Wellgear Limited
Active09646403Mining & quarryingIncorporated 18 Jun 2015 · London
The principal activity of the company continued to be that of oil and gas engineering, plug and abandonment of wells, rental and snubbing services.
Revenue
£14.5m
▼ -59.1% vs prior ~12m period
Profit after tax
-£898k
Margin -3.5%
Employees
82
▼ -2.4% vs prior ~12m period
Net assets
£8.7m
Balance sheet partly available
Financial history
Revenue by accounting period
5 periods available · ▲ growth ▼ decline
Dec 2021Not available
Dec 2022Not available
Dec 2023
£27.3m
Dec 2024
£35.4m▲ +30.0%
Dec 2025
£14.5m▼ -59.1%
| Period end | Revenue | Growth | Profit before tax | Employees | Net assets |
|---|---|---|---|---|---|
| 31 Dec 2025 | £14.5m | ▼ -59.1% | -£427k | 82 | £8.7m |
| 31 Dec 2024 | £35.4m | ▲ +30.0% | £3.7m | 84 | £9.6m |
| 31 Dec 2023 | £27.3m | — | £1.0m | 79 | £7.6m |
| 31 Dec 2022 | — | — | £1.9m | 80 | £6.9m |
| 31 Dec 2021 | — | — | — | — | £5.4m |
Latest available figures
Period ending 31 Dec 2025. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.
Profit & loss
- Revenue
- £14.5m
- Gross profit
- £1.7m
- Operating profit
- -£514k
- Profit before tax
- -£427k
- Profit after tax
- -£898k
Balance sheet
- Total assets
- Not available
- Cash
- £47k
- Total liabilities
- Not available
- Net assets
- £8.7m
- Revenue per employee
- £177k
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