EXCELLENCE LOGGING LIMITED

1. EXCELLENCE LOGGING LIMITED 2018-04-23 → present
2. EXCELLENCE LOGGING HOLDCO 4 LIMITED 2015-04-10 → 2018-04-23

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As a result, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the consolidated financial statements.”

Group structure

1. EXCELLENCE LOGGING LIMITED · parent
   1. Excellence Logging France SAS 100% · France
   2. Excellence Logging Services SAS 100% · France
   3. Excellence Logging International FZ LLC 100% · UAE
   4. Excellence Logging Services Ltd 100% · England & Wales
   5. Excellence Logging Middle East Ltd 100% · England & Wales
   6. Excellence Logging Latin America Ltd 100% · England & Wales
   7. Excellence Logging (Switzerland) Sarl 100% · Switzerland
   8. WLG Servicios SA 100% · Argentina
   9. Excellence Logging Tunisie Sarl 100% · Tunisia
   10. Excellence Logging Do Brazil Servicios de Petroleo LTDA 99.92% · Brazil
   11. Exlog Gabon SA 100% · Gabon
   12. Wilog Angola LDA 48% · Angola · The Group owns 48% of the shares in Wilog Angola LDA and is the main shareholder. The Group has double voting rights on a portion of the shareholding in this entity enabling it to exercise 57% control. The directors are able to nominate the President of the Board and generally the Group has control over operations.
   13. Excellence Logging US Inc 100% · USA
   14. Excellence Logging DMCC 100% · UAE
   15. PT DHI Excellence Logging 98.75% · Indonesia
   16. DHI Services (Thailand) Ltd 49% · Thailand · Shareholder agreements are in place for these entities which give the group control over their operations and therefore their financial statements are consolidated within these group financial statements.
   17. Thai Oil Venture Holding Ltd 48.9% · Thailand · Shareholder agreements are in place for these entities which give the group control over their operations and therefore their financial statements are consolidated within these group financial statements.
   18. Excellence Logging Malaysia Sdn Bhd 49% · Malaysia · Shareholder agreements are in place for these entities which give the group control over their operations and therefore their financial statements are consolidated within these group financial statements.
   19. Excellence Logging Pte Ltd 100% · Singapore
   20. DHI Services International Ltd 99.99% · Hong Kong
   21. Dajan S.R.L 100% · Italy
   22. Dajan East S.R.L 100% · Romania
   23. Excellence Logging Ecuador SA 100% · Ecuador
   24. International Logging Technology Limited 100% · England & Wales
   25. Excellence Logging Saudi Limited 50% · Saudi Arabia · Excellence Logging Saudi Limited is a joint ventures with a local partner but the group can exercise de facto control through the Board of directors.
   26. Exlog Ltd Middle East and North Africa Regional HQ Company 100% · Saudi Arabia
   27. Excellence Logging Services LLC (Qatar) 100% · Qatar
   28. Excellence Logging LLC (Oman) 70% · Oman
   29. Excellence Logging LLP (Kazakhstan) 100% · Kazakhstan
   30. Exlog Bolivia Servicios Petroleros S.A 100% · Bolivia
   31. Excellence Logging Canada Limited 100% · Canada
   32. Excellence Logging Netherlands BV 100% · Netherlands
   33. Coil Services BV 100% · Netherlands
   34. Slickline Services BV 100% · Netherlands
   35. Slickline Service Germany GmbH 100% · Germany

Significant events

• “EXLOG expanded its presence in well intervention services through the strategic acquisition of the well intervention business of Well Services Group in the Netherlands.”
• “In 2024, Excellence Logging Limited parent company Excellence Logging Finance 2 plc undertook a significant restructuring of its debt and equity, issuing a US $100 million senior secured corporate bond to refinance existing debt.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

16

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +37.3%

  £110,209,044 → £151,279,466

• Cash

  +66%

  £7,194,959 → £11,944,403

• Net assets

  +53.5%

  £28,502,595 → £43,742,772

• Employees

  —

  Not reported

• Operating profit

  +72.5%

  £9,921,423 → £17,111,935

• Profit before tax

  +123.1%

  £3,921,423 → £8,749,444

• Wages

  +33.2%

  £38,398,814 → £51,132,691

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers