Drilling Fleet Valuation

Western Australia.

Our client, is a leading supplier of contract drilling services to the mining industry in Western Australia and was seeking debt funding to support ongoing business requirements and future opportunities. They recently appointed Insight Valuations to provide a valuation report suitable for interested Lenders.

Challenge – to determine the value of this unique fleet, including both track and truck-mounted formats. Adding to the challenge was the Company’s use of in-house built and designed units and its strategic tactic of renewing assets where possible.
Result – Our valuation had an immediate and positive impact on the Company’s capital raising venture.

Highlights

• Our astute understanding of the collateral involved, and the specificity of our client’s services, has underwritten our client’s success.
• Our client achieved its target capital advance.
• Being committed to a critical timeline we ensured that the buying team could transform the business at a time of its choosing.