How much does Wellgear Limited make?

Wellgear Limited reported revenue of £14.5m and a loss of £898k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Wellgear Limited have?

Wellgear Limited reported an average of 82 employees in the year to 31 Dec 2025.

Is Wellgear Limited profitable?

No — Wellgear Limited reported a loss of £898k in the year to 31 Dec 2025.

Company No. 09646403 · Incorporated 18 Jun 2015

Wellgear Limited

Registered name: WELLGEAR LIMITED

Part of Wellgear Group Bv group

Wellgear Limited made £14.5m revenue and a £898k loss in the year to 31 Dec 2025.

Wellgear Limited’s revenue fell 59% to £14.5m in the year to 31 Dec 2025, with a loss of £898k and 82 employees. The company is classified under “support activities for petroleum and natural gas extraction” and is based in London; we hold 4 years of its filed accounts.

Full P&L filedSection B · Mining and quarryingSIC 09100Support activities for petroleum and natural gas extraction

Status: Active
Location: London, London
Age: 11 yrs · since 2015
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 2025

Key figures

Capital-lightCash flow filed

Revenue

£14.5m

Growth ▼59.1%

Profit

−£898k

Growth ▼144.8%

Profit margin

−6.2%

Gross 12.1%

Employees

Change ▼2.4%

Profit / employee

−£10.9k

Revenue/employee £177k

Profitable streak

0yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£25.4m	£27.3m	£35.4m	£14.5m
Cost of sales	£22m	£24.4m	£30.1m	£12.7m
Gross profit	£3.4m	£2.9m	£5.3m	£1.7m
Operating profit	£1.8m	£695k	£3.3m	−£514k
Profit before tax	£1.9m	£1m	£3.7m	−£427k
Profit after tax	£1.4m	£740k	£2m	−£898k
Profit (best available)	£1.4m	£740k	£2m	−£898k
Staff costs	£4.5m	£4.5m	—	—
Employees (average)	80	79	84	82
Ratios
Profit margin	5.6%	2.7%	5.7%	−6.2%
Gross margin	13.5%	10.6%	15.1%	12.1%
Revenue per employee	£318k	£345k	£422k	£177k
Profit per employee	£17.7k	£9.4k	£23.9k	−£10.9k
Cash conversion	−55.8%	−240.2%	31.9%	—
Growth (year on year)
Revenue growth	—	▲7.3%	▲30%	▼59.1%
Profit growth	—	▼47.8%	▲171%	▼144.8%
Headcount growth	—	▼1.3%	▲6.3%	▼2.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.1m	£558k	£1.1m	£46.8k
Net assets	£6.9m	£7.6m	£9.6m	£8.7m
Fixed assets	£283k	£1.7m	£386k	£474k
Debtors	£4.7m	£2.6m	£3.3m	£2.8m
Deferred income	£646k	£1.5m	£490k	£366k
Cash from operations	−£991k	−£1.7m	£1.1m	£770k
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: −6.2%; Profit ÷ revenue.
Gross margin: 12.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £177k; Revenue ÷ average employees.
Profit per employee: −£10.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.5%; 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: ▼9%; Now £8.7m
Cash at bank: ▼96%; Now £46.8k
Headcount: ▼2%; Now 82
Deferred income: ▼25%; Now £366k
Fixed assets: ▲23%; Now £474k

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

Wellgear Group Bv (registered outside the UK register)ultimate parent75–100%
Wellgear Limitedthis company

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

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 2025 (profit −£898k), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.

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