NATIONAL OILWELL VARCO UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-13 (in 4mo)
Last made up 2025-08-30
Watchouts
None on the register
Cash
£148M
+251.5% highest in 3 filed years
Net assets
£318M
-0.4% vs 2023
Employees
1,980
+7.7% highest in 3 filed years
Profit before tax
-£6M
-155.9% vs 2023
Name history
Renamed 3 times since incorporation
- NATIONAL OILWELL VARCO UK LIMITED 2006-07-28 → present
- VARCO LIMITED 2002-01-02 → 2006-07-28
- TUBOSCOPE (UK) LIMITED 1998-01-07 → 2002-01-02
- DREXEL EQUIPMENT(U.K.)LIMITED 1966-03-04 → 1998-01-07
Net assets
5-year trend · vs Energy median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £302,138,000 | — | £374,554,000 | £374,128,000 | |
| Operating profit | — | £18,323,000 | — | £2,109,000 | -£1,472,000 | |
| Profit before tax | — | -£9,733,000 | — | £10,140,000 | -£5,671,000 | |
| Net profit | — | -£13,119,000 | — | £17,431,000 | -£1,448,000 | |
| Cash | — | £49,925,000 | — | £42,211,000 | £148,362,000 | |
| Total assets less current liabilities | — | £822,078,000 | — | £837,370,000 | £837,245,000 | |
| Net assets | — | £302,886,000 | — | £319,664,000 | £318,290,000 | |
| Equity | £316,978,000 | £302,886,000 | £302,886,000 | £319,664,000 | £318,290,000 | |
| Average employees | — | 1,866 | — | 1,838 | 1,980 | |
| Wages | — | £73,293,000 | — | £74,429,000 | £76,671,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | 6.1% | — | 0.6% | -0.4% | |
| Net margin | — | -4.3% | — | 4.7% | -0.4% | |
| Return on capital employed | — | 2.2% | — | 0.3% | -0.2% | |
| Interest cover | — | 0.83x | — | 0.10x | -0.07x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
People
3 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| QUILTER, Martin John | Secretary | 2024-05-17 | — | — |
| BROUGHTON, Ian | Director | 2023-03-30 | Oct 1969 | British |
| O'NEIL, Christopher Paul | Director | 2020-12-31 | Dec 1973 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOYLE, Thomas Douglas | Secretary | 2003-10-16 | 2007-02-28 |
| FLEMING, Alastair James | Secretary | 2011-09-30 | 2013-08-06 |
| LEIGHTON, Katherine Jennifer | Secretary | 2007-02-28 | 2010-10-21 |
| LUMSDEN, Duncan Stordy | Secretary | — | 1996-10-18 |
| MILLETT, Ronald James | Secretary | 1999-10-29 | 2003-10-16 |
| O'NEIL, Christopher Paul | Secretary | 2009-09-11 | 2011-09-30 |
| SLOAN, Alison May | Secretary | 2013-08-06 | 2024-05-17 |
| PAULL & WILLIAMSONS | Corporate Secretary | 1996-10-18 | 2009-04-06 |
| PAULL & WILLIAMSONS LLP | Corporate Secretary | 2009-04-06 | 2011-09-30 |
| BARETT, Dean | Director | — | 1997-07-07 |
| BOYLE, Thomas Douglas | Director | 2003-10-16 | 2011-07-04 |
| FLEMING, Alastair James | Director | 2013-07-31 | 2018-08-31 |
| HARRIMAN, Christopher Donald | Director | — | 1997-07-07 |
| KEENER, David James | Director | 2011-07-04 | 2011-08-03 |
| LOH, Lim Young | Director | — | 1996-05-29 |
| LUMSDEN, Duncan Stordy | Director | 1992-03-05 | 1996-10-18 |
| MC ANALLY, Joe Edwn | Director | — | 1997-07-07 |
| MCCAFFERTY, Francis Bruce | Director | — | 1997-07-07 |
| MILLETT, Ronald James | Director | 1997-07-24 | 2006-02-15 |
| MURRAY, Hector Murdo | Director | — | 1997-07-07 |
| O'NEIL, Christopher Paul | Director | 2011-08-03 | 2015-09-30 |
| OUDENDIJK, Robbert | Director | 2015-09-30 | 2023-03-30 |
| REID, Simon Scott | Director | 2018-07-09 | 2020-12-31 |
| STUART, Peter John | Director | — | 2007-02-28 |
| VALENTINE, Steven Grenville | Director | 2006-02-15 | 2013-08-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nov Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-10-20 | Active |
| Nov Uk Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2021-10-20 |
Filing timeline
Last 20 of 234 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-07 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-10-07 | SH20 | capital | Legacy | |
| 2025-10-07 | CAP-SS | insolvency | Legacy | |
| 2025-10-07 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-09-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-14 | CH01 | officers | Change person director company with change date | |
| 2024-08-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-29 | AA | accounts | Accounts with accounts type full | |
| 2024-07-15 | RP04AP03 | officers | Second filing of secretary appointment with name | |
| 2024-06-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-06-10 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-04-12 | CH01 | officers | Change person director company with change date | |
| 2023-09-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-07-17 | AA | accounts | Accounts with accounts type full | |
| 2023-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-07 | AA | accounts | Accounts with accounts type full | |
| 2022-09-01 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-0.1%
£374,554,000 £374,128,000
-
Cash
+251.5%
£42,211,000 £148,362,000
highest in 3 filed years
-
Net assets
-0.4%
£319,664,000 £318,290,000
-
Employees
+7.7%
1,838 1,980
highest in 3 filed years
-
Operating profit
-169.8%
£2,109,000 -£1,472,000
lowest in 3 filed years
-
Profit before tax
-155.9%
£10,140,000 -£5,671,000
-
Wages
+3%
£74,429,000 £76,671,000
highest in 3 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers