DRILLING SYSTEMS GROUP LIMITED

🌳Matureactive
09503545 · ltd · incorporated 2015-03-23
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: SIC 26511
Sector: Manufacturing
ALSO REGISTERED FOR
  • 62090Other information technology service activities
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

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

35/100
too messy

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.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
18 officers (2 active, 18 linked, 15 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
101 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (70 events)Click to expand
  1. 2025-11-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2025-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-11-05
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  4. 2025-11-05
    📄
    legacy
    accounts · PARENT_ACC
  5. 2025-11-05
    📄
    legacy
    other · AGREEMENT2
  6. 2025-11-05
    📄
    legacy
    other · GUARANTEE2
  7. 2025-11-01
    NILSEN, Frode Scott appointed
    director
  8. 2025-10-31
    FRANKLIN, Kevin Nigel resigned
    director
  9. 2025-10-10
    📄
    legacy
    other · GUARANTEE2
  10. 2025-10-10
    📄
    legacy
    other · AGREEMENT2
  11. 2025-07-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-06-30
    BODEN, Martin Brett resigned
    director
  13. 2024-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2024-10-29
    📄
    legacy
    accounts · PARENT_ACC
  15. 2024-10-29
    📄
    legacy
    other · GUARANTEE2
  16. 2024-10-29
    📄
    legacy
    other · AGREEMENT2
  17. 2024-09-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2024-09-27
    🔓
    Charge satisfied #6
  19. 2024-06-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2024-06-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2024-06-06
    🔒
    Charge registered #8
    Lender: Nordic Trustee As
  22. 2024-06-01
    BODEN, Martin Brett appointed
    director
  23. 2024-02-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2024-01-31
    SINCLAIR, Patrick Malcolm Mann resigned
    director
  25. 2023-09-25
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  26. 2023-09-25
    📄
    legacy
    accounts · PARENT_ACC
  27. 2023-09-25
    📄
    legacy
    other · AGREEMENT2
  28. 2023-09-25
    📄
    legacy
    other · GUARANTEE2
  29. 2023-03-16
    SOMERVILLE, Martin resigned
    director
  30. 2023-03-16
    TOMA, Ihab Magdy resigned
    director
  31. 2022-01-20
    🔓
    Charge satisfied #5
  32. 2022-01-20
    🔓
    Charge satisfied #4
  33. 2022-01-20
    🔓
    Charge satisfied #3
  34. 2022-01-20
    🔓
    Charge satisfied #2
  35. 2021-12-13
    🔒
    Charge registered #7
    Lender: Investec Bank PLC (As Security Agent)
  36. 2021-12-13
    🔒
    Charge registered #6
    Lender: Investec Bank PLC (As Security Agent)
  37. 2021-02-10
    🔒
    Charge registered #5
    Lender: Investec Bank PLC (As Security Trustee for the Secured Parties (as Defined in the Instrument)).
  38. 2019-11-14
    SINCLAIR, Patrick Malcolm Mann appointed
    director
  39. 2019-03-05
    🔒
    Charge registered #4
    Lender: Abu Dhabi Commercial Bank Pjsc as Security Agent
  40. 2019-01-30
    RICHENS, Sarah Lesley resigned
    secretary
  41. 2018-11-30
    🔒
    Charge registered #3
    Lender: Investec Bank PLC
  42. 2018-11-12
    🔓
    Charge satisfied #1
  43. 2018-10-31
    🔒
    Charge registered #2
    Lender: Investec Bank PLC (As Security Trustee for the Secured Parties (as Defined in the Instrument)).
  44. 2018-10-10
    SWORD, Graeme David resigned
    director
  45. 2018-07-31
    HUDSON, Ian Richard resigned
    director
  46. 2018-05-31
    RICHENS, Sarah Lesley appointed
    secretary
  47. 2018-05-31
    FRANKLIN, Kevin Nigel appointed
    director
  48. 2018-04-06
    DINES, Stephen resigned
    secretary
  49. 2018-04-06
    DINES, Stephen resigned
    director
  50. 2018-02-04
    LYON, Kevin John resigned
    director
Showing most recent 50 of 70 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

41/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • 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 ·
2 director resignations in last 12 months
medium

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

Charge satisfaction-then-recreation pattern
medium

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.

🏛️
Ds Uk Midco 2 Limited
Corporate parent · holds 75-100% shares
ultimate parent
DRILLING SYSTEMS GROUP LIMITED
This company · 09503545

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%
NameSharesVoting rightsNature of controlNotified
Ds Uk Midco 2 Limited
Corporate entity
75100%
75-100% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒Advanced scoring suite

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

Statusactive
Typeltd
Incorporated2015-03-23
Jurisdictionengland-wales
Primary SIC26511 — SIC 26511

Registered office

Hurn View House 5 Aviation Park West,
Bournemouth International Airport, Hurn
Christchurch
Dorset
BH23 6EW
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-19
Last: 2026-04-05

Officers (2 active · 16 resigned)

BATTISBY, Clive Jeffrey
director · ~55y · appointed 2015-04-21
View their other companies + combined net worth →
Active
NILSEN, Frode Scott
director · ~53y · appointed 2025-11-01
View their other companies + combined net worth →
Active
CARTER, Robin Graham
secretary · appointed 2015-04-21 · resigned 2015-12-31
Resigned
DINES, Stephen
secretary · appointed 2015-12-31 · resigned 2018-04-06
Resigned
RICHENS, Sarah Lesley
secretary · appointed 2018-05-31 · resigned 2019-01-30
Resigned
BODEN, Martin Brett
director · ~67y · appointed 2024-06-01 · resigned 2025-06-30
Resigned
CARTER, Robin Graham
director · ~82y · appointed 2015-04-21 · resigned 2015-12-31
Resigned
DINES, Stephen
director · ~49y · appointed 2015-09-23 · resigned 2018-04-06
Resigned
FRANKLIN, Kevin Nigel
director · ~64y · appointed 2018-05-31 · resigned 2025-10-31
Resigned
HARRISON, Paul David
director · ~50y · appointed 2015-03-31 · resigned 2015-04-21
Resigned
HUDSON, Ian Richard
director · ~47y · appointed 2016-04-07 · resigned 2018-07-31
Resigned
LYON, Kevin John
director · ~65y · appointed 2015-04-21 · resigned 2018-02-04
Resigned
RAMSAY, Edward Marcus
director · ~55y · appointed 2015-04-21 · resigned 2017-01-31
Resigned
SINCLAIR, Patrick Malcolm Mann
director · ~51y · appointed 2019-11-14 · resigned 2024-01-31
Resigned
SOMERVILLE, Martin
director · ~49y · appointed 2015-03-23 · resigned 2023-03-16
Resigned
SWORD, Graeme David
director · ~58y · appointed 2015-03-23 · resigned 2018-10-10
Resigned
TOMA, Ihab Magdy
director · ~63y · appointed 2015-06-19 · resigned 2023-03-16
Resigned
WHITTINGHAM, James Ronald
director · ~48y · appointed 2015-03-31 · resigned 2015-04-21
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

8
Total charges
2
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Nordic Trustee As
A registered charge06/06/2024
outstanding
Investec Bank (As Security Agent)
Investec Bank PLC (As Security Agent)
A registered charge1 property13/12/2021
satisfied
Investec Bank (As Security Agent)
Investec Bank PLC (As Security Agent)
A registered charge1 property13/12/202127/09/2024
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 charge1 property10/02/202120/01/2022
satisfied
Abu Dhabi Commercial Bank Pjsc as Security Agent
A registered charge1 property05/03/201920/01/2022
satisfied
Investec Bank
Investec Bank PLC
A registered charge1 property30/11/201820/01/2022
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 charge1 property31/10/201820/01/2022
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC Acting as Agent for National Westminster Bank PLC
A registered charge19/05/201612/11/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (101 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-08
appoint-person-director-company-with-name-date
officers · AP01
2025-11-17
termination-director-company-with-name-termination-date
officers · TM01
2025-11-17
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-11-05
legacy
accounts · PARENT_ACC
2025-11-05
legacy
other · AGREEMENT2
2025-11-05
legacy
other · GUARANTEE2
2025-11-05
legacy
other · GUARANTEE2
2025-10-10
legacy
other · AGREEMENT2
2025-10-10
termination-director-company-with-name-termination-date
officers · TM01
2025-07-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-29
legacy
accounts · PARENT_ACC
2024-10-29
legacy
other · GUARANTEE2
2024-10-29
legacy
other · AGREEMENT2
2024-10-29