How much does Wellbore Integrity Solutions UK Limited make?

Wellbore Integrity Solutions UK Limited reported revenue of £19.9m and £1m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Wellbore Integrity Solutions UK Limited have?

Wellbore Integrity Solutions UK Limited reported an average of 88 employees in the year to 31 Dec 2024.

Is Wellbore Integrity Solutions UK Limited profitable?

Yes — Wellbore Integrity Solutions UK Limited reported a profit of £1m in the year to 31 Dec 2024.

Company No. 12045071 · Incorporated 11 Jun 2019

Wellbore Integrity Solutions UK Limited

Registered name: WELLBORE INTEGRITY SOLUTIONS UK LIMITED

Wellbore Integrity Solutions UK Limited made £19.9m revenue and £1m profit in the year to 31 Dec 2024.

Wellbore Integrity Solutions UK Limited’s revenue fell 6% to £19.9m in the year to 31 Dec 2024, with £1m profit and 88 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 SIC 25620Machining SIC 72190Other research and experimental development on natural sciences and engineering

Status: Active
Location: London, London
Age: 7 yrs · since 2019
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

IndependentCash flow filed

Revenue

£19.9m

Growth ▼6.2%

Profit

£1m

Growth —

Profit margin

5.1%

Gross 28.9%

Employees

Change ▲4.8%

Profit / employee

£11.5k

Revenue/employee £226k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£18.5m	£14m	£21.2m	£19.9m
Cost of sales	£14.1m	£10.3m	£13.8m	£14.2m
Gross profit	£4.3m	£3.7m	£7.4m	£5.8m
Operating profit	£397k	−£112k	−£1.6m	£1.2m
Profit before tax	£449k	−£427k	−£1.6m	£1.1m
Profit after tax	£449k	−£441k	−£1.6m	£1m
Profit (best available)	£449k	−£441k	−£1.6m	£1m
Staff costs	£5.5m	£5m	£6m	£6.4m
Employees (average)	88	78	84	88
Ratios
Profit margin	2.4%	−3.1%	−7.4%	5.1%
Gross margin	23.5%	26.4%	34.9%	28.9%
Revenue per employee	£210k	£180k	£253k	£226k
Profit per employee	£5.1k	−£5.7k	−£18.6k	£11.5k
Cash conversion	−1260%	—	—	−5.9%
Growth (year on year)
Revenue growth	—	▼24.1%	▲51.4%	▼6.2%
Profit growth	—	▼198.3%	—	—
Headcount growth	—	▼11.4%	▲7.7%	▲4.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.8m	£884k	£1.6m	£1.3m
Net assets	£9.8m	£9.4m	£6.9m	£7.9m
Fixed assets	£5.7m	£5.7m	£5.2m	£4m
Current assets	£15.3m	£14.9m	£17.3m	£19.2m
Debtors	£4m	£4.2m	£1.3m	£3.5m
Deferred income	£67.6k	£2.4k	£933k	£595k
Cash from operations	−£5m	−£2.5m	£1.4m	−£67.7k
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 5.1%; Profit ÷ revenue.
Gross margin: 28.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £226k; Revenue ÷ average employees.
Profit per employee: £11.5k; Profit ÷ average employees.
Cash conversion: −5.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 19.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 17.5%; 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: ▲15%; Now £7.9m
Cash at bank: ▼16%; Now £1.3m
Headcount: ▲5%; Now 88
Deferred income: ▼36%; Now £595k
Fixed assets: ▼24%; Now £4m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal 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 £1m), from the Companies House accounts bulk data published Dec 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.