UK Companies House feature
SWANGATE ENERGY STORAGE LIMITED
Cash
£153K
Latest balance sheet
Net assets
-£24K
-3.2% vs 2021
Employees
0
Average over period
Profit before tax
—
Period ending 2022-12-31
Profile
- Company number
- 12644984
- Status
- Active
- Incorporation
- 2020-06-04
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 35110
- Hubs
- UK Energy & Climate
Net assets
3-year trend · vs UK Energy & Climate median
Accounts
3-year trend · latest 2022-12-31
| Metric | Trend | 2021-06-30 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | — | — | |
| Profit before tax | — | — | — | |
| Net profit | — | — | — | |
| Cash | — | — | £152,627 | |
| Total assets less current liabilities | -£1,860 | -£22,892 | £6,370,641 | |
| Net assets | -£1,860 | -£22,892 | -£23,631 | |
| Equity | -£1,860 | -£22,892 | -£23,631 | |
| Average employees | 0 | 0 | 0 | |
| Wages | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Price Bailey LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making appropriate enquiries and considering the current economic climate, the directors have formed the conclusion that there is a reasonable expectation that the Company will continue in operational existence and have adequate resources in the foreseeable future.”
Significant events
- “On March 21, 2025, the Company entered into a settlement agreement with the EPC contractor for the project. Under the agreement, the Company has agreed the compensation for lost revenue due to delays in the delivery of the project for a total amount of approximately £3.8m, of which £3.6m have been recognised during the year.”
- “Following this agreement, final works completion certificate was signed on April 8 2025, meaning the project was operational from this date and started actively trading in the electricity market from April 26 2025.”
- “Further, the intercompany loan agreement in place between the company and its parent, Econergy International, for a total of approximately £14.1 million at year end (including interest), became payable upon demand, provided such demand is made in accordance with the facilities agreement in place between Goldman Sachs and the Company, which stipulates required conditions before any distribution / payment is made.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
1 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SHAPIRA, Yoav | Director | 2021-12-21 | Sep 1969 | Israeli |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SHAH, Sheetal | Secretary | 2020-06-04 | 2021-12-21 |
| HALL, Jonathan Mark | Director | 2021-01-27 | 2021-12-21 |
| HITCHCOX, John | Director | 2020-06-04 | 2021-12-21 |
| JOHAL, Jagdish Singh | Director | 2020-06-04 | 2021-12-21 |
| KELLY, David James | Director | 2020-06-04 | 2021-12-21 |
| MAYOR, Yurdagul | Director | 2021-12-21 | 2022-09-09 |
| WELLS, Mark Edward | Director | 2020-06-04 | 2021-12-21 |
| WOOLFSON, Leslie Ian | Director | 2022-03-04 | 2022-05-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Econergy International Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-21 | Active |
| Rockhaus Ltd | Corporate entity | Shares 25–50%, Voting 25–50% | 2020-06-04 | Ceased 2021-12-21 |
| Yoogen 1 Llp | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2020-06-04 | Ceased 2021-12-21 |
Filing timeline
Last 20 of 39 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-05-03 | AD01 | address | change registered office address company with date old address new address |
| 2025-09-09 | AA | accounts | accounts with accounts type full |
| 2025-06-03 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-10-11 | AA | accounts | accounts with accounts type full |
| 2024-09-02 | MA | incorporation | memorandum articles |
| 2024-09-02 | RESOLUTIONS | resolution | resolution |
| 2024-08-27 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-06-13 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-06-10 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2024-05-01 | MA | incorporation | memorandum articles |
| 2024-04-15 | RESOLUTIONS | resolution | resolution |
| 2024-04-15 | RESOLUTIONS | resolution | resolution |
| 2023-09-28 | AA | accounts | accounts with accounts type unaudited abridged |
| 2023-09-09 | RP04CS01 | confirmation-statement | second filing of confirmation statement with made up date |
| 2023-06-16 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-04-14 | AD01 | address | change registered office address company with date old address new address |
| 2022-09-09 | TM01 | officers | termination director company with name termination date |
| 2022-07-13 | AA | accounts | accounts with accounts type micro entity |
| 2022-06-14 | CS01 | confirmation-statement | confirmation statement with updates |
| 2022-05-25 | TM01 | officers | termination director company with name termination date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory