Unity Well Integrity Uk Limited

Unity Well Integrity Uk Ltd, based in Aberdeen, UK, is a large, holding company with an active status. Established twenty years ago in 2004, the company employs seventy-six people and holds £8,101,512 in assets. While it has a registered address, 144 other companies are registered at the same location, suggesting a virtual address. The company is led by three directors and has one owner, with a respectable Google rating of 4.0 based on three reviews. It regularly imports and exports machinery, boilers, and mechanical appliances; parts, with nineteen months of export activity recorded.

The company’s website highlights its expertise in well integrity solutions, offering a range of products and services including digital barrier verification systems, compact valve removal tools, and pressure control equipment. It also provides training, engineered solutions, and onshore services. The site emphasizes its technology portfolio and skilled team, showcasing a focus on asset longevity. The company has decommisioned 150 platform wells and maintains 1000 wells regularly.

Financially, Unity Well Integrity Uk Ltd demonstrates some concerning trends. While current assets increased by 21%, net assets have increased by 19%, bank borrowings have increased by 13%, and cash reserves have increased by 13%. However, accrued liabilities deferred income have increased by 68%, and administrative expenses have increased by 20%. The company’s large size (meeting two of three criteria for turnover over £36 million, balance sheet over £18 million, and over 250 employees) suggests a substantial operation. The lack of an auditor mentioned (likely exempt as a larger company) means the figures rely on unaudited statements.

The increase in accrued liabilities and administrative expenses, combined with the relatively small cash reserves, could indicate that the company is burning through money faster than it’s generating revenue. The increase in bank borrowings suggests a reliance on external financing to cover operational costs. However, the growth in assets and the ongoing import/export activity point to a business that is still actively pursuing opportunities.

Registered in Scotland under the registration number SC273906, with a registered address at AB10 1DQ, Scotland, Aberdeen, 2 Marischal Square, Broad Street.

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