ZENITH OILFIELD TECHNOLOGY LTD
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Cash
—
Latest balance sheet
Net assets
£76M
+10.3% vs 2023
Employees
41
0% vs 2023
Profit before tax
£9.4M
-6% vs 2023
Net assets
2-year trend · vs Energy 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 | £65,996,000 | £73,609,000 | +11.5% | |
| Operating profit | £7,792,000 | £6,799,000 | -12.7% | |
| Profit before tax | £10,016,000 | £9,419,000 | -6% | |
| Net profit | £7,137,000 | £7,073,000 | -0.9% | |
| Cash | — | — | — | |
| Total assets less current liabilities | £68,965,000 | £76,044,000 | +10.3% | |
| Net assets | £68,965,000 | £76,044,000 | +10.3% | |
| Equity | £68,965,000 | £76,044,000 | +10.3% | |
| Average employees | 41 | 41 | 0% | |
| Wages | £2,883,000 | £2,863,000 | -0.7% | |
| Directors' remuneration | £0 | £0 | — |
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 | 11.8% | 9.2% | |
| Net margin | 10.8% | 9.6% | |
| Return on capital employed | 11.3% | 8.9% | |
| Current ratio | 4.34x | 4.11x | |
| Interest cover | 2.27x | 1.13x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared cash flow forecasts for a period of at least one year from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides in the operations and its financial resources, the company will have sufficient funds to meet its liabilities as they fall due for that period.”
Significant events
- “During 2025, after a review of the customer base being predominately in Middle East as described in note 4, the company's management made the decision to close the manufacturing component of this business and to partially transfer this to another affiliated company in the Baker Hughes group. The company will continue to retain a small team of engineers to operate its 'engineering business'.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUNLOP, Lorraine Amanda | Secretary | 2019-08-06 | — | — |
| BALDINI, Valentina | Director | 2022-09-06 | Jan 1979 | Italian |
| MOORE, Steven | Director | 2020-04-07 | Feb 1971 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CESTERO, Alejandro | Secretary | 2012-02-29 | 2013-08-29 |
| HAMILTON, Richard Andrew | Secretary | 2004-01-06 | 2012-02-29 |
| FORM 10 SECRETARIES FD LTD | Corporate Nominee Secretary | 2003-12-02 | 2003-12-04 |
| VISTRA COMPANY SECRETARIES LIMITED | Corporate Secretary | 2013-10-29 | 2019-08-06 |
| BOONE, Christopher Laird | Director | 2012-02-29 | 2013-08-29 |
| CESTERO, Alejandro | Director | 2012-02-29 | 2013-08-29 |
| CREWS, Mark Evans | Director | 2012-02-29 | 2013-09-29 |
| DAVIE, Gregory Joseph | Director | 2004-01-06 | 2017-08-31 |
| GRAY, Euan | Director | 2013-11-01 | 2016-10-14 |
| HAMILTON, Richard Andrew | Director | 2004-01-06 | 2012-02-29 |
| HOLSEY, JR, Ronal Keith | Director | 2014-07-09 | 2016-10-17 |
| JORDAN, Leslie Eric | Director | 2004-01-06 | 2012-02-29 |
| KETTLEWELL, Keith | Director | 2004-01-06 | 2012-02-29 |
| KHAYYAT, Amer | Director | 2016-10-31 | 2018-02-07 |
| KHOURY GONZALO, Maria De Los Angeles | Director | 2013-08-23 | 2013-11-01 |
| MAKRAM-EBEID, Alexandre | Director | 2020-04-07 | 2022-09-06 |
| MILNE, Ian Fraser | Director | 2013-08-23 | 2014-05-12 |
| MILNE, William Henderson | Director | 2018-02-07 | 2020-04-07 |
| VAN DER SCHYFF, Kim | Director | 2018-02-07 | 2019-08-06 |
| FORM 10 DIRECTORS FD LTD | Corporate Nominee Director | 2003-12-02 | 2003-12-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sondex Wireline Limited | Corporate entity | Shares 75–100% (as firm), Voting 75–100% (as firm) | 2016-04-06 | Active |
Filing timeline
Last 20 of 120 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-21 | CH01 | officers | Change person director company with change date | |
| 2026-04-13 | CH01 | officers | Change person director company with change date | |
| 2026-03-16 | AA | accounts | Accounts with accounts type full | |
| 2026-02-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-05 | AA | accounts | Accounts with accounts type full | |
| 2024-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-17 | AA | accounts | Accounts with accounts type full | |
| 2023-07-06 | AA | accounts | Accounts with accounts type full | |
| 2022-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-21 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-21 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-13 | AA | accounts | Accounts with accounts type full | |
| 2021-12-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-06 | AA | accounts | Accounts with accounts type full | |
| 2020-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-23 | AP01 | officers | Appoint person director company with name date | |
| 2020-04-23 | TM01 | officers | Termination director company with name termination date | |
| 2020-04-23 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.