SILVERWELL TECHNOLOGY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-14 (in 6mo)
Last made up 2025-10-31
Watchouts
Cash
£304K
-58.8% vs 2023
Net assets
-£136M
-16.2% vs 2023
Employees
42
+16.7% vs 2023
Profit before tax
-£20M
+29.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
This indicates the existence of a material uncertainty which may cast significant doubt over the Company and Group's ability to continue as a going concern and, therefore, the Company and the Group may be unable to realise their assets and discharge their liabilities in the normal course of business.
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Name history
Renamed 2 times since incorporation
- SILVERWELL TECHNOLOGY LIMITED 2016-11-30 → present
- CAMCON OIL LIMITED 2010-06-01 → 2016-11-30
- CAMCON LIMITED 2000-11-13 → 2010-06-01
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £3,384,659 | £3,008,864 | |
| Operating profit | -£5,375,324 | -£14,388,601 | |
| Profit before tax | -£28,979,615 | -£20,467,635 | |
| Net profit | -£28,979,615 | -£20,467,635 | |
| Cash | £737,822 | £304,027 | |
| Total assets less current liabilities | -£116,755,942 | -£135,832,230 | |
| Net assets | -£117,027,254 | -£136,036,838 | |
| Equity | -£117,027,254 | -£136,036,838 | |
| Average employees | 36 | 42 | |
| Wages | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -158.8% | -478.2% | |
| Net margin | -856.2% | -680.2% | |
| Return on capital employed | 4.6% | 10.6% | |
| Gearing (liabilities / total assets) | 1069.5% | 1490.8% | |
| Current ratio | 0.09x | 0.06x | |
| Interest cover | -0.23x | -2.37x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Consolidated group
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- BDO LLP
- Audit opinion
- Qualified
- Going concern
- Material uncertainty disclosed
“This indicates the existence of a material uncertainty which may cast significant doubt over the Company and Group's ability to continue as a going concern and, therefore, the Company and the Group may be unable to realise their assets and discharge their liabilities in the normal course of business.”
Group structure
- SILVERWELL TECHNOLOGY LIMITED · parent
- Silverwell Energy Limited 100%
- Silverwell Technology Inc 100%
- Silverwell Holdings Limited 100%
- Silverwell Energy DMCC 100%
Significant events
- “Subsequent to 31 December 2024, the Company has received the amount of $11 million under the invoice financing facility.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| IRWIN, Jake William Hogarth | Director | 2021-03-26 | Feb 1975 | British |
| JOHNSON, Darrell Paul | Director | 2015-10-01 | May 1964 | British |
| SUTHERLAND, James Munro Murray | Director | 2018-03-26 | Sep 1954 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLY, Bibi Rahima | Secretary | 2000-11-13 | 2000-11-27 |
| ANDERSON, Ian | Secretary | 2008-07-31 | 2015-03-02 |
| MCDOUALL, David Christopher | Secretary | 2000-11-27 | 2008-07-31 |
| ALALAWI, Nabil | Director | 2012-07-01 | 2014-03-12 |
| ANDERSON, Ian | Director | 2003-07-01 | 2015-03-02 |
| ANDREW, Christopher John Aitken | Director | 2006-02-28 | 2009-12-03 |
| CHAPCHAL, Daniel Robert | Director | 2004-02-25 | 2021-06-14 |
| DAVID, William Guy | Director | 2000-11-13 | 2000-11-27 |
| DORFMAN, Lloyd, Sir | Director | 2018-02-21 | 2022-10-25 |
| MCDOUALL, David Christopher | Director | 2000-11-27 | 2008-07-31 |
| PENNEY, Nigel Francis | Director | 2018-03-26 | 2021-02-28 |
| PILKINGTON, Nigel Douglas | Director | 2000-11-29 | 2008-05-19 |
| ROEDIGER, Gregory John | Director | 2020-09-09 | 2021-03-26 |
| STIEFEL, Barry | Director | 2018-02-21 | 2020-09-01 |
| TILTON, Frederick Thomas | Director | 2018-11-01 | 2022-10-30 |
| WATSON, Peter | Director | 2014-06-01 | 2018-03-23 |
| WYGNANSKI, Wladyslaw | Director | 2000-11-27 | 2018-03-23 |
| YOUNG OF GRAFFHAM, David Ivor, Lord | Director | 2008-03-20 | 2022-12-08 |
| TURNMELL LIMITED | Corporate Director | 2001-03-21 | 2004-02-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sir Lloyd Dorfman | Individual | ownership-of-shares-25-to-50-percent-as-trust, voting-rights-25-to-50-percent-as-trust, right-to-appoint-and-remove-directors-as-trust | 2021-03-26 | Active |
| Lord David Ivor Young Of Graffham | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-03-26 |
| Mr Nathan Kirsch | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-12-09 |
Filing timeline
Last 20 of 187 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-04-20 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-10 | AA | accounts | Accounts with accounts type group | |
| 2024-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-13 | CH01 | officers | Change person director company with change date | |
| 2024-08-20 | AA | accounts | Accounts with accounts type group | |
| 2024-07-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-11 | AA | accounts | Accounts with accounts type group | |
| 2023-11-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-19 | AA | accounts | Accounts with accounts type group | |
| 2022-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-28 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-18 | AA | accounts | Accounts with accounts type group | |
| 2022-02-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-11-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-11-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2021-05-25 | AA | accounts | Accounts with accounts type group | |
| 2021-04-20 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-11.1%
£3,384,659 £3,008,864
-
Cash
-58.8%
£737,822 £304,027
-
Net assets
-16.2%
-£117,027,254 -£136,036,838
-
Employees
+16.7%
36 42
-
Operating profit
-167.7%
-£5,375,324 -£14,388,601
-
Profit before tax
+29.4%
-£28,979,615 -£20,467,635
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers