Ulterra Drilling Europe Ltd
Registered name: ULTERRA DRILLING EUROPE LTD
Ulterra Drilling Europe Ltd made £269k revenue and £40.1k profit in the year to 31 Dec 2024.
Ulterra Drilling Europe Ltd’s revenue grew 368% to £269k in the year to 31 Dec 2024, with £40.1k profit and 1 employee. The company is classified under “management consultancy activities other than financial management” and is based in Teesside; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Teesside, North East
- Age
- 16 yrs · since 2010
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £0 | £57.4k | £269k |
| Cost of sales | £0 | £80.4k | £179k |
| Gross profit | £0 | −£23k | £89.3k |
| Operating profit | £0 | −£23k | £55k |
| Profit before tax | £0 | −£23k | £55k |
| Profit after tax | £0 | −£23k | £40.1k |
| Profit (best available) | £0 | −£23k | £40.1k |
| Employees (average) | 2 | 3 | 1 |
| Ratios | |||
| Profit margin | — | −40.2% | 14.9% |
| Gross margin | — | −40.2% | 33.3% |
| Revenue per employee | £0 | £19.1k | £269k |
| Profit per employee | £0 | −£7.7k | £40.1k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲368.1% |
| Headcount growth | — | ▲50% | ▼66.7% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | £160k | £93.6k | £134k |
| Current assets | £168k | £111k | £237k |
| Debtors | £168k | £111k | £237k |
| Deferred income | £8k | £17k | — |
| Source | FullAccounts · bulk data Apr 2025 | FullAccounts · bulk data Apr 2025 | FullAccounts · bulk data Feb 2026 |
How the business works
- Profit margin
- 14.9%
- Profit ÷ revenue.
- Gross margin
- 33.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £269k
- Revenue ÷ average employees.
- Profit per employee
- £40.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 88.3%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲43%
- Now £134k
- Cash at bank
- —
- Now —
- Headcount
- ▼67%
- Now 1
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £40.1k), from the Companies House accounts bulk data published Feb 2026. Spotted an error? Request a correction.
Updated from Companies House on 15 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.