NOV ELMAR (MIDDLE EAST) LIMITED Financials
- Company number
- SC151883CopyCopy
- Registered office
- C/O National Oilwell Varco, Badentoy Crescent, Badentoy Park, Portlethen, Aberdeen, Aberdeenshire AB12 4YD
- Incorporated
- 08/07/1994
Company snapshot
- Status
- Active
- Employees
- 7 (2025)
- Latest financial data
- 2025
- Accounts type
- Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2022–2025.
Net Assets
3.58%vs 20242024: £20.49M
Total Assets
2.69%vs 20242024: £22.11M
Cash in Bank
-32.53%vs 20242024: £1.13M
Total Liabilities
-8.68%vs 20242024: £1.61M
Employees
-4vs 20242024: 11
In 2025, NOV ELMAR (MIDDLE EAST) LIMITED reported net assets of £21.23M. The same filing shows total assets of £22.70M, cash in bank of £759.00K and total liabilities of £1.47M. Reported headcount was 7 in 2025. Net Assets rose from £20.49M in 2024 to £21.23M in 2025 (3.58%). Okredo holds filed figures for 2022–2025; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
3.58%from £20.49M in 2024Year-on-year change
Net Assets as filed for 2022–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures NOV ELMAR (MIDDLE EAST) LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-4.7%vs 2023-2.4% a year compound (CAGR)
Cash in Bank
-53.2%vs 2023-31.6% a year compound (CAGR)
Total Assets
-3.2%vs 2023-1.6% a year compound (CAGR)
Total Liabilities
+24.9%vs 2023+11.7% a year compound (CAGR)
Employees
-41.7%vs 2023-5Biggest increase
Total Liabilities+24.9%
£1.18M in 2023 to £1.47M in 2025
Biggest decrease
Cash in Bank-53.2%
£1.62M in 2023 to £759.00K in 2025
NOV ELMAR (MIDDLE EAST) LIMITED's filings pull in both directions between 2023 and 2025. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from NOV ELMAR (MIDDLE EAST) LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 93.52%2025
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 6.48%2025
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 51.56%2025
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 3.34%2025
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
- Revenue per employee
- £248.57K2025
- Reported turnover divided by the reported average number of employees, for the latest year both were filed. Shows how much revenue the business generates per employee.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for NOV ELMAR (MIDDLE EAST) LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Net Assets£ | 19.48M | 22.27M | 20.49M | 21.23M |
| Total Assets£ | 21.46M | 23.45M | 22.11M | 22.70M |
| Cash in Bank£ | 1.80M | 1.62M | 1.13M | 759.00K |
| Total Liabilities£ | 1.98M | 1.18M | 1.61M | 1.47M |
| Employees | 15 | 12 | 11 | 7 |
NOV ELMAR (MIDDLE EAST) LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for NOV ELMAR (MIDDLE EAST) LIMITED covering 2022–2025, across 5 reported indicators. The most recent reported year is 2025.
NOV ELMAR (MIDDLE EAST) LIMITED reported net assets of £21.23M for 2025. That compares with £20.49M in 2024, a change of 3.58%.
NOV ELMAR (MIDDLE EAST) LIMITED reported total assets of £22.70M for 2025. That compares with £22.11M in 2024, a change of 2.69%.
NOV ELMAR (MIDDLE EAST) LIMITED reported cash in bank of £759.00K for 2025. That compares with £1.13M in 2024, a change of -32.53%.
NOV ELMAR (MIDDLE EAST) LIMITED reported 7 employees in 2025, compared with 11 in 2024.
Between 2023 and 2025, NOV ELMAR (MIDDLE EAST) LIMITED's net assets fell by 4.7%, cash in bank fell by 53.2%, total assets fell by 3.2% and total liabilities rose by 24.9%. Net assets contracted at 2.4% a year across the two years to 2025, from £22.27M to £21.23M. Reported headcount went from 12 in 2023 to 7 in 2025 (-5).
Okredo holds reported figures for the years 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.