RESERVOIR GROUP LIMITED

1. RESERVOIR GROUP LIMITED 2007-04-23 → present
2. MM&S (5172) LIMITED 2006-11-15 → 2007-04-23

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors continue to adopt the going concern basis in preparing the financial statements on the basis that the directors consider that the Group and Company have adequate resources to continue their operations for the foreseeable future. The directors have satisfied themselves that the Group and Company have appropriate resources evidenced by a healthy cash position of over $6.6m at 12 December 2025, while the current year trading performance is well ahead of budget and prior year figures, with strong results in terms of both turnover and profit growth.”

Group structure

1. RESERVOIR GROUP LIMITED · parent
   1. Corpro Group Limited 100% · Scotland
   2. Corpro Systems Limited 100% · Scotland
   3. Welltools Limited 100% · Scotland
   4. Wellvention Limited 100% · Scotland
   5. Omega Well Monitoring Limited 100% · Scotland
   6. Reservoir Group Coring Limited 100% · Scotland
   7. Corpro Systems FZE DMCC 100% · UAE
   8. The Tool Company BV 100% · Netherlands
   9. Reservoir Group Lda 100% · Angola
   10. Reservoir Uganda Limited 100% · Uganda
   11. Reservoir Group Al Saudi Company 100% · Saudi Arabia
   12. Corpro Al Saudi Company 92.5% · Saudi Arabia
   13. Reservoir Group Oilfield Services Pty Ltd 100% · Australia
   14. Extreme Machining Australia Pty Ltd 100% · Australia
   15. Reservoir Group Vietnam Company Ltd 100% · Vietnam
   16. Reservoir Group do Brazil Servios de Peteoleo Limitada 100% · Brazil
   17. ALSMX S.A de C.V. in liquidation 100% · Mexico

Significant events

• “Discontinued operations in the consolidated statement of comprehensive income comprise the Group's two Australian companies which ceased trading in 2023, the Groups' non-trading Mexican subsidiary in liquidation and the Group's non-trading South African subsidiary Reservoir Group South Africa Pty Limited which was de-registered in 2024.”
• “During the year the Company paid a dividend of $2.5m (2023: $10.4m).”
• “The Company paid a dividend of £1,500,000 to Madison Industries Holdings B.V. in June 2025.”

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

Filings

2

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.

• Turnover

  +3%

  £30,120,830 → £31,024,463

• Cash

  -10.3%

  £3,803,558 → £3,413,640

• Net assets

  +0.6%

  £16,667,161 → £16,775,389

• Employees

  +4.5%

  155 → 162

• Operating profit

  -21.9%

  £4,402,520 → £3,438,844

• Profit before tax

  -20.1%

  £4,340,252 → £3,466,271

• Wages

  +3.9%

  £6,997,776 → £7,270,571

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