PRAGMA WELL TECHNOLOGY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-17 (in 1y)
Last made up 2026-05-03
Watchouts
None on the register
Cash
£95K
-46.8% vs 2023
Net assets
-£7M
-42.1% lowest in 3 filed years
Employees
36
-7.7% vs 2023
Profit before tax
-£2M
+5.8% vs 2023
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £4,833,570 | £4,990,603 | |
| Operating profit | — | — | -£1,393,600 | -£1,026,113 | |
| Profit before tax | — | — | -£2,274,818 | -£2,141,913 | |
| Net profit | — | -£1,193,049 | -£1,851,049 | -£2,141,913 | |
| Cash | — | £23,480 | £178,506 | £95,023 | |
| Total assets less current liabilities | — | — | £3,778,546 | £2,457,111 | |
| Net assets | — | -£3,683,861 | -£5,085,045 | -£7,226,958 | |
| Equity | — | — | -£5,085,045 | -£7,226,958 | |
| Average employees | 24 | 5 | 39 | 36 | |
| Wages | — | — | — | — | |
| 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. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+3.2%
£4,833,570 £4,990,603
-
Cash
-46.8%
£178,506 £95,023
-
Net assets
-42.1%
-£5,085,045 -£7,226,958
lowest in 3 filed years
-
Employees
-7.7%
39 36
-
Operating profit
+26.4%
-£1,393,600 -£1,026,113
-
Profit before tax
+5.8%
-£2,274,818 -£2,141,913
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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -28.8% | -20.6% | |
| Net margin | — | — | -38.3% | -42.9% | |
| Return on capital employed | — | — | -36.9% | -41.8% | |
| Current ratio | — | — | 2.34x | 1.77x | |
| Interest cover | — | — | -1.58x | -0.92x |
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
- PRAGMA WELL TECHNOLOGY LIMITED 2017-11-22 → present
- WELL-SENSE TECHNOLOGY (FLI) LIMITED 2016-04-22 → 2017-11-22
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Consolidated group
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The long-term strategy gives confidence to the Board of Directors that the company and its subsidiary will be able to meet their liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements and as such, the Board of Directors have prepared these financial statements on a going concern basis.”
Group structure
- PRAGMA WELL TECHNOLOGY LIMITED · parent
- Downhole Tools International Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FERGUSON, Stuart Edward | Director | 2017-12-22 | Jun 1966 | British |
| KENT, Stephen | Director | 2025-10-14 | Sep 1966 | British |
| MCGUINNESS, Neil Stephen | Director | 2017-12-22 | Feb 1968 | British |
| MOULSDALE, Peter Alexander | Director | 2026-02-18 | Oct 1974 | British |
| STEPHENSON, David | Director | 2025-10-13 | Jul 1970 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CRAWFORD, Robert | Director | 2021-06-30 | 2022-04-05 |
| PURKIS, Daniel George | Director | 2016-04-22 | 2021-07-21 |
| SMART, Gary John | Director | 2018-01-19 | 2026-01-29 |
| SMITH, Colin | Director | 2016-04-22 | 2025-10-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Frontrow Energy Technology Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-12-22 | Active |
| Well-Sense Technology Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-22 | Ceased 2017-12-22 |
Filing timeline
Last 20 of 56 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-20 MA Memorandum articles
- 2024-06-20 RESOLUTIONS Resolution
- 2023-12-05 MA Memorandum articles
- 2023-12-05 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-06 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-06 | SH01 | capital | Capital allotment shares | |
| 2026-03-06 | SH01 | capital | Capital allotment shares | |
| 2026-02-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-05 | AA | accounts | Accounts with accounts type group | |
| 2026-01-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-06-20 | MA | incorporation | Memorandum articles | |
| 2024-06-20 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-05 | MA | incorporation | Memorandum articles | |
| 2023-12-05 | RESOLUTIONS | resolution | Resolution | |
| 2023-09-28 | AA | accounts | Accounts with accounts type group | |
| 2023-05-03 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 2
- Officers appointed
- 3
- Officers resigned
- 2
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.