Skip to content
CompanySight
Company No. 11140788 · Incorporated 9 Jan 2018

Equinor Welkin Mill Limited

Registered name: EQUINOR WELKIN MILL LIMITED

Part of Equinor Asa group

Equinor Welkin Mill Limited made a £1.3m loss in the year to 31 Dec 2024 (revenue not disclosed).

Equinor Welkin Mill Limited reported a loss of £1.3m in the year to 31 Dec 2024; its revenue was not disclosed. It had 2 employees. The company is classified under “production of electricity” and is based in London; we hold 4 years of its filed accounts.

Profit onlySection D · Electricity, gas, steam and air conditioning supplySIC 35110Production of electricity
Status
Active
Location
London, London
Age
8 yrs · since 2018
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

Small team
Revenue
—
Not disclosed in filing
Profit
−£1.3m
Growth —
Profit margin
—
 
Employees
2
Change —
Profit / employee
−£657k
 
Profitable streak
0yrs
Consecutive profitable years in our data

This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.

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 to31 Jul 202231 Mar 202331 Dec 202331 Dec 2024
DisclosureNo P&LNo P&LProfit onlyProfit only
Profit & loss
Revenue (turnover)————
Profit before tax——−£818k−£1.3m
Profit (best available)——−£818k−£1.3m
Employees (average)2222
Ratios
Profit margin————
Profit per employee——−£409k−£657k
Balance sheet — indirect signals, not revenue
Cash at bank£17.6k£29.3k£5.1m£1.9m
Net assets£4.8k−£2.5k£14.2m£12.9m
Fixed assets£103k£12.8m£23.7m£25.2m
Current assets£95.9k£3.1m£5.6m£2.4m
Debtors£78.2k£3m£511k£529k
SourceFullAccounts · bulk data Dec 2023FullAccounts · bulk data Dec 2023FilletedAccounts · bulk data Sep 2024FilletedAccounts · bulk data Sep 2025
Derived from the latest filing

How the business works

Profit margin
—
Profit ÷ revenue.
Gross margin
—
Gross profit ÷ revenue. High for software and services.
Revenue per employee
—
Revenue ÷ average employees.
Profit per employee
−£657k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
—
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
—
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
—
Now £12.9m
Cash at bank
—
Now £1.9m
Headcount
—
Now 2
Deferred income
—
Now —
Fixed assets
—
Now £25.2m
Corporate ownership

Group structure

Ownership chain

  1. Equinor Asa (registered outside the UK register)ultimate parent75–100%
  2. Equinor New Energy Limited75–100%
  3. Equinor Welkin Mill Limitedthis company

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

Sister companies (9)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FilletedAccounts for the year to 31 Dec 2024 (profit −£1.3m), from the Companies House accounts bulk data published Sep 2025. 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.