SWAGELINING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-13 (in 10mo)
Last made up 2026-02-27
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
-£2M
-733.3% vs 2023
Employees
0
Average over period
Profit before tax
-£3M
-527.3% vs 2023
Name history
Renamed 2 times since incorporation
- SWAGELINING LIMITED 2009-10-05 → present
- PIONEER LINING LIMITED 2009-03-26 → 2009-10-05
- TM 1295 LIMITED 2009-02-27 → 2009-03-26
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £0 | £0 | |
| Operating profit | -£150,000 | -£2,701,000 | |
| Profit before tax | -£491,000 | -£3,080,000 | |
| Net profit | -£375,000 | -£2,310,000 | |
| Cash | — | — | |
| Total assets less current liabilities | — | — | |
| Net assets | £315,000 | -£1,995,000 | |
| Equity | £315,000 | -£1,995,000 | |
| Average employees | 0 | 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 93.6% | 178.9% | |
| Current ratio | 0.03x | 0.10x | |
| Interest cover | -0.44x | -7.13x |
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
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Inclusive of the potential outcome of the proposed combination with Saipem S.p.A., the Directors consider that the going concern assumption remains appropriate for the Company. The Directors consider that there are no significant doubts over the application of the going concern assumption and no disclosable material uncertainties which cast doubt upon the Company's ability to continue as a going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GORDON, John Alexander | Director | 2016-07-27 | Sep 1967 | British |
| MACINTYRE, Liam Thomas Bradwell | Director | 2018-07-09 | Sep 1983 | British |
| PEARCE, Matthew Adam | Director | 2023-10-01 | Dec 1979 | British |
| RASSOULI, Kaveh | Director | 2018-07-09 | Dec 1979 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DICKSON, Michael Desmond | Secretary | 2010-02-26 | 2016-07-27 |
| TM COMPANY SERVICES LIMITED | Corporate Secretary | 2009-02-27 | 2010-03-03 |
| BARNES, Stephen | Director | 2009-07-01 | 2016-07-27 |
| BELLINGHAM, James | Director | 2010-07-01 | 2013-06-14 |
| DICKSON, Michael Desmond | Director | 2010-03-01 | 2016-07-27 |
| ELLIS, Simon David | Director | 2016-07-27 | 2018-07-09 |
| HOLMES, Malcolm Brian | Director | 2009-02-27 | 2009-07-01 |
| MANN, Christopher James | Director | 2012-02-13 | 2012-09-10 |
| MILLAR, Lesley Mari | Director | 2014-10-30 | 2016-07-27 |
| MOFFAT, Benjamin James | Director | 2020-05-18 | 2023-10-01 |
| PUGH, David Edward | Director | 2016-07-27 | 2020-05-18 |
| WHITTLE, David Geoge | Director | 2010-03-01 | 2016-07-27 |
| WRIGHT, Donald James | Director | 2010-06-18 | 2016-07-27 |
| REYNARD NOMINEES LIMITED | Corporate Director | 2009-02-27 | 2009-07-01 |
| TM COMPANY SERVICES LIMITED | Corporate Director | 2009-02-27 | 2009-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Subsea 7 Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-07-27 | Active |
Filing timeline
Last 20 of 96 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-09 | CH01 | officers | Change person director company with change date | |
| 2025-08-01 | AA | accounts | Accounts with accounts type full | |
| 2025-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-04 | AA | accounts | Accounts with accounts type full | |
| 2024-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-25 | AA | accounts | Accounts with accounts type full | |
| 2023-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-14 | AA | accounts | Accounts with accounts type full | |
| 2022-03-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-02 | AA | accounts | Accounts with accounts type full | |
| 2021-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-10 | AA | accounts | Accounts with accounts type full | |
| 2020-05-28 | AP01 | officers | Appoint person director company with name date | |
| 2020-05-28 | TM01 | officers | Termination director company with name termination date | |
| 2020-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-03-11 | AD02 | address | Change sail address company with old address new address | |
| 2019-09-17 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
—
Not reported
-
Cash
—
Not reported
-
Net assets
-733.3%
£315,000 -£1,995,000
-
Employees
—
Not reported
-
Operating profit
-1,700.7%
-£150,000 -£2,701,000
-
Profit before tax
-527.3%
-£491,000 -£3,080,000
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