Swagelining Limited
Support activities for petroleum and natural gas extraction · Glasgow
ActiveUnited KingdomIncorporated 2009Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
—
Cash
—
Turnover
—
Profit / loss
−£802,000
Current assets
£170,000
Creditors < 1 year
£3,893,000
Equity
−£2,797,000
Average employees
Not available
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Equity | −£2,797,000 | −£1,995,000 |
| Share capital | £10,000 | £10,000 |
| Retained earnings | −£2,836,000 | −£2,034,000 |
| Assets | ||
| Fixed assets | £1,421,000 | £2,132,000 |
| Intangible assets | £1,421,000 | £2,132,000 |
| Current assets | £170,000 | £398,000 |
| Liabilities | ||
| Creditors | £4,388,000 | £4,525,000 |
| Creditors within one year | £3,893,000 | £3,932,000 |
| Creditors after one year | £495,000 | £593,000 |
| Profit & loss | ||
| Operating profit | −£711,000 | −£2,701,000 |
| Interest payable | £359,000 | £379,000 |
| Profit before tax | −£1,070,000 | −£3,080,000 |
| Tax | −£268,000 | −£770,000 |
| Profit / loss | −£802,000 | −£2,310,000 |
| Operating costs | ||
| Amortisation | £149,000 | £149,000 |
| Audit fees | £16,000 | £16,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Auditor
- Ernst & Young LLP
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Subsea 7 Limited
- Ultimate parent
- Subsea 7 S.A.
- Ultimate controlling party
- Subsea 7 S.A.
- Accounts
- FRS 101
- Approved
- 2026-09-08, signed by John Gordon
Related parties (3)
- group undertakings · subsidiaries and other companies forming part of the Subsea 7 S.A. Group · Amounts due to group undertakings; balances party to the centralised Working Capital Agreement · 3,893 (000s)
- group undertakings · subsidiaries and other companies forming part of the Subsea 7 S.A. Group · Amounts due to group undertakings; balances not party to the Working Capital Agreement · 3,893 (000s)
- group undertakings · group undertakings · Other non-current liabilities · 299 (000s)
Borrowings (3)
- Amounts due to group undertakings party to the centralised Working Capital Agreement · 3,893 (000s) · SOFR plus 3.45% per annum · have no fixed date of repayment and are repayable on demand · secured on unsecured
- Amounts due to group undertakings whose balances are not party to the Working Capital Agreement · 3,893 (000s) · interest free · have no fixed date of repayment and are repayable on demand · secured on unsecured
- Amounts due to group undertakings (other non-current liabilities) · 299 (000s)
Share classes (1)
- 10,150 Ordinary shares of £1 each of £1
Contingent liabilities (1)
- The Company has an outstanding floating charge with Clydesdale Bank PLC covering all property, assets and rights.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesAll Assets · created 2014-10-09
—
OutstandingShow 1 satisfied / released
Fixed · created 2013-09-23 · satisfied 2016-08-05
—
Satisfied