How much does Nov Process & Flow Technologies UK Limited make?

Nov Process & Flow Technologies UK Limited reported revenue of £62.5m and £2.2m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Nov Process & Flow Technologies UK Limited have?

Nov Process & Flow Technologies UK Limited reported an average of 356 employees in the year to 31 Dec 2024.

Is Nov Process & Flow Technologies UK Limited profitable?

Yes — Nov Process & Flow Technologies UK Limited reported a profit of £2.2m in the year to 31 Dec 2024.

Company No. 00300721 · Incorporated 13 May 1935

Nov Process & Flow Technologies UK Limited

Registered name: NOV PROCESS & FLOW TECHNOLOGIES UK LIMITED

Part of Nov Inc. group

Nov Process & Flow Technologies UK Limited made £62.5m revenue and £2.2m profit in the year to 31 Dec 2024.

Nov Process & Flow Technologies UK Limited’s revenue grew 14% to £62.5m in the year to 31 Dec 2024, with £2.2m profit and 356 employees. The company is classified under “manufacture of pumps” and is based in Stonehouse; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 28131Manufacture of pumps

Status: Active
Location: Stonehouse, South West
Age: 91 yrs · since 1935
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2024

Key figures

Doing more with less

Revenue

£62.5m

Growth ▲14%

Profit

£2.2m

Growth —

Profit margin

3.5%

Gross 15.6%

Employees

356

Change ▼7.3%

Profit / employee

£6.1k

Revenue/employee £176k

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£54.7m	£54.8m	£62.5m
Cost of sales	£49.8m	£47.9m	£52.8m
Gross profit	£4.8m	£7m	£9.7m
Operating profit	£8k	−£1.7m	£2.7m
Profit before tax	£8.3m	−£1.5m	£2.9m
Profit after tax	£6.7m	−£1.2m	£2.2m
Profit (best available)	£6.7m	−£1.2m	£2.2m
Staff costs	£16.8m	£17.6m	£17.3m
Employees (average)	385	384	356
Ratios
Profit margin	12.3%	−2.1%	3.5%
Gross margin	8.9%	12.7%	15.6%
Revenue per employee	£142k	£143k	£176k
Profit per employee	£17.4k	−£3.1k	£6.1k
Growth (year on year)
Revenue growth	—	▲0.3%	▲14%
Profit growth	—	▼117.5%	—
Headcount growth	—	▼0.3%	▼7.3%
Balance sheet — indirect signals, not revenue
Net assets	£46m	£44.5m	£46.7m
Fixed assets	£21.6m	£21.6m	£20.9m
Current assets	£37.2m	£43.5m	£42.1m
Debtors	£8m	£10.3m	£9.1m
Deferred income	£2.1m	£2.5m	£1.9m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 3.5%; Profit ÷ revenue.
Gross margin: 15.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £176k; Revenue ÷ average employees.
Profit per employee: £6.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 33.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.6%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲5%; Now £46.7m
Cash at bank: —; Now —
Headcount: ▼7%; Now 356
Deferred income: ▼22%; Now £1.9m
Fixed assets: ▼4%; Now £20.9m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Nov Inc. (registered outside the UK register)ultimate parent75–100%
National Oilwell Varco UK Limited75–100%
Nov Process & Flow Technologies UK Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (7)

Tuboscope Vetco Capital LimitedRev. £16.1m · Profit £2.4m
Pipex LimitedRev. £13m · Profit £2.6m
Hellenes LimitedRev. £1.8m · Profit £4.1m
Nov Elmar (Middle East) LimitedRev. £1.7m · Profit £732k
National Oilwell (U.K.) LimitedRev. £5k · Profit £4k
Mono Group Pension Trustees LimitedFigures not disclosed
Nov Downhole Eurasia LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £2.2m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.

Updated from Companies House on 11 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.