NOV ELMAR (MIDDLE EAST) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-15 (in 3mo)
Last made up 2025-08-01
Watchouts
Cash
£1M
-30.6% lowest in 3 filed years
Net assets
£20M
-8% vs 2023
Employees
11
-8.3% lowest in 3 filed years
Profit before tax
£932K
-59.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Directors approved the transfer out the trade and assets of the Company to NOV Products Middle East FZE on 1 July 2022. At the point where the transfer completed, only a small residual operation remained which is being wound down. It is the intention of the Directors to liquidate the company. As a result, the Directors do not consider the Company to be a going concern and the financial statements have been prepared on a basis other than going concern.
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 | — | £24,867,000 | — | £3,077,000 | £1,594,000 | |
| Operating profit | — | -£1,205,000 | — | £1,196,000 | -£12,000 | |
| Profit before tax | — | £188,000 | — | £2,313,000 | £932,000 | |
| Net profit | — | £864,000 | — | £2,760,000 | £690,000 | |
| Cash | — | £1,803,000 | — | £1,621,000 | £1,125,000 | |
| Total assets less current liabilities | — | £19,658,000 | — | £22,425,000 | £20,694,000 | |
| Net assets | — | £19,478,000 | — | £22,268,000 | £20,494,000 | |
| Equity | £18,614,000 | £19,478,000 | £19,478,000 | £22,268,000 | £20,494,000 | |
| Average employees | — | 15 | — | 12 | 11 | |
| Wages | — | £3,471,000 | — | £1,195,000 | £907,000 | |
| Directors' remuneration | — | £322,000 | — | £601,000 | £567,000 |
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
-48.2%
£3,077,000 £1,594,000
lowest in 3 filed years
-
Cash
-30.6%
£1,621,000 £1,125,000
lowest in 3 filed years
-
Net assets
-8%
£22,268,000 £20,494,000
-
Employees
-8.3%
12 11
lowest in 3 filed years
-
Operating profit
-101%
£1,196,000 -£12,000
-
Profit before tax
-59.7%
£2,313,000 £932,000
-
Wages
-24.1%
£1,195,000 £907,000
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 | — | -4.8% | — | 38.9% | -0.8% | |
| Net margin | — | 3.5% | — | 89.7% | 43.3% | |
| Return on capital employed | — | -6.1% | — | 5.3% | -0.1% | |
| Current ratio | — | — | — | 30.69x | 20.94x | |
| Interest cover | — | -4.10x | — | 85.43x | -1.71x |
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 3 times since incorporation
- NOV ELMAR (MIDDLE EAST) LIMITED 2013-08-27 → present
- NOV ASEP ELMAR (MIDDLE EAST) LIMITED 2010-04-20 → 2013-08-27
- ELMAR SERVICES (MIDDLE EAST) LIMITED 2000-08-23 → 2010-04-19
- ELMAR MANUFACTURING LIMITED 1994-07-08 → 2000-08-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Directors approved the transfer out the trade and assets of the Company to NOV Products Middle East FZE on 1 July 2022. At the point where the transfer completed, only a small residual operation remained which is being wound down. It is the intention of the Directors to liquidate the company. As a result, the Directors do not consider the Company to be a going concern and the financial statements have been prepared on a basis other than going concern.”
Significant events
- “On 1 April 2025, the loan agreement between the Company and NOV Products Middle East FZE was amended, whereby the maturity date of the loan was extended to 25 October 2028. All other terms and conditions of the loan agreement remain the same. The amendment is effective from 1 April 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 23 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 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BREBNER, David John | Secretary | 1994-08-12 | 2001-08-31 |
| 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 | 1994-07-08 | 1994-08-12 |
| 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 | 2001-08-31 | 2006-02-15 |
| BOYLE, Thomas Douglas | Director | 2003-10-16 | 2011-07-04 |
| BREBNER, David John | Director | 1994-08-12 | 2001-08-31 |
| CAMERON, Lester Ferguson | Director | 1994-07-08 | 1994-08-12 |
| DUNCOMBE, Graeme | Director | 1994-08-12 | 2001-08-31 |
| FLEMING, Alastair James | Director | 2013-07-31 | 2018-08-31 |
| HALL, John Charles | Director | 1995-04-01 | 2001-08-31 |
| KEENER, David James | Director | 2011-07-04 | 2011-08-03 |
| MILLETT, Ronald James | Director | 2001-08-31 | 2006-02-15 |
| MILLOY, Gordon Thomas | Director | 1994-08-12 | 2001-08-31 |
| 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 |
| SPEAKMAN, Thomas Neil | Director | 1994-08-12 | 2001-08-31 |
| STUART, Peter John | Director | 2001-08-31 | 2007-02-28 |
| SWANSEY, John | Director | 1994-08-12 | 2001-08-31 |
| VALENTINE, Steven Grenville | Director | 2006-02-15 | 2013-08-23 |
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 | 2017-08-01 | Active |
Filing timeline
Last 20 of 154 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-30 | AA | accounts | Accounts with accounts type full | |
| 2024-08-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-29 | AD02 | address | Change sail address company with old address new address | |
| 2024-07-29 | AD03 | address | Move registers to sail company with new address | |
| 2024-07-15 | RP04AP03 | officers | Second filing of secretary appointment with name | |
| 2024-07-09 | AA | accounts | Accounts with accounts type full | |
| 2024-06-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-06-10 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-04-12 | CH01 | officers | Change person director company with change date | |
| 2023-11-22 | AA | accounts | Accounts with accounts type full | |
| 2023-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-02 | AA | accounts | Accounts with accounts type full | |
| 2022-08-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-05 | AA | accounts | Accounts with accounts type full | |
| 2021-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 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.