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SWAGELINING LIMITED

#SC355758 · Active · Incorporated 2009-02-27 (17y 5m) · Last filing 2026-03-16 (4mo ago)
Energy · SIC 09100 · B Mining & Quarrying · Full accounts
Accounts due 2026-09-30 (in 3 months) · Confirmation due 2027-03-13 (in 8 months) · 1 watchout

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Cash

—

Latest balance sheet

Net assets

-£2M

-733.3% vs 2023

Employees

0

Average over period

Profit before tax

-£3.1M

-527.3% vs 2023

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31 Δ vs prior
Turnover £0£0 —
Operating profit -£150,000-£2,701,000 -1,700.7%
Profit before tax -£491,000-£3,080,000 -527.3%
Net profit -£375,000-£2,310,000 -516%
Cash —— —
Total assets less current liabilities —— —
Net assets £315,000-£1,995,000 -733.3%
Equity £315,000-£1,995,000 -733.3%
Average employees 00 —
Wages —— —
Directors' remuneration —— —

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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) 93.6%178.9%
Current ratio 0.03x0.10x
Interest cover -0.44x-7.13x

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.

Name history

Renamed 2 times since incorporation

  1. SWAGELINING LIMITED 2009-10-05 → present
  2. PIONEER LINING LIMITED 2009-03-26 → 2009-10-05
  3. TM 1295 LIMITED 2009-02-27 → 2009-03-26

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 PDF
2026-03-09 CH01 officers Change person director company with change date PDF
2025-08-01 AA accounts Accounts with accounts type full
2025-03-06 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-09-04 AA accounts Accounts with accounts type full
2024-03-05 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-10-12 AP01 officers Appoint person director company with name date PDF
2023-10-12 TM01 officers Termination director company with name termination date PDF
2023-09-25 AA accounts Accounts with accounts type full
2023-03-13 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-09-14 AA accounts Accounts with accounts type full
2022-03-07 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-09-02 AA accounts Accounts with accounts type full
2021-03-12 CS01 confirmation-statement Confirmation statement with no updates PDF
2020-09-10 AA accounts Accounts with accounts type full
2020-05-28 AP01 officers Appoint person director company with name date PDF
2020-05-28 TM01 officers Termination director company with name termination date PDF
2020-03-11 CS01 confirmation-statement Confirmation statement with no updates PDF
2020-03-11 AD02 address Change sail address company with old address new address PDF
2019-09-17 AA accounts Accounts with accounts type full

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
3

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page