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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-10-24 (in 5mo)

Last made up 2025-10-10

Watchouts

None on the register

Cash

£7

-80% vs 2023

Net assets

£96M

+20.9% vs 2023

Employees

1

0% vs 2023

Profit before tax

£17M

+4,407.7% vs 2023

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover
Operating profit -£386,701£16,657,794
Profit before tax -£386,701£16,657,794
Net profit -£386,701£16,657,794
Cash £35£7
Total assets less current liabilities £79,582,785£96,257,624
Net assets £79,545,766£96,203,560
Equity £79,545,766£96,203,560
Average employees 11
Wages £0£0

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 2023-12-312024-12-31
Return on capital employed -0.5%17.3%
Gearing (liabilities / total assets) 0.1%0.1%
Current ratio 0.00x0.00x

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.

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
PricewaterhouseCoopers CI LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The Director confirms the use of the going concern basis of accounting is appropriate as there are no material uncertainties relating to events or conditions that may cast significant doubt about the ability of the Company to continue as a going concern.”

Group structure

  1. BWE VIES UK LIMITED · parent
    1. Varel Oil and Gas Holdings Inc 56.9% · Wilmington, DE, United States · global supplier of drilling solutions focused on the oil and gas industry and downhole products which specialises in well construction and well completions

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

1 active · 1 resigned

Name Role Appointed Born Nationality
OBEROI, Salil Director 2019-10-11 Dec 1983 British
Show 1 resigned officer
Name Role Appointed Resigned
DICKINSON, Mark Simon Director 2019-10-11 2023-04-28

Ownership

Persons with significant control

No persons with significant control on record.

Filing timeline

Last 20 of 20 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2020-03-12 RESOLUTIONS Resolution
Date Type Category Description
2026-04-09 AD01 address Change registered office address company with date old address new address PDF
2025-10-21 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-06-27 AA accounts Accounts with accounts type full
2024-10-30 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-08-24 AA accounts Accounts with accounts type full
2023-11-13 CS01 confirmation-statement Confirmation statement with updates PDF
2023-09-29 AA accounts Accounts with accounts type full
2023-07-06 SH01 capital Capital allotment shares PDF
2023-05-18 TM01 officers Termination director company with name termination date PDF
2022-11-16 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-07-28 AA accounts Accounts with accounts type full
2021-10-29 AA accounts Accounts with accounts type full
2021-10-23 CS01 confirmation-statement Confirmation statement with updates PDF
2021-09-28 DISS40 gazette Gazette filings brought up to date
2021-09-14 GAZ1 gazette Gazette notice compulsory
2020-10-23 CS01 confirmation-statement Confirmation statement with updates PDF
2020-10-23 AA01 accounts Change account reference date company current extended PDF
2020-03-12 SH01 capital Capital allotment shares
2020-03-12 RESOLUTIONS resolution Resolution
2019-10-11 NEWINC incorporation Incorporation company PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
3

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

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

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Official Companies House page