A K Well Services Limited

Ak Well Services Ltd, based in Inverness, UK, is a small holding company with an active status, founded nine years ago. It employs ten people and holds £822,558 in assets. With three directors and a single owner, it maintains a 5.0 Google rating based on one review. The company regularly imports salt, sulphur, earths, stone, plaster, lime, and cement, with its most recent import activity occurring four months ago.

The company’s website highlights its focus on providing specialist advice and support to independent oil companies regarding drilling, completion fluids, and associated services like solids control, drilling waste, cementing, and environmental services. It’s clear that Ak Well Services Ltd operates in the other service activities n.e.c. industries.

Financially, Ak Well Services Ltd presents a mixed picture. While cash reserves have increased significantly by 340%, reaching £290,000, current assets overall have doubled to £820,000. However, net assets have jumped by a substantial 270%, reaching £380,000. Bank borrowings have decreased slightly, and creditors have increased by 56%, suggesting a need to manage debt. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the sharp increase in corporation tax payable by 2900% is a cause for concern. The company is exempt from an audit, so the figures are unaudited.

The company’s workforce has decreased by 20% to eight employees, which could be a result of restructuring or changing operational needs. Overall, Ak Well Services Ltd seems to be navigating a period of change, balancing growth with financial pressures.

Registered in Scotland under the registration number SC526455, with a registered address at IV2 5GH, Scotland, Inverness, C/O A9 Accountancy Limited Elm House, Cradlehall Business Park.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.