DRILLING SYSTEMS GROUP LIMITED
- · Thesis: well-run, low negotiation leverage
- 62090Other information technology service activities
Opportunity 69/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
8 live charges · 6 lenders · oldest 10.0y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 10.0 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 38/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (59/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 1 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (70 events)Click to expand
- 2025-11-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-11-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-05📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-11-05📄legacyaccounts · PARENT_ACC
- 2025-11-05📄legacyother · AGREEMENT2
- 2025-11-05📄legacyother · GUARANTEE2
- 2025-11-01➕NILSEN, Frode Scott appointeddirector
- 2025-10-31➖FRANKLIN, Kevin Nigel resigneddirector
- 2025-10-10📄legacyother · GUARANTEE2
- 2025-10-10📄legacyother · AGREEMENT2
- 2025-07-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-06-30➖BODEN, Martin Brett resigneddirector
- 2024-10-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-29📄legacyaccounts · PARENT_ACC
- 2024-10-29📄legacyother · GUARANTEE2
- 2024-10-29📄legacyother · AGREEMENT2
- 2024-09-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-27🔓Charge satisfied #6
- 2024-06-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-06-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-06🔒Charge registered #8Lender: Nordic Trustee As
- 2024-06-01➕BODEN, Martin Brett appointeddirector
- 2024-02-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-01-31➖SINCLAIR, Patrick Malcolm Mann resigneddirector
- 2023-09-25📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2023-09-25📄legacyaccounts · PARENT_ACC
- 2023-09-25📄legacyother · AGREEMENT2
- 2023-09-25📄legacyother · GUARANTEE2
- 2023-03-16➖SOMERVILLE, Martin resigneddirector
- 2023-03-16➖TOMA, Ihab Magdy resigneddirector
- 2022-01-20🔓Charge satisfied #5
- 2022-01-20🔓Charge satisfied #4
- 2022-01-20🔓Charge satisfied #3
- 2022-01-20🔓Charge satisfied #2
- 2021-12-13🔒Charge registered #7Lender: Investec Bank PLC (As Security Agent)
- 2021-12-13🔒Charge registered #6Lender: Investec Bank PLC (As Security Agent)
- 2021-02-10🔒Charge registered #5Lender: Investec Bank PLC (As Security Trustee for the Secured Parties (as Defined in the Instrument)).
- 2019-11-14➕SINCLAIR, Patrick Malcolm Mann appointeddirector
- 2019-03-05🔒Charge registered #4Lender: Abu Dhabi Commercial Bank Pjsc as Security Agent
- 2019-01-30➖RICHENS, Sarah Lesley resignedsecretary
- 2018-11-30🔒Charge registered #3Lender: Investec Bank PLC
- 2018-11-12🔓Charge satisfied #1
- 2018-10-31🔒Charge registered #2Lender: Investec Bank PLC (As Security Trustee for the Secured Parties (as Defined in the Instrument)).
- 2018-10-10➖SWORD, Graeme David resigneddirector
- 2018-07-31➖HUDSON, Ian Richard resigneddirector
- 2018-05-31➕RICHENS, Sarah Lesley appointedsecretary
- 2018-05-31➕FRANKLIN, Kevin Nigel appointeddirector
- 2018-04-06➖DINES, Stephen resignedsecretary
- 2018-04-06➖DINES, Stephen resigneddirector
- 2018-02-04➖LYON, Kevin John resigneddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: BODEN, Martin Brett resigned 2025-06-30; FRANKLIN, Kevin Nigel resigned 2025-10-31
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Ds Uk Midco 2 Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ds Uk Midco 2 Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Registered office
Filing status
Officers (2 active · 16 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Nordic Trustee As | A registered charge | — | 06/06/2024 | — | |
| outstanding | Investec Bank (As Security Agent) Investec Bank PLC (As Security Agent) | A registered charge | 1 property | 13/12/2021 | — | |
| satisfied | Investec Bank (As Security Agent) Investec Bank PLC (As Security Agent) | A registered charge | 1 property | 13/12/2021 | 27/09/2024 | |
| satisfied | Investec Bank (As Security Trustee for the Secured Parties (as Defined in the Instrument)). Investec Bank PLC (As Security Trustee for the Secured Parties (as Defined in the Instrument)). | A registered charge | 1 property | 10/02/2021 | 20/01/2022 | |
| satisfied | Abu Dhabi Commercial Bank Pjsc as Security Agent | A registered charge | 1 property | 05/03/2019 | 20/01/2022 | |
| satisfied | Investec Bank Investec Bank PLC | A registered charge | 1 property | 30/11/2018 | 20/01/2022 | |
| satisfied | Investec Bank (As Security Trustee for the Secured Parties (as Defined in the Instrument)). Investec Bank PLC (As Security Trustee for the Secured Parties (as Defined in the Instrument)). | A registered charge | 1 property | 31/10/2018 | 20/01/2022 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC Acting as Agent for National Westminster Bank PLC | A registered charge | — | 19/05/2016 | 12/11/2018 |