REEVES WIRELINE TECHNOLOGIES LIMITED
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Cash
—
Latest balance sheet
Net assets
£46m
+1.9% vs 2023
Employees
97
+22.8% vs 2023
Profit before tax
£1.1m
+232.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £8,116,000 | £13,517,000 | +66.5% | |
| Operating profit | -£2,550,000 | £78,000 | +103.1% | |
| Profit before tax | -£795,000 | £1,052,000 | +232.3% | |
| Net profit | -£996,000 | £723,000 | +172.6% | |
| Cash | — | — | — | |
| Total assets less current liabilities | £45,144,000 | £46,016,000 | +1.9% | |
| Net assets | £45,144,000 | £46,016,000 | +1.9% | |
| Equity | £45,144,000 | £46,016,000 | +1.9% | |
| Average employees | 79 | 97 | +22.8% | |
| Wages | £4,075,000 | £4,415,000 | +8.3% | |
| Directors' remuneration | £126,000 | £133,000 | +5.6% | |
| Directors' pension contributions | £8,000 | £8,000 | 0% | |
| Highest paid director | £134,000 | £141,000 | +5.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -31.4% | 0.6% | |
| Net margin | -12.3% | 5.3% | |
| Return on capital employed | -5.6% | 0.2% | |
| Gearing (liabilities / total assets) | 8.9% | 23.4% | |
| Current ratio | 10.76x | 4.07x | |
| Interest cover | -9.17x | 0.14x |
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.
Name history
Renamed 2 times since incorporation
- REEVES WIRELINE TECHNOLOGIES LIMITED 1998-12-31 → present
- WIRELINE TECHNOLOGIES LIMITED 1994-04-01 → 1998-12-31
- BPB (INSTRUMENTS) OFFSHORE LIMITED 1908-01-07 → 1994-04-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
Significant events
- “The directors intend to transfer the trade of the company to another group company, namely Weatherford UK Limited, and it is expected that the company will then be wound up during 2028.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STRACHAN, Richard Khalil | Secretary | 2015-10-09 | — | — |
| STRACHAN, Richard Khalil | Director | 2018-08-11 | Mar 1985 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ATKIN, James Reginald | Secretary | — | 2000-12-14 |
| FULTON, William Gray | Secretary | 2009-06-01 | 2009-10-02 |
| MONCUR, Brian | Secretary | 2009-10-02 | 2013-01-29 |
| ROSE-GARVIE, Gemma | Secretary | 2013-01-29 | 2015-10-09 |
| WROOT, Richard Wilson | Secretary | 2000-12-14 | 2009-05-31 |
| ADAMS, Martin John | Director | 2018-08-11 | 2025-03-31 |
| CHERRIE, Malcolm Angus | Director | 1994-04-01 | 1999-04-30 |
| ENSTONE, Martin Charles | Director | 1998-04-01 | 2018-08-11 |
| HENRY, Joseph Claude | Director | 2009-06-18 | 2011-02-25 |
| HYDE, Robin Anthony | Director | 1992-10-31 | 2004-12-31 |
| JONES, Ian | Director | 2004-12-31 | 2017-03-31 |
| MARTIN, Burt Michael | Director | 2005-08-31 | 2009-06-18 |
| MCNULTY, Michael Joseph | Director | 2004-09-01 | 2005-08-31 |
| PRENTICE, Euan Robertson | Director | 2013-01-29 | 2018-08-11 |
| REEVES, Donald Richard | Director | — | 1998-04-01 |
| SAMWORTH, James Roger | Director | 1994-04-01 | 2005-08-31 |
| SPENCER, Michael Charles | Director | 1994-04-01 | 2005-08-31 |
| WHATMOUGH, Michael John | Director | — | 1992-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Weatherford Eurasia Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 165 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-03 | AA | accounts | Accounts with accounts type full | |
| 2025-07-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-17 | AA | accounts | Accounts with accounts type full | |
| 2024-07-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-03 | AA | accounts | Accounts with accounts type full | |
| 2023-06-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-09 | AA | accounts | Accounts with accounts type full | |
| 2022-09-09 | AA | accounts | Accounts with accounts type full | |
| 2022-07-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-24 | DISS40 | gazette | Gazette filings brought up to date | |
| 2021-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-21 | GAZ1 | gazette | Gazette notice compulsory | |
| 2021-03-18 | AA | accounts | Accounts with accounts type full | |
| 2020-08-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-11 | AA | accounts | Accounts with accounts type full | |
| 2019-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-10-29 | AA | accounts | Accounts with accounts type full | |
| 2018-08-15 | TM01 | officers | Termination director company with name termination date | |
| 2018-08-15 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.