National Oilwell Varco UK Limited
The Company's principal activity during the year was that of manufacturing, sale, rental and servicing ofequipment and accessories to the oil and gas industry. National Oilwell Varco UK Limited operates under three segments: Rig Technologies, Completion andProduction Solutions and Wellbore Technologies, and traded as the following divisions throughout the year:Amclyde Norson Engineering, APL (UK), Coil Services (North Sea), CTES, Dynamic Drilling Solutions (MDTotco),Elmar, Grant Prideco, Hydra Rig, NOV Flexibles UK, Pressure Performance Systems (PPS), Process &Flow Technologies, Procon Engineering, Rig Technologies, Tuboscope, Well Site Services - Axiom, Well SiteServices - Brandt and XL Systems. The Company also operates branches in Azerbaijan, Norway, Cameroonand Ivory Coast.
Revenue
£374.1m
▼ -0.1% vs prior ~12m period
Profit after tax
-£1.4m
Margin -0.4%
Employees
1,980
▲ +7.7% vs prior ~12m period
Net assets
£318.3m
Total assets £1.0bn
Financial history
Revenue by accounting period
4 periods available · ▲ growth ▼ decline
| Period end | Revenue | Growth | Profit before tax | Employees | Net assets |
|---|---|---|---|---|---|
| 31 Dec 2024 | £374.1m | ▼ -0.1% | -£5.7m | 1,980 | £318.3m |
| 31 Dec 2023 | £374.6m | ▲ +24.0% | £10.1m | 1,838 | £319.7m |
| 1 Jan 2023 | £302.1m | — | -£9.7m | 1,866 | £302.9m |
| 1 Jan 2022 | — | — | — | — | £317.0m |
Latest available figures
Period ending 31 Dec 2024. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.
Profit & loss
- Revenue
- £374.1m
- Gross profit
- £61.9m
- Operating profit
- -£1.5m
- Profit before tax
- -£5.7m
- Profit after tax
- -£1.4m
Balance sheet
- Total assets
- £1.0bn
- Cash
- £148.4m
- Total liabilities
- £696.6m
- Net assets
- £318.3m
- Revenue per employee
- £189k
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