NORTH SEA WELL ENGINEERING LIMITED
Company number SC211425 · Monitor this company
Executive summary
North Sea Well Engineering Limited presents a low-risk investment profile characterised by strong liquidity (£6.66M cash), consistent profitability (£1.63M in FY2023), and minimal leverage (10.8% liability-to-asset ratio). The principal limitations for external assessment are the restricted disclosure under the small companies regime — which omits the profit and loss account — and the single-director governance structure under corporate ownership by Elemental Energies Holdings Limited. Further due diligence should focus on obtaining full P&L data, clarifying the apparent change in accounting reference date, and reviewing the group's consolidated financial position.
Shareholders' funds
£10,529,596
Balance sheet as at 2023-03-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2000-09-27
- Employees
- 10 (2023 accounts)
- Registered office
- 29 Abercrombie Court, Prospect Road, Arnhall Business Park, Westhill, Scotland, AB32 6FE
- Postcode
- AB32 6FE
- Capital
- 200 GBP
- Accounts category
- Small
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-12-31
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-09-16
- Next due by
- 2027-09-30
Nature of business (SIC)
- 71122 Engineering related scientific and technical consulting activities
Officers 1 current · 4 resigned
Group structure
Controlled by ELEMENTAL ENERGIES HOLDINGS LIMITED — since 2023-05-17
From persons-with-significant-control filings on the public register.
Among its peers
Top 1%
by shareholders' funds, of 488 similar companies in AB
Among the biggest employers among its local peers (10 staff).
Among the oldest 25% of its local peers, trading since 2000.
Competitors Aberdeen
This company ranks 2 among engineering related scientific and technical consulting activities in Aberdeen.
The class of 2000
41%
of the 75,535 companies incorporated in 2000 are still active today; 56% have since been dissolved.
A fact about the year, not a forecast for this company.