P W Well Services Limited

Pw Well Services Ltd, based in Newark, UK, is a small holding company with an active status, having been founded 21 years ago. The company employs just one person and holds £4,703,611 in assets. It has a real address, is overseen by three directors, and has one owner, boasting a respectable Google rating of 4.0 from seven reviews. The company regularly imports machinery, boilers, and mechanical appliances, with 25 months of import activity recorded, the last in December 2023.

The company’s website describes Pw Well Services Ltd as owning and operating a fleet of land-based workover rigs and providing well intervention services across the United Kingdom. They offer a range of services, including workover, wireline/slickline, high-pressure pumping, storage and maintenance, equipment supply and rental, and HSEQ management. They also provide professional manpower services and have equipment like workover units, wireline units, and high-pressure pumping units. The site lists contact details and copyright information, but little else.

Financially, Pw Well Services Ltd presents a mixed picture. Cash bank on hand has plummeted by 72%, dropping to £1,100,000, while creditors have fallen by a significant 47%, reaching £1,500,000. Trade debtors have increased dramatically by 510%, now at £1,600,000, which could indicate a shift in payment terms or increased sales on credit. Net assets have risen by 37%, reaching £3,200,000, but the company’s net current assets have also increased by 38% to £3,200,000. The company’s small size—meeting two of three criteria for being small—helps it remain flexible, but the substantial decrease in cash reserves is a concern. No auditor is mentioned, so the figures are unaudited.

The company's reliance on a single employee suggests a lean operation, but the significant debt owed to Servatec Holdings Ltd (£1,500,000) could pose a challenge. While the business seems to be holding steady, the financial data reveals a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 04967550, with a registered address at NG24 3TL, England, Newark, 77 Fosse Road, Farndon.

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