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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-09-02 (in 4mo)

Last made up 2025-08-19

Watchouts

None on the register

Cash

£13K

-5.6% vs 2023

Net assets

£251M

-4.5% vs 2023

Employees

0

Average over period

Profit before tax

-£12M

-113.2% vs 2023

Name history

Renamed 1 time since incorporation

  1. AIRSWIFT HOLDINGS LIMITED 2016-01-19 → present
  2. AIR ENERGI NEWCO II LIMITED 2015-12-11 → 2016-01-19

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover
Operating profit -£30,159,377-£2,788,732
Profit before tax £88,965,159-£11,703,484
Net profit £88,965,159-£11,703,484
Cash £13,343£12,602
Total assets less current liabilities
Net assets £262,502,595£250,799,110
Equity £262,502,595£250,799,110
Average employees 0
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 2023-12-312024-12-31
Gearing (liabilities / total assets) 29.0%32.1%
Current ratio 0.00x0.00x
Interest cover -1.86x-0.17x

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 101 Generally Accepted Accounting Practices (UK GAAP)
Reporting scope
Consolidated group
Auditor
BDO LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The Directors are required to prepare these financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. As at 31 December 2024 the company had net assets of $338m (2023: $354m) and net current liabilities of $159.9m (2023: $144.2m). The Group has issued a letter of support for a period of twelve months from the date of approval of these financial statements to the company. The letter of supports states that the Group will not demand the repayments of amounts extended to the Companies by the Parent and/or other members of the group of companies headed by the Parent unless sufficient alternative funding has been secured by the Companies, and will advance further funds to the Companies as needed to fulfil its obligations. As a result of the review the Directors have a reasonable expectation that the business has sufficient resources to operate for a period of at least 12 months from the date of approval of these financial statements and that it is appropriate for the financial statements to be prepared on a going concern basis.”

Group structure

  1. AIRSWIFT HOLDINGS LIMITED · parent
    1. Air Energi Group Limited 100% · England · Holding company
    2. Air Resources Limited 100% · England · Provision of global manpower solutions to the Oil & Gas Industry ("PGMS")
    3. Air Resources Americas LLC 100% · USA · PGMS
    4. Airswift Canada Limited 100% · Canada · PGMS
    5. Air Energi Group Singapore Pte Limited 100% · Singapore · PGMS
    6. Air Energy Consulting (Malaysia) Sdn Bhd 100% · Malaysia · PGMS
    7. Agensi Pekerjaan Airswift Consulting Malaysia Sdn. Bhd 100% · Malaysia · PGMS
    8. Pt Air Energy Indonesia Limited 51% · Indonesia · PGMS
    9. Air Consulting Company Limited 49% · Thailand · PGMS
    10. Air Consulting Australia Pty Limited 100% · Australia · PGMS
    11. Air Energi Pacifica Limited 100% · Papua New Guinea · PGMS
    12. Air Energi Norway AS 100% · Norway · PGMS
    13. Air Resources Qatar WLL 49% · Qatar · PGMS
    14. Air Energi Caspian LLP 100% · Kazakhstan · PGMS
    15. Air Energi UAE LLC 49% · United Arab Emirates · PGMS
    16. Air Energi France SAS 100% · France · PGMS
    17. Air Energi Executive SAS 100% · France · PGMS
    18. Hawa'a Al-Iraq for Management Services Limited 100% · Iraq · PGMS
    19. Air Energi Kitco Limited 100% · South Korea · PGMS
    20. Inspirec Limited 100% · New Zealand · PGMS
    21. Airswift Trustees Limited 100% · England · Trustee company for ESOP
    22. Swift Worldwide Resources Australia Holdings Corp. PTY Limited 100% · Australia · Holding company
    23. Swift Worldwide Resources Bidco Limited 100% · England · Holding company
    24. Swift Worldwide Resources US Holdings Corp 100% · USA · Holding company
    25. Swift Technical Group Limited 100% · England · Holding company
    26. Swift Technical (Azerbaijan) Limited 100% · England · PGMS
    27. Swift Technical (Europe) Limited 100% · England · PGMS
    28. Swift (Nigeria) Limited 100% · England · PGMS
    29. Swift Engineering (Azerbaijan) Limited 100% · England · PGMS
    30. Swift Technical Services LLC 100% · USA · PGMS
    31. Singular Energy Resource Solutions LLC 100% · USA · PGMS
    32. Swift Technical (Australia) PTY Ltd 100% · Australia · PGMS
    33. Swift Technical Servicios Tecnicos Especializados Ltda 100% · Brazil · PGMS
    34. Swift Technical SA 100% · Argentina · PGMS
    35. Swift Technical Colombia SAS 100% · Columbia · PGMS
    36. Swift Technical Colombia Servicos Temporalles SAS 100% · Columbia · PGMS
    37. Swift Technical Trinidad Limited 100% · Trinidad · PGMS
    38. Swift Oil and Gas Technical Service (Chengdu) Co. Limited 100% · China · PGMS
    39. Swift Technical (Singapore) PTE Limited 100% · Singapore · PGMS
    40. Swift Oil and Gas (Ghana) Limited 100% · Ghana · PGMS
    41. Swift Technical Kuwait - LLC 100% · Kuwait · PGMS
    42. Swift Technical Engineering Consultancy (Shanghai) Co. Limited 100% · China · PGMS
    43. Airswift on Demand Labors Supply 100% · United Arab Emirates · PGMS
    44. Air Employment Services Sweden Filial 100% · Sweden · PGMS
    45. Swift Technical Energy Solutions Ltd. (Nigerian Co.) 100% · Nigeria · PGMS
    46. Air Consulting Senegal 100% · Senegal · PGMS
    47. Airswift Consulting Tanzania Limited 85% · Tanzania · PGMS
    48. Airswift Mexico S.deR.L.deC.V 95% · Mexico · PGMS
    49. Air Resources LLC (Oman) 70% · Oman · PGMS
    50. Air Energi Netherlands 100% · Netherlands · PGMS
    51. Airswift Mauritania SARL 100% · Mauritania · PGMS
    52. Airswift Consulting Uganda - SMC LTD 100% · Uganda · PGMS
    53. Airswift Denmark ApS 100% · Denmark · PGMS
    54. Airswift Establishment (Saudi Arabia) 100% · Saudi Arabia · PGMS
    55. Airswift Guyana Inc 100% · Guyana · PGMS
    56. Airswift-AzTechno Azerbaijan LLC 49% · Azerbaijan · PGMS
    57. Airswift-Embrace, Agencia Privada de Emprego, Limitada 50% · Mozambique · PGMS
    58. ASEM Mozambique LDA 50% · Mozambique · PGMS
    59. Ducatus Partners Limited 100% · United Kingdom · PGMS
    60. Ducatus Partners LLC 100% · USA · PGMS
    61. Swift Angola. LDA 49% · Angola · PGMS
    62. Competentia CA Ltd 100% · Canada · PGMS
    63. Airswift Norge AS 100% · Norway · PGMS
    64. Competentia Pty Ltd 100% · Australia · PGMS
    65. Competentia UK Ltd 100% · United Kingdom · PGMS
    66. Competentia Middle East DMCC 100% · United Arab Emirates · PGMS
    67. Competentia Doha Projects and Services WLL 100% · Qatar · PGMS
    68. Dare Holdings Pty Ltd 100% · Australia · PGMS
    69. Dare Energy Pte Ltd 100% · Singapore · PGMS
    70. Adcorp Holdings Singapore Pty Ltd 100% · Singapore · Holding company
    71. Airswift France SARL 100% · France · PGMS
    72. Competentia Mozambique Agencia Privada de Emprego Ltd 100% · Mozambique · Dormant
    73. Competentia Uganda – SMC 100% · Uganda · Dormant
    74. Energy Resourcing Sweden AB 100% · Sweden · PGMS
    75. Energy Resourcing Netherlands B.V. 100% · Netherlands · PGMS
    76. Energy Resourcing Germany GmbH 100% · Germany · PGMS
    77. Energy Resourcing Europe Ltd 100% · United Kingdom · PGMS
    78. Energy Resources Canada Inc. 100% · Canada · PGMS
    79. Energy Resourcing Australia Pty Limited 100% · Australia · PGMS
    80. Energy Resourcing New Zealand Limited 100% · New Zealand · Dormant
    81. Energy Resourcing Global Pte Ltd 100% · Singapore · PGMS
    82. Energy Resourcing Americas Inc 100% · United States of America · PGMS

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

2 active · 16 resigned

Name Role Appointed Born Nationality
ALLEN, James Roland Thomas Director 2024-08-01 Sep 1976 British
BARAKE, Imad Director 2022-10-17 Jan 1972 American
Show 16 resigned officers
Name Role Appointed Resigned
BARTOUL, Millet Director 2018-01-11 2018-03-30
BRUCE, Neil Alexander Director 2016-01-19 2018-07-28
CARLES, Alexander Director 2018-01-11 2024-07-01
CASCADE, Joshua Charles Director 2016-01-19 2020-04-28
DAWSON JR., William Francis Director 2017-02-03 2018-09-20
DOWD, Ryan Director 2018-09-20 2024-07-01
GREGSON, Duncan Alasdair Director 2015-12-11 2016-01-19
HARRISON, Matthew Director 2018-01-11 2024-07-01
LANGLEY, Ian Michael Director 2016-01-19 2024-07-01
LØNNING, Asbjørn Director 2022-02-24 2022-10-17
MARX, Janette Bates Director 2018-09-20 2026-01-23
MCCLURE, Kyle Francis Director 2020-05-04 2021-12-31
MOWLEM, Michael Director 2016-01-19 2018-01-11
NELSON, Rodney Director 2016-01-19 2018-08-16
READ, Jonathan Hugh Tobias Director 2016-01-19 2017-02-03
SEARLE, Peter William Courtis Director 2016-01-19 2020-05-04

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Airswift Global Limited Corporate entity Significant influence 2021-06-17 Ceased 2021-06-17
Airswift Global Limited Corporate entity Significant influence 2021-06-17 Active
Air Energi Newco Limited Corporate entity Shares 50–75%, Voting 50–75%, Appoints directors 2016-04-06 Ceased 2021-06-17
Swift Worldwide Resources Holdco Limited Corporate entity Shares 25–50% 2016-04-06 Ceased 2021-06-17

Filing timeline

Last 20 of 97 total filings

Date Type Category Description
2026-01-26 TM01 officers Termination director company with name termination date PDF
2025-11-14 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-10-02 AA accounts Accounts with accounts type full
2025-06-11 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2025-06-11 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2024-10-13 AA accounts Accounts with accounts type full
2024-09-26 CS01 confirmation-statement Confirmation statement with updates PDF
2024-08-02 AP01 officers Appoint person director company with name date PDF
2024-08-02 TM01 officers Termination director company with name termination date PDF
2024-08-02 TM01 officers Termination director company with name termination date PDF
2024-08-02 TM01 officers Termination director company with name termination date PDF
2024-08-02 TM01 officers Termination director company with name termination date PDF
2024-01-08 AA accounts Accounts with accounts type full
2023-09-21 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-09-08 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2022-10-18 AP01 officers Appoint person director company with name date PDF
2022-10-18 TM01 officers Termination director company with name termination date PDF
2022-10-05 AA accounts Accounts with accounts type full
2022-08-23 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2022-08-19 PSC07 persons-with-significant-control Cessation of a person with significant control PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
5

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
1

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

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

Official Companies House page