Unity Well Integrity Europe Limited

Unity Well Integrity Europe Ltd, based in Great Yarmouth, UK, is a large, holding company with an active status, celebrating 30 years since its founding in 1994. Employing 36 people and holding assets of £4,747,009, the company operates from a real address and is overseen by two directors and one owner. It boasts a Google rating of 4.0 based on one review. The company regularly imports machinery, boilers, and mechanical appliances; parts (for 4 months), and exports the same (for 6 months).

The company's website reveals a focus on well integrity technology and services for the global oil and gas industry. It provides a range of products, including digital barrier verification systems, compact valve removal tools, and surface intervention systems, alongside services like training, engineered solutions, and pressure control equipment. The site highlights a commitment to asset longevity, drawing on technology and a skilled team, with impressive statistics: 150 platform wells decommissioned, 1000 wells regularly maintained, and 80 offshore technicians. The website also mentions a 75% reduction in spares lead time.

Financially, Unity Well Integrity Europe Ltd shows some concerning trends. Accrued liabilities and deferred income increased by 16%, while administrative expenses decreased by 18%. Bank borrowings surged by 35%, and cash reserves fell by nearly 4%, indicating a possible need to manage liquidity. Net assets, however, remained stable. The company’s turnover is estimated to be over £36 million, and the balance sheet total is over £18 million, confirming its large company status. The company’s average number of employees decreased slightly, from 36 to 33. The unaudited financial statements were prepared by Johnston Carmichael LLP.

Despite the mixed financial picture, Unity Well Integrity Europe Ltd appears to be a well-established player in its niche, providing essential services to the oil and gas sector. The company’s focus on technology and skilled personnel suggests a commitment to long-term success, though careful financial management will be crucial in the coming years.

Registered in England/Wales under the registration number 02977551, with a registered address at NR31 0LX, Great Yarmouth, Norfolk, Bessemer Way, Bessemer Way.

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