wellvention limited
wellvention limited Company Information
Company Number
SC367516
Next Accounts
Sep 2025
Shareholders
reservoir group ltd
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
1 george square, glasgow, G2 1AL
Website
http://reservoirgroup.comwellvention limited Estimated Valuation
Pomanda estimates the enterprise value of WELLVENTION LIMITED at £5.7m based on a Turnover of £8.2m and 0.7x industry multiple (adjusted for size and gross margin).
wellvention limited Estimated Valuation
Pomanda estimates the enterprise value of WELLVENTION LIMITED at £16.9m based on an EBITDA of £3.3m and a 5.12x industry multiple (adjusted for size and gross margin).
wellvention limited Estimated Valuation
Pomanda estimates the enterprise value of WELLVENTION LIMITED at £7.3m based on Net Assets of £3.4m and 2.13x industry multiple (adjusted for liquidity).
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Wellvention Limited Overview
Wellvention Limited is a live company located in glasgow, G2 1AL with a Companies House number of SC367516. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 2009, it's largest shareholder is reservoir group ltd with a 100% stake. Wellvention Limited is a established, mid sized company, Pomanda has estimated its turnover at £8.2m with rapid growth in recent years.
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Wellvention Limited Health Check
Pomanda's financial health check has awarded Wellvention Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £8.2m, make it larger than the average company (£4.8m)
£8.2m - Wellvention Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 55%, show it is growing at a faster rate (6.7%)
55% - Wellvention Limited
6.7% - Industry AVG
Production
with a gross margin of 43.6%, this company has a comparable cost of product (38.3%)
43.6% - Wellvention Limited
38.3% - Industry AVG
Profitability
an operating margin of 38.6% make it more profitable than the average company (5.7%)
38.6% - Wellvention Limited
5.7% - Industry AVG
Employees
with 24 employees, this is similar to the industry average (27)
24 - Wellvention Limited
27 - Industry AVG
Pay Structure
on an average salary of £66k, the company has a higher pay structure (£53.9k)
£66k - Wellvention Limited
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £341.5k, this is more efficient (£171.3k)
£341.5k - Wellvention Limited
£171.3k - Industry AVG
Debtor Days
it gets paid by customers after 84 days, this is later than average (42 days)
84 days - Wellvention Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is slower than average (32 days)
38 days - Wellvention Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 39 days, this is in line with average (33 days)
39 days - Wellvention Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (22 weeks)
12 weeks - Wellvention Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.2%, this is a lower level of debt than the average (62.5%)
21.2% - Wellvention Limited
62.5% - Industry AVG
WELLVENTION LIMITED financials
Wellvention Limited's latest turnover from December 2023 is £8.2 million and the company has net assets of £3.4 million. According to their latest financial statements, Wellvention Limited has 24 employees and maintains cash reserves of £226 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 8,197,000 | 6,443,000 | 3,248,000 | 2,186,000 | 3,266,000 | 2,232,000 | 1,725,000 | 2,185,000 | 2,452,000 | 3,691,000 | 2,625,000 | 1,733,000 | 946,671 | 535,585 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 4,622,000 | 3,466,000 | 1,965,000 | 1,311,000 | 1,597,000 | 1,347,000 | 1,323,000 | 1,234,000 | 1,091,000 | 1,620,000 | 1,271,000 | 830,000 | 318,503 | 75,063 |
| Gross Profit | 3,575,000 | 2,977,000 | 1,283,000 | 875,000 | 1,669,000 | 885,000 | 402,000 | 951,000 | 1,361,000 | 2,071,000 | 1,354,000 | 903,000 | 628,168 | 460,522 |
| Admin Expenses | 1,129,000 | 978,000 | 417,710 | 314,115 | ||||||||||
| Operating Profit | 225,000 | -75,000 | 210,458 | 146,407 | ||||||||||
| Interest Payable | 1,000 | 3,000 | 3,000 | 21,784 | 24,894 | |||||||||
| Interest Receivable | 27 | 521 | ||||||||||||
| Pre-Tax Profit | 2,462,000 | 2,229,000 | 651,000 | 182,000 | 807,000 | 413,000 | 7,000 | 104,000 | -382,000 | 492,000 | 222,000 | -78,000 | 188,701 | 122,034 |
| Tax | -67,000 | -77,000 | -71,000 | -27,000 | -15,000 | -11,000 | -79,000 | -28,000 | 157,000 | -90,000 | -39,000 | 6,000 | -62,074 | -26,449 |
| Profit After Tax | 2,395,000 | 2,152,000 | 580,000 | 155,000 | 792,000 | 402,000 | -72,000 | 76,000 | -225,000 | 402,000 | 183,000 | -72,000 | 126,627 | 95,585 |
| Dividends Paid | ||||||||||||||
| Retained Profit | 2,395,000 | 2,152,000 | 580,000 | 155,000 | 792,000 | 402,000 | -72,000 | 76,000 | -225,000 | 402,000 | 183,000 | -72,000 | 126,627 | 95,585 |
| Employee Costs | 1,584,000 | 1,521,000 | 973,000 | 840,000 | 955,000 | 716,000 | 744,000 | 813,000 | 1,190,000 | 1,450,000 | 977,000 | 820,000 | 219,426 | 71,068 |
| Number Of Employees | 24 | 18 | 14 | 14 | 13 | 9 | 12 | 14 | 14 | 13 | 8 | 5 | ||
| EBITDA* | 680,000 | 196,000 | 311,095 | 207,529 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 782,000 | 627,000 | 350,000 | 363,000 | 460,000 | 322,000 | 383,000 | 457,000 | 574,000 | 1,250,000 | 1,619,000 | 1,071,000 | 451,758 | 393,272 |
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 782,000 | 627,000 | 350,000 | 363,000 | 460,000 | 322,000 | 383,000 | 457,000 | 574,000 | 1,250,000 | 1,619,000 | 1,071,000 | 451,758 | 393,272 |
| Stock & work in progress | 500,000 | 350,000 | 456,000 | 561,000 | 440,000 | 384,000 | 353,000 | 374,000 | 376,000 | 423,000 | 348,000 | 299,000 | 95,153 | 42,039 |
| Trade Debtors | 1,890,000 | 3,800,000 | 1,100,000 | 743,000 | 991,000 | 552,000 | 301,000 | 597,000 | 560,000 | 242,000 | 766,000 | 332,000 | 331,257 | 284,318 |
| Group Debtors | 894,000 | 1,160,000 | 797,000 | 521,000 | 35,000 | 13,000 | 6,000 | 369,000 | 370,000 | 283,000 | 370,000 | |||
| Misc Debtors | 48,000 | 15,000 | 113,000 | 160,000 | 182,000 | 188,000 | 194,000 | 320,000 | 295,000 | 321,000 | 83,000 | 9,000 | 77,597 | 27,005 |
| Cash | 226,000 | 769,000 | 277,000 | 33,000 | 77,000 | 86,000 | 66,000 | 283,000 | 390,000 | 859,000 | 228,000 | 71,000 | 48,957 | 42,045 |
| misc current assets | ||||||||||||||
| total current assets | 3,558,000 | 4,934,000 | 3,106,000 | 2,294,000 | 2,211,000 | 1,245,000 | 927,000 | 1,580,000 | 1,990,000 | 2,215,000 | 1,708,000 | 1,081,000 | 552,964 | 395,407 |
| total assets | 4,340,000 | 5,561,000 | 3,456,000 | 2,657,000 | 2,671,000 | 1,567,000 | 1,310,000 | 2,037,000 | 2,564,000 | 3,465,000 | 3,327,000 | 2,152,000 | 1,004,722 | 788,679 |
| Bank overdraft | 3,000 | |||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 491,000 | 395,000 | 306,000 | 124,000 | 191,000 | 93,000 | 87,000 | 158,000 | 85,000 | 81,000 | 218,000 | 106,000 | 124,403 | 316,067 |
| Group/Directors Accounts | 99,000 | 184,000 | 366,000 | 380,000 | 388,000 | 284,000 | 515,000 | 1,144,000 | 1,809,000 | 2,066,000 | 2,534,000 | 1,824,000 | 506,459 | |
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 328,000 | 387,000 | 341,000 | 290,000 | 384,000 | 271,000 | 194,000 | 149,000 | 160,000 | 583,000 | 242,000 | 64,000 | 131,313 | 358,227 |
| total current liabilities | 918,000 | 966,000 | 1,013,000 | 794,000 | 963,000 | 651,000 | 796,000 | 1,451,000 | 2,054,000 | 2,730,000 | 2,994,000 | 1,994,000 | 762,175 | 674,294 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 8,000 | 20,235 | 18,700 | |||||||||||
| total long term liabilities | 8,000 | 20,235 | 18,700 | |||||||||||
| total liabilities | 918,000 | 966,000 | 1,013,000 | 794,000 | 963,000 | 651,000 | 796,000 | 1,451,000 | 2,054,000 | 2,730,000 | 2,994,000 | 2,002,000 | 782,410 | 692,994 |
| net assets | 3,422,000 | 4,595,000 | 2,443,000 | 1,863,000 | 1,708,000 | 916,000 | 514,000 | 586,000 | 510,000 | 735,000 | 333,000 | 150,000 | 222,312 | 95,685 |
| total shareholders funds | 3,422,000 | 4,595,000 | 2,443,000 | 1,863,000 | 1,708,000 | 916,000 | 514,000 | 586,000 | 510,000 | 735,000 | 333,000 | 150,000 | 222,312 | 95,685 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 225,000 | -75,000 | 210,458 | 146,407 | ||||||||||
| Depreciation | 133,000 | 102,000 | 77,000 | 95,000 | 92,000 | 101,000 | 145,000 | 211,000 | 621,000 | 556,000 | 455,000 | 271,000 | 100,637 | 61,122 |
| Amortisation | ||||||||||||||
| Tax | -67,000 | -77,000 | -71,000 | -27,000 | -15,000 | -11,000 | -79,000 | -28,000 | 157,000 | -90,000 | -39,000 | 6,000 | -62,074 | -26,449 |
| Stock | 150,000 | -106,000 | -105,000 | 121,000 | 56,000 | 10,000 | -21,000 | -2,000 | 376,000 | 75,000 | 49,000 | 203,847 | 53,114 | 42,039 |
| Debtors | -983,000 | 1,442,000 | 673,000 | 6,000 | 919,000 | -148,000 | -415,000 | -301,000 | 1,224,000 | -199,000 | 421,000 | 302,146 | 97,531 | 311,323 |
| Creditors | 96,000 | 89,000 | 182,000 | -67,000 | 98,000 | -65,000 | -71,000 | 73,000 | 85,000 | -137,000 | 112,000 | -18,403 | -191,664 | 316,067 |
| Accruals and Deferred Income | -59,000 | 46,000 | 51,000 | -94,000 | 113,000 | 122,000 | 45,000 | -11,000 | 160,000 | 341,000 | 178,000 | -67,313 | -226,914 | 358,227 |
| Deferred Taxes & Provisions | -8,000 | -12,235 | 1,535 | 18,700 | ||||||||||
| Cash flow from operations | 453,000 | -401,944 | -318,667 | 520,712 | ||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -85,000 | -182,000 | -14,000 | -8,000 | 104,000 | -860,000 | -629,000 | -665,000 | 1,809,000 | -468,000 | 710,000 | 1,317,541 | 506,459 | |
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -1,000 | -3,000 | -3,000 | -21,757 | -24,373 | |||||||||
| cash flow from financing | -3,653,000 | -182,000 | -14,000 | -8,000 | 104,000 | -933,000 | -629,000 | -665,000 | 2,544,000 | -468,000 | 707,000 | 1,314,229 | 484,702 | -24,273 |
| cash and cash equivalents | ||||||||||||||
| cash | -543,000 | 492,000 | 244,000 | -44,000 | -9,000 | -197,000 | -217,000 | -107,000 | 390,000 | 631,000 | 157,000 | 22,043 | 6,912 | 42,045 |
| overdraft | -3,000 | 3,000 | ||||||||||||
| change in cash | -543,000 | 492,000 | 244,000 | -44,000 | -6,000 | -200,000 | -217,000 | -107,000 | 390,000 | 631,000 | 157,000 | 22,043 | 6,912 | 42,045 |
wellvention limited Credit Report and Business Information
Wellvention Limited Competitor Analysis
Perform a competitor analysis for wellvention limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in G 2 area or any other competitors across 12 key performance metrics.
wellvention limited Ownership
WELLVENTION LIMITED group structure
Wellvention Limited has no subsidiary companies.
Ultimate parent company
MADISON INDUSTRIES COOPERATIEF UA
#0163866
2 parents
WELLVENTION LIMITED
SC367516
wellvention limited directors
Wellvention Limited currently has 5 directors. The longest serving directors include Mr Christian Bernert (Nov 2017) and Mr Christopher Domke (Aug 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christian Bernert | England | 55 years | Nov 2017 | - | Director |
| Mr Christopher Domke | United States | 61 years | Aug 2020 | - | Director |
| Mr Christopher Domke | United States | 61 years | Aug 2020 | - | Director |
| Ms Kamilah Nasr | United Kingdom | 38 years | Aug 2020 | - | Director |
| Mr Dale Sweeney | United Kingdom | 36 years | Feb 2022 | - | Director |
P&L
December 2023turnover
8.2m
+27%
operating profit
3.2m
0%
gross margin
43.7%
-5.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.4m
-0.26%
total assets
4.3m
-0.22%
cash
226k
-0.71%
net assets
Total assets minus all liabilities
wellvention limited company details
company number
SC367516
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
October 2009
age
16
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
wellbore intervention limited (July 2012)
accountant
-
auditor
ERNST & YOUNG LLP
address
1 george square, glasgow, G2 1AL
Bank
HSBC BANK PLC
Legal Advisor
DENTONS UK AND MIDDLE EAST LLP
wellvention limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 4 charges/mortgages relating to wellvention limited. Currently there are 1 open charges and 3 have been satisfied in the past.
wellvention limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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wellvention limited Companies House Filings - See Documents
| date | description | view/download |
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