OMEGA WELL MONITORING LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +13.8%

  £1,918,000 → £2,183,000

• Cash

  -11.4%

  £255,000 → £226,000

• Net assets

  +6.5%

  £1,109,000 → £1,181,000

• Employees

  0%

  4 → 4

• Operating profit

  +119.8%

  £101,000 → £222,000

• Profit before tax

  +119.8%

  £101,000 → £222,000

• Wages

  -17.9%

  £218,000 → £179,000

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

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.

1. OMEGA WELL MONITORING LIMITED 2012-03-23 → present
2. OMEGA DATA SERVICES LIMITED 1998-12-31 → 2012-03-23

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors continue to adopt the going concern basis in preparing the annual financial statements on the basis that the directors consider that the company has adequate resources to continue its operations for the foreseeable future. The company continues to receive financial support from its parent company Reservoir Group Limited. The directors have engaged with Reservoir Group Limited to understand the financial position of the wider group and have satisfied themselves that it has appropriate resources to support the company if required. This is evidenced by a healthy cash position of over $7.1m at the time of issue of this report while the current year trading performance is well ahead of budget and prior year figures, with strong results in terms of turnover and profit growth. This cash is the total group level cash holding. Based on their projections and using a "harsh but plausible scenario" the directors consider that the Company and Group have adequate financial resources available including stable operations which is expected to continue until 31 December 2026.”

Group structure

1. OMEGA WELL MONITORING LIMITED · parent
   1. Reservoir Group Al Saudi Company 0.05% · Saudi Arabia

Significant events

• “During the year, demand for the company's products and services grew with turnover increasing from £1,918,000 for 2023 to £2,183,000 for 2024. Although 2024 seen a reduction to the gross margin compared to 2023, considerable cost savings and a £90,000 dividend from Reservoir Group Al Saudi resulted in the company's after-tax profit increased from £65,000 for 2023 to £192,000 for 2024.”
• “The directors plan to build on the recovery in turnover and profitability in the ensuing year.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.