug 2024 with no updates
29 Aug 2024OfficersTermination of Paul James Slater as director on 29 Aug 2024
2 Jul 2024AccountsAnnual accounts made up to 31 Aug 2023
13 Oct 2025 Confirmation Statement

Confirmation statement made on 28 Aug 2025 with updates

12 Jun 2025 Accounts

Annual accounts made up to 31 Aug 2024

8 Oct 2024 Confirmation Statement

Confirmation statement made on 28 Aug 2024 with no updates

29 Aug 2024 Officers

Termination of Paul James Slater as director on 29 Aug 2024

2 Jul 2024 Accounts

Annual accounts made up to 31 Aug 2023

Recent Activity

Latest Activity

Confirmation statement made on 28 Aug 2025 with updates

6 months ago on 13 Oct 2025

Annual accounts made up to 31 Aug 2024

10 months ago on 12 Jun 2025

Confirmation statement made on 28 Aug 2024 with no updates

1 years ago on 8 Oct 2024

Termination of Paul James Slater as director on 29 Aug 2024

1 years ago on 29 Aug 2024

Annual accounts made up to 31 Aug 2023

1 years ago on 2 Jul 2024