CompanyTrack
P

PRAGMA WELL TECHNOLOGY LIMITED

Active Aberdeen

Other business support service activities n.e.c.

39 employees
Other business support service activities n.e.c.
P

PRAGMA WELL TECHNOLOGY LIMITED

Other business support service activities n.e.c.

Founded 22 Apr 2016 Active Aberdeen, United Kingdom 39 employees
Other business support service activities n.e.c.
Accounts Submitted 30 Sept 2024
Confirmation Statement Submitted 17 May 2025
Net assets £-5.09M £1.85M 2023 year on year
Total assets £5.06M £863.06K 2023 year on year
Total Liabilities £10.15M £987.99K 2023 year on year
Charges 1
1 outstanding

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Contact & Details

Registered Address

Wellheads Crescent Wellheads Industrial Estate Aberdeen AB21 7GA United Kingdom

Credit Report

Discover PRAGMA WELL TECHNOLOGY LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

Financials

Financials

Period 1 Jan → 31 Dec 2023
Type Total Exemption Full
Next accounts 31 December 2024
Due by 30 September 2025 9 months

Net Assets, Total Assets & Total Liabilities (2021–2023)

Cash in Bank

£178.51k

Decreased by £186.12k (-51%)

Net Assets

-£5.09M

Decreased by £1.85M (-57%)

Total Liabilities

£10.15M

Increased by £987.99k (+11%)

Turnover

£4.83M

Decreased by £830.06k (-15%)

Employees

39

Decreased by 4 (-9%)

Debt Ratio

200%

Increased by 45 (+29%)

Financial History

Revenue, profit, EBITDA and key financial figures

2023
Dec Year End
2022
Dec Year End
P&L
Revenue
£142.3M
£128.7M
Gross Profit
£48.2M
£43.1M
Operating Profit
£22.4M
£19.8M
Net Profit
£18.1M
£15.9M
EBITDA
£31.5M
£28.2M
Assets
Cash
£24.7M
£21.3M
Total Assets
£89.4M
£82.1M
Liabilities
Total Liabilities
£45.2M
£41.8M
Key Metrics
Employees
1,247
1,156
Latest Revenue
£142.3M
Latest EBITDA
£31.5M
Cash Position
£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share Capital

Share allotments and capital structure

2 Allotments 8,287 Shares £8k Total
Date FromShare ClassShares AllottedAmount RaisedPrice/Share
30 Mar 20221,015£1k£1
30 Jun 20217,272£7k£1

Officers

Officers

5 active 3 resigned
Status
David StephensonDirectorBritishUnited Kingdom5513 Oct 2025Active
Gary John SmartDirectorBritishScotland5519 Jan 2018Active
Neil Stephen McguinnessDirectorBritishUnited Kingdom5822 Dec 2017Active
Stephen KentDirectorBritishEngland5914 Oct 2025Active
Stuart Edward FergusonDirectorBritishScotland5922 Dec 2017Active

Shareholders

Shareholders (11)

Niall Cameron
0.9%
1,00717 May 2025
Patrycjusz Bartlomiej Proszynski
0.5%
50017 May 2025
Matthew Manning
0.0%
017 May 2025

Persons with Significant Control

Persons with Significant Control (1)

1 Active 1 Ceased

Frontrow Energy Technology Group Limited

United Kingdom

Active
Notified 22 Dec 2017
Nature of Control
  • Voting Rights 75 To 100 Percent
  • Right To Appoint And Remove Directors

Well-sense Technology Limited

Ceased 22 Dec 2017

Ceased

Group Structure

Group Structure

FRONTROW ENERGY TECHNOLOGY GROUP LIMITED united kingdom voting rights 25 to 50 percent
BGF GP LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
BGF GROUP PLC united kingdom significant influence or control
HSBC (BGF) INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
RBS SME INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent
BARCLAYS FUNDS INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
UBERIOR INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
BARCLAYS EQUITY HOLDINGS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
HSBC BANK PLC united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent
RBS AA HOLDINGS (UK) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent
LBG EQUITY INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
BARCLAYS PRINCIPAL INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
HSBC HOLDINGS PLC united kingdom
LLOYDS BANKING GROUP PLC united kingdom
NATWEST GROUP PLC united kingdom
BARCLAYS PLC united kingdom
PRAGMA WELL TECHNOLOGY LIMITED Current Company
DOWNHOLE TOOLS INTERNATIONAL LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

Charges

Charges

1 outstanding

Documents

Company Filings

DateCategoryDescriptionDocument
3 Nov 2025OfficersTermination of Colin Smith as director on 2025-10-30View(1 page)
20 Oct 2025OfficersAppointment of Mr David Stephenson as director on 2025-10-13View(2 pages)
16 Oct 2025OfficersAppointment of Stephen Kent as director on 2025-10-14View(2 pages)
17 May 2025Confirmation StatementConfirmation statement made on 2025-05-03 with updatesView(5 pages)
15 Apr 2025Persons With Significant ControlChange to Frontrow Energy Technology Group Limited as a person with significant control on 2025-04-14View(2 pages)
3 Nov 2025 Officers

Termination of Colin Smith as director on 2025-10-30

20 Oct 2025 Officers

Appointment of Mr David Stephenson as director on 2025-10-13

16 Oct 2025 Officers

Appointment of Stephen Kent as director on 2025-10-14

17 May 2025 Confirmation Statement

Confirmation statement made on 2025-05-03 with updates

15 Apr 2025 Persons With Significant Control

Change to Frontrow Energy Technology Group Limited as a person with significant control on 2025-04-14

Recent Activity

Latest Activity

Termination of Colin Smith as director on 2025-10-30

3 months ago on 3 Nov 2025

Appointment of Mr David Stephenson as director on 2025-10-13

3 months ago on 20 Oct 2025

Appointment of Stephen Kent as director on 2025-10-14

3 months ago on 16 Oct 2025

Confirmation statement made on 2025-05-03 with updates

8 months ago on 17 May 2025

Change to Frontrow Energy Technology Group Limited as a person with significant control on 2025-04-14

10 months ago on 15 Apr 2025