How much does Nov Elmar (Middle East) Limited make?

Nov Elmar (Middle East) Limited reported revenue of £1.7m and £732k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Nov Elmar (Middle East) Limited have?

Nov Elmar (Middle East) Limited reported an average of 7 employees in the year to 31 Dec 2025.

Is Nov Elmar (Middle East) Limited profitable?

Yes — Nov Elmar (Middle East) Limited reported a profit of £732k in the year to 31 Dec 2025.

Company No. SC151883 · Incorporated 8 Jul 1994

Nov Elmar (Middle East) Limited

Registered name: NOV ELMAR (MIDDLE EAST) LIMITED

Part of Nov Inc. group

Nov Elmar (Middle East) Limited made £1.7m revenue and £732k profit in the year to 31 Dec 2025.

Nov Elmar (Middle East) Limited’s revenue grew 9% to £1.7m in the year to 31 Dec 2025, with £732k profit and 7 employees. The company is classified under “other service activities” and is based in Portlethen, Aberdeen; we hold 4 years of its filed accounts.

Full P&L filedSection S · Other service activitiesSIC 96090Other service activities n.e.c.

Status: Active
Location: Portlethen, Aberdeen, Scotland
Age: 32 yrs · since 1994
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

Small teamDoing more with less

Revenue

£1.7m

Growth ▲9.2%

Profit

£732k

Growth ▲6.1%

Profit margin

42.1%

Gross 59.5%

Employees

Change ▼36.4%

Profit / employee

£105k

Revenue/employee £249k

Profitable streak

4yrs

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&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£24.9m	£3.1m	£1.6m	£1.7m
Cost of sales	£24m	£1.1m	£585k	£705k
Gross profit	£888k	£2m	£1m	£1m
Operating profit	−£1.2m	£1.2m	−£12k	£43k
Profit before tax	£188k	£2.3m	£932k	£976k
Profit after tax	£864k	£2.8m	£690k	£732k
Profit (best available)	£864k	£2.8m	£690k	£732k
Staff costs	£3.9m	£1.3m	£986k	£677k
Employees (average)	15	12	11	7
Ratios
Profit margin	3.5%	89.7%	43.3%	42.1%
Gross margin	3.6%	65.8%	63.3%	59.5%
Revenue per employee	£1.7m	£256k	£145k	£249k
Profit per employee	£57.6k	£230k	£62.7k	£105k
Growth (year on year)
Revenue growth	—	▼87.6%	▼48.2%	▲9.2%
Profit growth	—	▲219.4%	▼75%	▲6.1%
Headcount growth	—	▼20%	▼8.3%	▼36.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.8m	£1.6m	£1.1m	£759k
Net assets	£19.5m	£22.3m	£20.5m	£21.2m
Fixed assets	£621k	—	—	—
Current assets	£20.8m	£23.4m	£22.1m	£22.7m
Debtors	£465k	£21.8m	£21m	£21.9m
Deferred income	£243k	£236k	£324k	£344k
Source	Accounts · bulk data Jul 2024	Accounts · bulk data Jul 2024	FullAccounts · bulk data May 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 42.1%; Profit ÷ revenue.
Gross margin: 59.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £249k; Revenue ÷ average employees.
Profit per employee: £105k; 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: 19.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1261%; 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: ▲4%; Now £21.2m
Cash at bank: ▼33%; Now £759k
Headcount: ▼36%; Now 7
Deferred income: ▲6%; Now £344k
Fixed assets: —; Now —

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 Elmar (Middle East) Limitedthis company

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

Sister companies (7)

Nov Process & Flow Technologies UK LimitedRev. £62.5m · Profit £2.2m
Tuboscope Vetco Capital LimitedRev. £16.1m · Profit £2.4m
Pipex LimitedRev. £13m · Profit £2.6m
Hellenes LimitedRev. £1.8m · Profit £4.1m
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 2025 (profit £732k), 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.