How much does Hellenes Limited make?

Hellenes Limited reported revenue of £1.8m and £4.1m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Hellenes Limited have?

Hellenes Limited reported an average of 3 employees in the year to 31 Dec 2024.

Is Hellenes Limited profitable?

Yes — Hellenes Limited reported a profit of £4.1m in the year to 31 Dec 2024.

Company No. SC553421 · Incorporated 28 Dec 2016

Hellenes Limited

Registered name: HELLENES LIMITED

Part of Nov Inc. group

Hellenes Limited made £1.8m revenue and £4.1m profit in the year to 31 Dec 2024.

Hellenes Limited’s revenue fell 49% to £1.8m in the year to 31 Dec 2024, with £4.1m profit and 3 employees. The company is classified under “other professional, scientific and technical activities” and is based in Aberdeen; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74909Other professional, scientific and technical activities n.e.c.

Status: Active
Location: Aberdeen, Scotland
Age: 9 yrs · since 2016
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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

£1.8m

Growth ▼48.9%

Profit

£4.1m

Growth ▲2154%

Profit margin

231.5%

Gross 40.2%

Employees

Change ▼90%

Profit / employee

£1.4m

Revenue/employee £594k

Profitable streak

2yrs

Consecutive profitable years in our data

Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.

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	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£3.5m	£1.8m
Cost of sales	—	£2.7m	£1.1m
Gross profit	—	£823k	£717k
Operating profit	—	£235k	£565k
Profit before tax	—	£249k	£4.3m
Profit after tax	—	£183k	£4.1m
Profit (best available)	—	£183k	£4.1m
Staff costs	—	£1.5m	£490k
Employees (average)	24	30	3
Ratios
Profit margin	—	5.3%	231.5%
Gross margin	—	23.6%	40.2%
Revenue per employee	—	£116k	£594k
Profit per employee	—	£6.1k	£1.4m
Growth (year on year)
Revenue growth	—	—	▼48.9%
Profit growth	—	—	▲2154%
Headcount growth	—	▲25%	▼90%
Balance sheet — indirect signals, not revenue
Cash at bank	£81k	£1m	—
Net assets	£1.5m	£1.7m	—
Fixed assets	£41.1k	£39.6k	—
Current assets	£2m	£1.9m	—
Debtors	£1m	£620k	—
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: 231.5%; Profit ÷ revenue.
Gross margin: 40.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £594k; Revenue ÷ average employees.
Profit per employee: £1.4m; 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 —
Cash at bank: —; Now —
Headcount: ▼90%; Now 3
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Nov Inc. (registered outside the UK register)ultimate parent75–100%
National Oilwell Varco UK Limited75–100%
Hellenes 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
Nov Elmar (Middle East) LimitedRev. £1.7m · Profit £732k
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 2024 (profit £4.1m), 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.