How much does TGT Oilfield Services UK Limited make?

TGT Oilfield Services UK Limited reported revenue of £9.9m and £59.6k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does TGT Oilfield Services UK Limited have?

TGT Oilfield Services UK Limited reported an average of 30 employees in the year to 31 Dec 2023.

Is TGT Oilfield Services UK Limited profitable?

Yes — TGT Oilfield Services UK Limited reported a profit of £59.6k in the year to 31 Dec 2023.

Company No. SC427554 · Incorporated 4 Jul 2012

TGT Oilfield Services UK Limited

Registered name: TGT OILFIELD SERVICES UK LIMITED

Part of Jordan Kuwait Bank Plc group

TGT Oilfield Services UK Limited made £9.9m revenue and £59.6k profit in the year to 31 Dec 2023.

TGT Oilfield Services UK Limited’s revenue fell 13% to £9.9m in the year to 31 Dec 2023, with £59.6k profit and 30 employees. The company is classified under “support activities for petroleum and natural gas extraction” and is based in Aberdeen; we hold 2 years of its filed accounts.

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

Status: Active
Location: Aberdeen, Scotland
Age: 14 yrs · since 2012
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. From the filing: “Up to and including 28 December 2023, the ultimate parent undertaking and controlling party was TGT Oilfield Services Limited BVI, a company registered in the British Virgin Islands. Thereafter and fr”

Latest accounts · year to 31 Dec 2023

Key figures

Revenue

£9.9m

Growth ▼13.1%

Profit

£59.6k

Growth ▼91.9%

Profit margin

0.6%

Gross 4.7%

Employees

Change ▲36.4%

Profit / employee

£2k

Revenue/employee £331k

Profitable streak

2yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£11.4m	£9.9m
Cost of sales	£10.7m	£9.5m
Gross profit	£756k	£470k
Operating profit	£802k	£502k
Profit before tax	£802k	£502k
Profit after tax	£738k	£59.6k
Profit (best available)	£738k	£59.6k
Employees (average)	22	30
Ratios
Profit margin	6.5%	0.6%
Gross margin	6.6%	4.7%
Revenue per employee	£519k	£331k
Profit per employee	£33.5k	£2k
Growth (year on year)
Revenue growth	—	▼13.1%
Profit growth	—	▼91.9%
Headcount growth	—	▲36.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.1m	£715k
Net assets	−£244k	−£184k
Fixed assets	£1.7m	£2.3m
Current assets	£14.4m	£19.3m
Debtors	£846k	£1.4m
Deferred income	£446k	£468k
Source	Accounts · bulk data May 2024	Accounts · bulk data May 2024

Derived from the latest filing

How the business works

Profit margin: 0.6%; Profit ÷ revenue.
Gross margin: 4.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £331k; Revenue ÷ average employees.
Profit per employee: £2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 23.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 4.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.6%; 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: —; Now −£184k
Cash at bank: ▼35%; Now £715k
Headcount: ▲36%; Now 30
Deferred income: ▲5%; Now £468k
Fixed assets: ▲34%; Now £2.3m

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

Jordan Kuwait Bank Plc (registered outside the UK register)ultimate parent75–100%
TGT Oilfield Services UK 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 accounts for the year to 31 Dec 2023 (profit £59.6k), from the Companies House accounts bulk data published May 2024. Spotted an error? Request a correction.

Updated from Companies House on 17 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.