Weldex (International) Offshore Limited
Registered name: WELDEX (INTERNATIONAL) OFFSHORE LIMITED
Part of Weldex (International) Offshore Holdings Ltd groupWeldex (International) Offshore Limited made £22.5m revenue and £1.4m profit in the year to 30 Nov 2025.
Weldex (International) Offshore Limited’s revenue fell 5% to £22.5m in the year to 30 Nov 2025, with £1.4m profit and 92 employees. The company is classified under “renting and leasing of construction and civil engineering machinery and equipment”; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Scotland
- Age
- 54 yrs · since 1971
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Nov 2021 | 30 Nov 2022 | 30 Nov 2023 | 30 Nov 2024 | 30 Nov 2025 |
|---|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | £19m | £21.8m | £26.6m | £23.6m | £22.5m |
| Cost of sales | £8.6m | £9.5m | £10.9m | £9.1m | £9.4m |
| Gross profit | £10.4m | £12.3m | £15.7m | £14.5m | £13.2m |
| Operating profit | £748k | £2.4m | £3.8m | £4.9m | £3.4m |
| Profit before tax | −£1.3m | £822k | £2.3m | £2.5m | £1.6m |
| Profit after tax | −£4.5m | £606k | £2.2m | £1.9m | £1.4m |
| Profit (best available) | −£4.5m | £606k | £2.2m | £1.9m | £1.4m |
| Staff costs | — | £7.4m | £7.3m | £7.3m | £7.3m |
| Employees (average) | 115 | 106 | 99 | 96 | 92 |
| Ratios | |||||
| Profit margin | −23.5% | 2.8% | 8.3% | 7.8% | 6.3% |
| Gross margin | 54.7% | 56.4% | 59.1% | 61.5% | 58.5% |
| Revenue per employee | £165k | £205k | £269k | £246k | £245k |
| Profit per employee | −£38.7k | £5.7k | £22.3k | £19.3k | £15.5k |
| Growth (year on year) | |||||
| Revenue growth | — | ▲14.8% | ▲22.3% | ▼11.3% | ▼4.6% |
| Profit growth | — | — | ▲264.8% | ▼16.3% | ▼22.7% |
| Headcount growth | — | ▼7.8% | ▼6.6% | ▼3% | ▼4.2% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £2.6m | £772k | £4m | £2.1m | £3.6m |
| Net assets | £41.3m | £41.9m | £25.1m | £27m | £28.4m |
| Fixed assets | £92.8m | £84.7m | £71.5m | £70.1m | £66.6m |
| Current assets | £7.8m | £7m | £9.4m | £7.9m | £8.2m |
| Debtors | £2.8m | £4.7m | £4m | £3.6m | £2.9m |
| Deferred income | £311k | £478k | £1.2m | £517k | £585k |
| Source | Accounts · bulk data Nov 2023 | Accounts · bulk data Nov 2023 | Accounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 6.3%
- Profit ÷ revenue.
- Gross margin
- 58.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £245k
- Revenue ÷ average employees.
- Profit per employee
- £15.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 295.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 12.9%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲5%
- Now £28.4m
- Cash at bank
- ▲70%
- Now £3.6m
- Headcount
- ▼4%
- Now 92
- Deferred income
- ▲13%
- Now £585k
- Fixed assets
- ▼5%
- Now £66.6m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Weldex (International) Offshore Holdings Ltd (registered outside the UK register)ultimate parent75–100%
- Weldex (International) Offshore Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Nov 2025 (profit £1.4m), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.
Updated from Companies House on 23 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.