{"name":"NORTH SEA WELL ENGINEERING LIMITED","company_number":"SC211425","status":"Active","type":"Private Limited Company","incorporated":"2000-09-27","dissolved":null,"registered_office":"29 Abercrombie Court, Prospect Road, Arnhall Business Park, Westhill, Scotland, AB32 6FE","postcode":"AB32 6FE","sic_codes":[{"code":71122,"description":"Engineering related scientific and technical consulting activities"}],"principal_activity":null,"previous_names":[],"warnings":[],"accounts":{"category":"Small","year_end":"31 December","last_made_up_to":"2024-12-31","next_due":"2026-12-31"},"employees":{"count":10,"accounts_date":"2023-03-31"},"financials":[{"financial_date":"2023-03-31","profit_loss":1627762,"net_assets":10529596,"cash":6662738,"average_employees":10},{"financial_date":"2022-03-31","profit_loss":1847102,"net_assets":8901834,"cash":6067857},{"financial_date":"2021-03-31","net_assets":9554732,"cash":4565748}],"officers":{"current":1,"resigned":4,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/north-sea-well-engineering","people":"https://www.companiesintheuk.co.uk/company/north-sea-well-engineering/people","filing_history":"https://www.companiesintheuk.co.uk/company/north-sea-well-engineering/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/SC211425","financials":"https://www.companiesintheuk.co.uk/company/north-sea-well-engineering/financial","control":"https://www.companiesintheuk.co.uk/company/north-sea-well-engineering/control","ai_analysis":"https://www.companiesintheuk.co.uk/company/north-sea-well-engineering/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/north-sea-well-engineering"}