WELDEX (INTERNATIONAL) OFFSHORE LIMITED
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Cash
£2.1M
-47.6% vs 2023
Net assets
£27M
+7.4% vs 2023
Employees
96
-3% lowest in 4 filed years
Profit before tax
£2.5M
+6.9% highest in 4 filed years
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-11-30
| Metric | Trend | 2021-11-30 | 2022-11-30 | 2023-11-30 | 2024-11-30 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £18,960,000 | £21,771,000 | £26,634,000 | £23,631,000 | -11.3% | |
| Operating profit | £748,000 | £2,424,000 | £3,844,000 | £4,910,000 | +27.7% | |
| Profit before tax | -£1,250,000 | £822,000 | £2,345,000 | £2,507,000 | +6.9% | |
| Net profit | -£4,455,000 | £606,000 | £2,211,000 | £1,851,000 | -16.3% | |
| Cash | £2,609,000 | £772,000 | £3,976,000 | £2,085,000 | -47.6% | |
| Total assets less current liabilities | £81,941,000 | £76,238,000 | £77,377,000 | £73,294,000 | -5.3% | |
| Net assets | £41,264,000 | £41,870,000 | £25,124,000 | £26,975,000 | +7.4% | |
| Equity | £41,264,000 | £41,870,000 | £25,124,000 | £26,975,000 | +7.4% | |
| Average employees | 115 | 106 | 99 | 96 | -3% | |
| Wages | — | £6,370,000 | £6,282,000 | £6,303,000 | +0.3% | |
| Directors' remuneration | £546,000 | £546,000 | £639,000 | £867,000 | +35.7% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-11-30 | 2022-11-30 | 2023-11-30 | 2024-11-30 |
|---|---|---|---|---|---|
| Operating margin | 3.9% | 11.1% | 14.4% | 20.8% | |
| Net margin | -23.5% | 2.8% | 8.3% | 7.8% | |
| Return on capital employed | 0.9% | 3.2% | 5.0% | 6.7% | |
| Current ratio | — | — | 2.64x | 1.67x | |
| Interest cover | 0.37x | 1.51x | 2.55x | 1.98x |
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
- Anderson Anderson & Brown Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors, having made due and careful enquiry, are of the opinion that the company has adequate working capital to execute its operations over the next 12 months, following the date of approval of these financial statements. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCGILVRAY, Catherine | Director | 2010-08-11 | Jul 1943 | British |
| MCGILVRAY, Dugald Mitchell | Director | — | Nov 1944 | British |
| MCGILVRAY, Iain Mitchell | Director | 1996-05-01 | Nov 1972 | British |
| MCGILVRAY, Margaret Joan | Director | 1996-05-01 | Aug 1968 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCGILVRAY, Catherine | Secretary | 1991-12-31 | 2010-06-21 |
| BURNETT & REID | Corporate Secretary | — | 1992-12-31 |
| HILLHOUSE, John Anderson Steel | Director | — | 1996-05-01 |
| MCGILVRAY, Catherine | Director | — | 2010-06-21 |
| YARROW, Norman Murray | Director | 1996-05-01 | 2010-06-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Weldex (International) Offshore Holdings Ltd | Corporate entity | Shares 75–100% | 2016-12-31 | Active |
Filing timeline
Last 20 of 141 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-29 | AA | accounts | Accounts with accounts type full | |
| 2025-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-30 | AA | accounts | Accounts with accounts type full | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-16 | AA | accounts | Accounts with accounts type full | |
| 2023-10-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-05 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2023-10-05 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2023-10-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-31 | AA | accounts | Accounts with accounts type full | |
| 2022-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-27 | AA | accounts | Accounts with accounts type full | |
| 2021-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-07 | AA | accounts | Accounts with accounts type full | |
| 2020-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-02 | AA | accounts | Accounts with accounts type full | |
| 2019-06-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2019-02-11 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.