WELLTEC (UK) LTD.
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Cash
£141
-34.4% lowest in 4 filed years
Net assets
£2.9m
+36.1% highest in 4 filed years
Employees
34
+6.3% vs 2024
Profit before tax
£1.1m
+1,992% vs 2024
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £13,887,740 | £11,641,187 | £17,225,835 | £15,539,221 | -9.8% | |
| Operating profit | £802,011 | £1,683,428 | £28,394 | £1,132,749 | +3,889.4% | |
| Profit before tax | £705,345 | £1,643,590 | £51,018 | £1,067,297 | +1,992% | |
| Net profit | £478,018 | £1,445,820 | £40,280 | £762,945 | +1,794.1% | |
| Cash | £190 | £442 | £215 | £141 | -34.4% | |
| Total assets less current liabilities | £2,681,069 | £3,809,257 | £3,606,510 | £4,452,806 | +23.5% | |
| Net assets | £601,544 | £2,047,364 | £2,111,491 | £2,874,436 | +36.1% | |
| Equity | £601,544 | £2,047,364 | £2,111,491 | £2,874,436 | +36.1% | |
| Average employees | 35 | 37 | 32 | 34 | +6.3% | |
| Wages | £2,307,487 | £2,422,120 | £2,325,389 | £2,632,505 | +13.2% | |
| Directors' remuneration | — | — | — | — | — |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | 5.8% | 14.5% | 0.2% | 7.3% | |
| Net margin | 3.4% | 12.4% | 0.2% | 4.9% | |
| Return on capital employed | 29.9% | 44.2% | 0.8% | 25.4% | |
| Gearing (liabilities / total assets) | 90.2% | 68.4% | 77.6% | 61.5% | |
| Current ratio | — | 1.69x | 1.35x | 2.01x | |
| Interest cover | 7.57x | 11.60x | 0.38x | 8.70x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- AAB Audit & Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.”
Significant events
- “On 22 September 2026, Welltec's majority shareholders have accepted an offer from Superior Energy Services to acquire Welltec. The transaction remains subject to the necessary regulatory approvals and is expected to complete during the first half of 2027.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BURNESS PAULL LLP | Corporate Secretary | 2013-01-25 | — | — |
| HANSEN, Peter | Director | 2021-04-14 | Nov 1968 | Danish |
| KRISTENSEN, Peter Schnettler | Director | 2020-01-09 | May 1964 | Danish |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FRENCH, Barbara Ann | Secretary | 2000-03-08 | 2005-04-27 |
| MCKAY, Alexander Sutherland | Secretary | 2007-07-04 | 2011-04-08 |
| ROBERTSON, Elaine | Secretary | 2005-04-27 | 2007-06-04 |
| SKOVBJERG, Martin | Secretary | 2011-04-08 | 2012-01-15 |
| FORM 10 SECRETARIES FD LTD | Corporate Nominee Secretary | 2000-03-08 | 2000-03-09 |
| PAULL & WILLIAMSONS LLP | Corporate Secretary | 2012-01-15 | 2013-01-25 |
| FRENCH, Stephen Kenneth | Director | 2000-03-08 | 2005-04-27 |
| HALLUNDBAEK, Jorgen | Director | 2000-03-08 | 2021-04-14 |
| PEDERSEN, Martin Jorgen | Director | 2005-06-12 | 2010-04-30 |
| SKOVBJERG, Martin | Director | 2010-04-30 | 2020-01-09 |
| FORM 10 DIRECTORS FD LTD | Corporate Nominee Director | 2000-03-08 | 2000-03-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Jorgen Hallundbaek | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Ceased 2021-06-02 |
Filing timeline
Last 20 of 102 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-09 | AA | accounts | Accounts with accounts type full | |
| 2025-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-05 | AD02 | address | Change sail address company with old address new address | |
| 2023-08-14 | AA | accounts | Accounts with accounts type small | |
| 2023-04-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-04-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-06 | AA | accounts | Accounts with accounts type small | |
| 2022-04-29 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2022-04-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-16 | AA | accounts | Accounts with accounts type small | |
| 2021-04-16 | CH01 | officers | Change person director company with change date | |
| 2021-04-16 | AP01 | officers | Appoint person director company with name date | |
| 2021-04-16 | TM01 | officers | Termination director company with name termination date | |
| 2021-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-08 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.