TUBOSCOPE VETCO CAPITAL LIMITED Financials
- Company number
- SC147084CopyCopy
- Registered office
- C/O National Oilwell Varco, Badentoy Crescent, Badentoy Park, Portlethen, Aberdeen, Aberdeenshire AB12 4YD
- Incorporated
- 20/10/1993
Company snapshot
- Status
- Active
- Employees
- 19 (2024)
- Latest financial data
- 2024
- Accounts type
- Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2022–2024.
Net Assets
103.51%vs 20232023: £2.31M
Total Assets
19.43%vs 20232023: £21.77M
Cash in Bank
-16.15%vs 20232023: £4.01M
Total Liabilities
9.47%vs 20232023: £19.47M
Employees
-15vs 20232023: 34
In 2024, TUBOSCOPE VETCO CAPITAL LIMITED reported net assets of £4.69M. The same filing shows total assets of £26.00M, cash in bank of £3.36M and total liabilities of £21.31M. Reported headcount was 19 in 2024. Total Assets rose from £21.77M in 2023 to £26.00M in 2024 (19.43%). Okredo holds filed figures for 2022–2024; 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
103.51%from £2.31M in 2023Year-on-year change
Net Assets as filed for 2022–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures TUBOSCOPE VETCO CAPITAL LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+534%vs 2022+152% a year compound (CAGR)
Cash in Bank
+13.7%vs 2022+6.7% a year compound (CAGR)
Total Assets
+48.8%vs 2022+22% a year compound (CAGR)
Total Liabilities
+27.5%vs 2022+12.9% a year compound (CAGR)
Employees
-78.4%vs 2022-69Biggest increase
Net Assets+534%
£740.00K in 2022 to £4.69M in 2024
Biggest decrease
Employees-78.4%
88 in 2022 to 19 in 2024
TUBOSCOPE VETCO CAPITAL LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in employee numbers, pointing to a smaller workforce. See the full year-by-year figures.
Ratios from the filed figures
Calculated from TUBOSCOPE VETCO CAPITAL 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
- 18.04%2024
- 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
- 81.96%2024
- 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
- 15.76%2024
- 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
- 12.92%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
- Revenue per employee
- £847.89K2024
- 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 TUBOSCOPE VETCO CAPITAL LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2022 | 2023 | 2024 |
|---|---|---|---|
| Net Assets£ | 740.00K | 2.31M | 4.69M |
| Total Assets£ | 17.48M | 21.77M | 26.00M |
| Cash in Bank£ | 2.95M | 4.01M | 3.36M |
| Total Liabilities£ | 16.72M | 19.47M | 21.31M |
| Employees | 88 | 34 | 19 |
TUBOSCOPE VETCO CAPITAL LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for TUBOSCOPE VETCO CAPITAL LIMITED covering 2022–2024, across 5 reported indicators. The most recent reported year is 2024.
TUBOSCOPE VETCO CAPITAL LIMITED reported net assets of £4.69M for 2024. That compares with £2.31M in 2023, a change of 103.51%.
TUBOSCOPE VETCO CAPITAL LIMITED reported total assets of £26.00M for 2024. That compares with £21.77M in 2023, a change of 19.43%.
TUBOSCOPE VETCO CAPITAL LIMITED reported cash in bank of £3.36M for 2024. That compares with £4.01M in 2023, a change of -16.15%.
TUBOSCOPE VETCO CAPITAL LIMITED reported 19 employees in 2024, compared with 34 in 2023.
Between 2022 and 2024, TUBOSCOPE VETCO CAPITAL LIMITED's net assets rose by 534%, cash in bank rose by 13.7%, total assets rose by 48.8% and total liabilities rose by 27.5%. Net assets compounded at 152% a year across the two years to 2024, from £740.00K to £4.69M. Reported headcount went from 88 in 2022 to 19 in 2024 (-69).
Okredo holds reported figures for the years 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.