SET DRILLING COMPANY LIMITED Credit Check Report

Company Overview

Set Drilling Company Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 06 August 1996, so this is a well established company. Set Drilling Company Limited has been in business for 29 years and 8 months. The accounts status is audit exemption subsidiary and the accounts are next due on Wednesday 30 September 2026.

Registered Address

H&P Bankhead Drive, City South Office Park, Portlethen, Aberdeen, AB12 4XX

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Companies House Data

Company Name	SET DRILLING COMPANY LIMITED
Company Number	SC167498
Registered Office Address	H&P Bankhead Drive
	City South Office Park
	AB12 4XX
Company Category	Private Limited Company
Company Status	Active
Country of Origin	United Kingdom
Incorporation Date	06/08/1996
Accounting Reference Date Day	31
Accounting Reference Date Month	12
Accounts Next Due Date	30/09/2026
Accounts Last Made Up Date	31/12/2024
Accounts Account Category	AUDIT EXEMPTION SUBSIDIARY
Returns Next Due Date	03/09/2016
Returns Last Made Up Date	06/08/2015

Previous Company Name	Changed Date
ALTRA HOLDINGS LIMITED	19 Jun 2014

Directors & Members

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	Paul Alexander - Director (British, 66 years old, born February 1960) Appointed 19 March 1997, Resigned 18 November 1998	Resigned
	Louise Andrew - Director (British, 49 years old, born May 1977) Appointed 09 July 2012, Resigned 31 March 2014	Resigned
	John Bell - Director (American, 56 years old, born September 1970) Appointed 12 February 2025, Resigned 12 February 2026	Resigned
	Jorn Bergeland - Director (Norwegian, 64 years old, born September 1962) Appointed 06 September 1996, Resigned 18 November 1998	Resigned
	Sean Branston - Director (British, 53 years old, born September 1973) Appointed 02 March 2020	Active
	Anthony Byrne - Director (British, 50 years old, born February 1976) Appointed 18 November 2014, Resigned 31 December 2021	Resigned
	Bernard Doney - Director (British, 83 years old, born May 1943) Appointed 01 February 2000, Resigned 05 April 2000	Resigned
	Joseph Elkhoury - Director (American, 56 years old, born January 1970) Appointed 01 July 2019, Resigned 16 January 2025	Resigned
	Klaus Ferber - Director (German, 60 years old, born November 1966) Appointed 08 March 1999, Resigned 28 January 2000	Resigned
	Neil Gilchrist - Director (British, 59 years old, born August 1967) Appointed 01 January 2022, Resigned 12 February 2025	Resigned
	Andrew Hendry - Director (British, 62 years old, born April 1964) Appointed 18 June 2014, Resigned 09 July 2015	Resigned
	Thomas Kennedy - Director (British, 72 years old, born November 1954) Appointed 05 September 1996, Resigned 05 January 1998	Resigned
	Ketil Lenning - Director (Norwegian, 76 years old, born December 1950) Appointed 06 September 1996, Resigned 18 November 1998	Resigned
	Christopher Levett - Director (British, 79 years old, born September 1947) Appointed 06 September 1996, Resigned 19 March 1997	Resigned
	Hubert Mainitz - Director (German, 73 years old, born July 1953) Appointed 08 March 1999, Resigned 22 May 2001	Resigned
	Norrie McKay - Director (British, 67 years old, born August 1959) Appointed 10 July 2014, Resigned 30 June 2019	Resigned
	Gordon McLellan - Director (British, 82 years old, born May 1944) Appointed 05 September 1996, Resigned 05 January 1998	Resigned
	Alan McNiven - Nominee Director (British, 76 years old, born December 1950) Appointed 06 August 1996, Resigned 05 September 1996	Resigned
	Sandra Middleton - Nominee Secretary (British) Appointed 06 August 1996, Resigned 05 September 1996	Resigned
	Peter Milne - Director (British, 72 years old, born May 1954) Appointed 15 October 2001, Resigned 11 August 2010	Resigned
	Gary Paver - Director (British, 59 years old, born May 1967) Appointed 15 January 2013, Resigned 02 March 2020	Resigned
	Richard Pearce - Director (British, 77 years old, born March 1949) Appointed 01 April 2000, Resigned 20 June 2002	Resigned
	Niall Polson - Director (British, 43 years old, born August 1983) Appointed 12 February 2026	Active
	Jay Porter - Director (British, 42 years old, born December 1984) Appointed 12 February 2025, Resigned 12 February 2026	Resigned
	Michael Salter - Director (British, 79 years old, born May 1947) Appointed 15 October 2001, Resigned 31 July 2007	Resigned
	Karl-Georg Schneider - Director (German, 71 years old, born January 1955) Appointed 18 November 1998, Resigned 08 March 1999	Resigned
	Neil Stevenson - Director (British, 62 years old, born March 1964) Appointed 09 July 2012, Resigned 21 January 2013	Resigned
	Brian Taylor - Director (British, 69 years old, born May 1957) Appointed 30 April 2009, Resigned 09 July 2012	Resigned
	Lynne Thomson - Director (British, 55 years old, born September 1971) Appointed 31 March 2014, Resigned 18 November 2014	Resigned
	Rasik Valand - Director (British, 71 years old, born July 1955) Appointed 05 September 1996, Resigned 05 January 1998	Resigned
	Mark Walker - Director (British, 58 years old, born November 1968) Appointed 30 April 2008, Resigned 31 January 2013	Resigned
	Maurice White - Director (British, 74 years old, born January 1952) Appointed 31 July 2007, Resigned 31 March 2009	Resigned

Secretaries

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	Louise Andrew - Secretary (British) Appointed 10 April 2009, Resigned 31 March 2014	Resigned
	Alec Banyard - Secretary (British) Appointed 12 October 2001, Resigned 10 April 2009	Resigned
	Thomas Kennedy - Secretary (British) Appointed 05 September 1996, Resigned 06 September 1996	Resigned
	Sandra Middleton - Nominee Secretary (British) Appointed 06 August 1996, Resigned 05 September 1996	Resigned

Other Company Directorships

Niall Polson
ABBOT GROUP LIMITED
KCA DEUTAG TECHNICAL SUPPORT LIMITED

Balance Sheet

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Common Size Financial Analysis

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Secured Creditors

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Public Record Information

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Exact Court Judgements

Period of Months	Last 12m	13-24m	25-36m	37-48m	49-60m	61-72m
Number of Exact CCJS	X	Y	Y	X	X	Y
Value of Exact CCJS	YXY	YK	S	S	X	KX

Supplier Credit Limits

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Date	Sector	Notified	Amount	Terms
XK-SXY	XKXYXK	SXSKXYXK	£X,000	XS XYSKS
SK-SYY	SKXYXKYKKY	KSXX KKXXYXS	£YY,000	YS XYSKS SK YXXSXS
YK-SXY	XKXYXYYK	SXSXYXK	£SX,000	XS XYSKS

Payment Records

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Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices	Paid Before 30 days due	Paid After 30 days due	Owing Before 30 days due	Owing after 30 days due
XYX	SX	K	YX	X

Company Valuation Analysis

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Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations		Valuation Measures
Estimated High Value	£XSI,000	Retained Profit	£YX,000
Estimated Mid Value	£YY,000	EBIT	£SY,000
Estimated Low Value	£X,000	EBITDA	£SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations		Valuation Measures
Estimated High Value	£XY,000	Total Assets	£XIX,000
Estimated Mid Value	£Y,000	Net Assets	£YX,000
Estimated Low Value	£S,000	Tangible Equity	£SX,000
The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist

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Business Growth	Please purchase a report to see true comments
EBITDA	Purchase a report to see true comments
Dividends	Please purchase a report to see true comments about this company
Retained Profits	Retained Profits for this company
Debt Interest	Debt Interest for this company
Cash Flow	Cash Flow for this company
CCJs	CCJs for this company
Age of Company	Age of Company for this company
Solvency	Solvency for this company
Secured Creditors	Secured Creditors for this company
Ownership	Ownership for this company

First Report Score: (0-10)

Financial Status Guide:

10			Very Strong
9			Strong
8			Very Good
7			Good
6			Above Average
5			Average
4			Below Average
3			Poor
2			Weak
1			Very Weak
0			Critical

Risk Score Trend

Risk Rating

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This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100)	X
Risk Band Description	XXMXMXMX SISX
Risk Assessment	Meeting of Creditors
Credit Rating	XSKX

Altman Z Score Credit Risk Rating

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There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score	X
Risk Band	XY
Risk Band Description	The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1	Low Risk	3.00 and above
2	Caution	2.63 - 2.99
3	Risk of Failure within 2 years	1.24 - 2.62
4	High Probability Failure	Below 1.24

Other Business around AB12 4XX

	KCA DEUTAG TECHNICAL SUPPORT LIMITED Kca Deutag, Group Headquarters Bankhead Drive, City South Office Park, Portlethen, Aberdeen, AB12 4XX
	KCA DEUTAG DRILLING LIMITED Kca Deutag, Group Headquarters Bankhead Drive, City South Office Park, Portlethen, Aberdeen, AB12 4XX
	KCA DEUTAG OFFSHORE UK LIMITED Kca Deutag, Group Headquarters Bankhead Drive, City South Office Park, Portlethen, Aberdeen, AB12 4XX
	ABBOT KEYSTONE LIMITED Kca Deutag, Group Headquarters Bankhead Drive, City South Office Park, Portlethen, Aberdeen, AB12 4XX
	KCA DEUTAG FINANCE I LIMITED C/O Teneo Financial Advisory Limited, 100 West George Street, Glasgow, AB12 4XX
	KCA DEUTAG RIG DESIGN SERVICES LIMITED Kca Deutag, Group Headquarters Bankhead Drive, City South Office Park, Portlethen, Aberdeen, AB12 4XX
	PRORIG LIMITED 130 St. Vincent Street, Glasgow, AB12 4XX
	KCA DEUTAG LIMITED H&P BANKHEAD DRIVE, CITY SOUTH OFFICE PARK, PORTLETHEN, ABERDEEN, AB12 4XX
	KCA DEUTAG DRILLING SERVICES (UK) LIMITED 130 St. Vincent Street, Glasgow, AB12 4XX
	KCA DEUTAG DRILLING RIGS I LIMITED 100 West George Street, Glasgow, Scotland, AB12 4XX

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