How many employees does Pragma Well Technology Limited have?

Pragma Well Technology Limited reported an average of 36 employees in the year to 31 Dec 2024.

Company No. SC533348 · Incorporated 22 Apr 2016

Pragma Well Technology Limited

Q: Is Pragma Well Technology Limited profitable?

No — Pragma Well Technology Limited reported a loss of £1.4m in the year to 31 Dec 2024.

Registered name: PRAGMA WELL TECHNOLOGY LIMITED

Part of Frontrow Energy Technology Group Limited group

Pragma Well Technology Limited made a £1.4m loss in the year to 31 Dec 2024 (revenue not disclosed).

Pragma Well Technology Limited reported a loss of £1.4m in the year to 31 Dec 2024; its revenue was not disclosed. It had 36 employees. The company is classified under “other business support service activities” and is based in Aberdeen; we hold 3 years of its filed accounts.

Profit onlySection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Aberdeen, Scotland
Age: 10 yrs · since 2016
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

Revenue

—

Not disclosed in filing

Profit

−£1.4m

Growth —

Profit margin

—

Employees

Change ▲800%

Profit / employee

−£39.9k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Profit only	Profit only	Profit only
Profit & loss
Revenue (turnover)	—	—	—
Cost of sales	£2.8m	£3.4m	£3.4m
Profit after tax	−£1.2m	−£1.3m	−£1.4m
Profit (best available)	−£1.2m	−£1.3m	−£1.4m
Employees (average)	5	4	36
Ratios
Profit margin	—	—	—
Profit per employee	−£239k	−£332k	−£39.9k
Growth (year on year)
Headcount growth	—	▼20%	▲800%
Balance sheet — indirect signals, not revenue
Cash at bank	£23.5k	£68.6k	£24.4k
Net assets	−£3.7m	−£5m	−£6.4m
Fixed assets	£4.4m	£4.4m	£4.3m
Current assets	£105k	£437k	£46.3k
Debtors	£540	£0	£0
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Feb 2026

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: −£39.9k; 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 −£6.4m
Cash at bank: ▼64%; Now £24.4k
Headcount: ▲800%; Now 36
Deferred income: —; Now —
Fixed assets: ▼2%; Now £4.3m

Corporate ownership

Group structure

Ownership chain

Frontrow Energy Technology Group Limitedultimate parent75–100%
Pragma Well Technology Limitedthis company

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

Subsidiaries (1)

Downhole Tools International LimitedRev. £5m · Profit −£154k

Sister companies (2)

Unity Well Integrity LimitedRev. — · Profit −£1.2m
Well-Sense Holdings LtdFigures 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 2024 (profit −£1.4m), from the Companies House accounts bulk data published Feb 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.