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Next accounts due

2026-12-31 (in 7mo)

Last filed for 2025-03-31

Confirmation statement due

2027-03-11 (in 10mo)

Last made up 2026-02-25

Watchouts

None on the register

Cash

£12K

Latest balance sheet

Net assets

-£15M

lowest in 4 filed years

Employees

4

lowest in 4 filed years

Profit before tax

-£2M

Period ending 2025-03-31

Accounts

5-year trend · latest reflected 2025-03-31

Metric Trend 2021-02-012022-01-312023-01-312024-03-312025-03-31
Turnover £882,768£1,185,978£1,526,464£1,200,463
Operating profit £9,767-£10,566,200£98,820£21,047
Profit before tax -£3,594,178-£14,188,964-£198,586-£2,027,351
Net profit -£3,752,479-£14,188,314-£278,354-£2,348,586
Cash £8,518£21,483£3,315£11,716
Total assets less current liabilities
Net assets £25,967,212£15,401,663-£12,747,109-£15,095,695
Equity -£21,571,345-£25,323,824-£39,512,138-£12,747,109-£15,095,695
Average employees 7754
Wages £728,932£981,761£1,256,431£1,044,279
Directors' remuneration £182,667£254,957£265,565£214,393

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

Year-on-year

FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31

Year-on-year comparison hidden: this filing covers about 12 months versus 14 months prior.

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2021-02-012022-01-312023-01-312024-03-312025-03-31
Operating margin 1.1%6.5%1.8%
Net margin -18.2%-195.6%
Current ratio 0.01x0.00x
Interest cover 0.00x-2.92x0.06x0.01x

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Name history

Renamed 1 time since incorporation

  1. AXIS WELL TECHNOLOGY MANAGEMENT LIMITED 2013-06-27 → present
  2. ALICANTE BIDCO LIMITED 2013-01-10 → 2013-06-27

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
BDO LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“After making enquiries, the Directors have a reasonable expectation that the Company and the Group have adequate resources to continue to operate for the foreseeable future, being a period of at least twelve months after the date on which the report and financial statements are signed. Accordingly, they have continued to adopt a going concern basis in the preparation of the annual report and financial statements.”

Group structure

  1. AXIS WELL TECHNOLOGY MANAGEMENT LIMITED · parent
    1. Axis Well Technology Limited 100% · Glasgow, Scotland · provision of fully-integrated well operations, well and reservoir studies and low-carbon expertise across the global energy industry.

Significant events

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

People

3 active · 5 resigned

Name Role Appointed Born Nationality
EVANS, Sally Secretary 2023-06-02
HERLIHY, Francis Director 2025-04-01 Jan 1966 British
RYDER, Alasdair Alan Director 2023-06-02 Sep 1961 British
Show 5 resigned officers
Name Role Appointed Resigned
ANDERSON, James Director 2013-05-01 2026-03-27
DRAPER, Abigail Sarah Director 2023-06-02 2025-03-31
RAMSEY, Richard Alexander Director 2013-01-10 2023-06-02
TAYLOR, David Iain Director 2023-06-02 2026-03-31
TERRY, Kenneth John Director 2013-01-10 2023-06-02

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Axis Well Technology Group Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2016-04-06 Active

Filing timeline

Last 20 of 75 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2023-08-17 RESOLUTIONS Resolution
Date Type Category Description
2026-04-09 TM01 officers Termination director company with name termination date PDF
2026-04-07 TM01 officers Termination director company with name termination date PDF
2026-02-25 CS01 confirmation-statement Confirmation statement with no updates PDF
2026-02-25 PSC05 persons-with-significant-control Change to a person with significant control PDF
2025-10-24 AA accounts Accounts with accounts type full
2025-04-07 AA accounts Accounts with accounts type full
2025-04-03 AP01 officers Appoint person director company with name date PDF
2025-04-02 TM01 officers Termination director company with name termination date PDF
2025-02-18 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-02-18 PSC05 persons-with-significant-control Change to a person with significant control without name date PDF
2024-11-05 CH01 officers Change person director company with change date PDF
2024-09-16 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2024-05-09 AA01 accounts Change account reference date company previous extended PDF
2024-01-10 CS01 confirmation-statement Confirmation statement with updates PDF
2023-12-06 SH10 capital Capital variation of rights attached to shares
2023-10-19 AA accounts Accounts with accounts type full PDF
2023-09-20 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2023-09-19 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2023-09-01 MR04 mortgage Mortgage satisfy charge full PDF
2023-08-17 RESOLUTIONS resolution Resolution

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
2

last 12 months

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

Official Companies House page