TUBOSCOPE VETCO CAPITAL LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-03 (in 6mo)
Last made up 2025-10-20
Watchouts
None on the register
Cash
£3M
-16.2% vs 2023
Net assets
£5M
+103.5% highest in 3 filed years
Employees
19
-44.1% lowest in 3 filed years
Profit before tax
£3M
+25.2% highest in 3 filed years
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £13,916,000 | — | £18,113,000 | £16,110,000 | |
| Operating profit | — | £409,000 | — | £2,489,000 | £3,043,000 | |
| Profit before tax | — | £2,064,000 | — | £2,483,000 | £3,108,000 | |
| Net profit | — | £985,000 | — | £1,565,000 | £2,386,000 | |
| Cash | — | £2,953,000 | — | £4,006,000 | £3,359,000 | |
| Total assets less current liabilities | — | £870,000 | — | £2,388,000 | £4,770,000 | |
| Net assets | — | £740,000 | — | £2,305,000 | £4,691,000 | |
| Equity | -£245,000 | £740,000 | £740,000 | £2,305,000 | £4,691,000 | |
| Average employees | — | 88 | — | 34 | 19 | |
| Wages | — | £5,203,000 | — | £2,951,000 | £1,429,000 | |
| Directors' remuneration | — | — | — | £595,051 | £568,139 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-11.1%
£18,113,000 £16,110,000
-
Cash
-16.2%
£4,006,000 £3,359,000
-
Net assets
+103.5%
£2,305,000 £4,691,000
highest in 3 filed years
-
Employees
-44.1%
34 19
lowest in 3 filed years
-
Operating profit
+22.3%
£2,489,000 £3,043,000
highest in 3 filed years
-
Profit before tax
+25.2%
£2,483,000 £3,108,000
highest in 3 filed years
-
Wages
-51.6%
£2,951,000 £1,429,000
lowest in 3 filed years
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | 2.9% | — | 13.7% | 18.9% | |
| Net margin | — | 7.1% | — | 8.6% | 14.8% | |
| Return on capital employed | — | 47.0% | — | 104.2% | 63.8% | |
| Gearing (liabilities / total assets) | — | — | — | 85.8% | 75.9% | |
| Current ratio | — | — | — | 1.45x | 1.59x | |
| Interest cover | — | 68.17x | — | 414.83x | 1014.33x |
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 1 time since incorporation
- TUBOSCOPE VETCO CAPITAL LIMITED 1993-12-15 → present
- ISTRIX LIMITED 1993-10-20 → 1993-12-15
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have considered the Company's current and future prospects, and its availability of financing, and are satisfied that the Company can continue to pay its liabilities as they fall due for a period to 31 March 2027. Based on a review of forecasts for the Company through to 31 March 2027, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and have no reason to believe that a material uncertainty exists that may cast significant doubt over the ability of the Company to continue as a going concern.”
Group structure
- TUBOSCOPE VETCO CAPITAL LIMITED · parent
- NOV Oil Services Angola Lda 49%
Significant events
- “Subsequent to the reporting date, the Company completed a riser repair project in Angola in July 2025 which incurred additional costs of approximately $470k following the decision to subcontract part of the work. Management is in discussions with the customer regarding a purchase order amendment to recover these costs.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| QUILTER, Martin John | Secretary | 2024-05-17 | — | — |
| BROUGHTON, Ian | Director | 2023-03-30 | Oct 1969 | British |
| O'NEIL, Christopher Paul | Director | 2020-12-31 | Dec 1973 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FLEMING, Alastair James | Secretary | 2011-09-30 | 2013-08-06 |
| LEIGHTON, Katherine Jennifer | Secretary | 2006-02-15 | 2010-10-21 |
| MIDDLETON, Sandra Elizabeth | Nominee Secretary | 1993-10-20 | 1993-12-08 |
| O'NEIL, Christopher Paul | Secretary | 2009-09-11 | 2011-09-30 |
| SLOAN, Alison May | Secretary | 2013-08-06 | 2024-05-17 |
| PAULL & WILLIAMSONS | Corporate Secretary | 1993-12-08 | 2006-02-15 |
| BERRETTO, Anthony Richard | Director | 1994-01-26 | 1996-05-31 |
| BOYLE, Thomas Douglas | Director | 2003-10-16 | 2011-07-04 |
| FLEMING, Alastair James | Director | 2013-07-31 | 2018-08-31 |
| GREENBERG, Martin Irving | Director | 1996-10-27 | 1998-10-26 |
| KEENER, David James | Director | 2011-07-04 | 2011-08-03 |
| KOONS, Ronald | Director | 1993-12-08 | 1996-04-24 |
| MARONEY III, James Francis | Director | 1993-12-08 | 1998-10-26 |
| MCNIVEN, Alan Ross | Nominee Director | 1993-10-20 | 1993-12-08 |
| MILLETT, Ronald James | Director | 1998-10-26 | 2006-02-15 |
| O'NEIL, Christopher Paul | Director | 2011-08-03 | 2015-09-30 |
| OUDENDIJK, Robbert | Director | 2015-09-30 | 2023-03-30 |
| REID, Simon Scott | Director | 2018-07-09 | 2020-12-31 |
| SMITH, David John | Director | 1993-12-08 | 1996-05-01 |
| STUART, Peter John | Director | 1998-10-26 | 2007-02-28 |
| VALENTINE, Steven Grenville | Director | 2006-02-15 | 2013-08-23 |
| WINKLER III, Joseph Charles | Director | 1996-10-27 | 1998-10-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Oilwell Varco Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 155 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-09 | AA | accounts | Accounts with accounts type full | |
| 2025-10-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-24 | AA | accounts | Accounts with accounts type full | |
| 2024-10-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-12 | RP04AP02 | officers | Second filing of director appointment with name | |
| 2024-06-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-06-10 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-05-09 | AA | accounts | Accounts with accounts type full | |
| 2024-04-12 | CH01 | officers | Change person director company with change date | |
| 2023-10-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-30 | AD02 | address | Change sail address company with old address new address | |
| 2023-04-21 | AA | accounts | Accounts with accounts type full | |
| 2023-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-21 | AA | accounts | Accounts with accounts type full | |
| 2021-10-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-05-11 | AA | accounts | Accounts with accounts type full | |
| 2021-01-20 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.