SDX ENERGY LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-09-30.

• ⚠

  Confirmation statement overdue

  Due 2026-04-02.

• ◆

  Material uncertainty over going concern

  We draw attention to note 2(e) in the financial statements, which indicates that the Group will need to conclude a number of actions assumed in its cash flow forecasts, or it will require further funding to continue its operations and meet its obligations. As stated in note 2(e), these events or conditions, along with the other matters as set out in note 2(e), indicate that a material uncertainty that may cast significant doubt on the Group's and Parent Company's ability to continue as a going concern.

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — 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

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.

1. SDX ENERGY LIMITED 2025-02-04 → present
2. SDX ENERGY PLC 2019-03-20 → 2025-02-04

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2(e) in the financial statements, which indicates that the Group will need to conclude a number of actions assumed in its cash flow forecasts, or it will require further funding to continue its operations and meet its obligations. As stated in note 2(e), these events or conditions, along with the other matters as set out in note 2(e), indicate that a material uncertainty that may cast significant doubt on the Group's and Parent Company's ability to continue as a going concern.”

Group structure

1. SDX ENERGY LIMITED · parent
   1. SDX Energy Holdings (UK) Limited 1% · U.K.
   2. SDX Energy Inc 1% · Canada
   3. Sea Dragon Energy (UK) Limited 1% · U.K.
   4. SDX Energy Investments (UK) Ltd 1% · U.K.
   5. SDX Energy Morocco (UK) Limited 1% · U.K.
   6. Sea Dragon Cooperatieve U.A. 1% · Netherlands
   7. Sea Dragon Energy Holding B.V. 1% · Netherlands
   8. SDX Energy Egypt (Nile Delta) B.V. 1% · Egypt
   9. Sea Dragon Energy (GOS) B.V. 1% · Egypt
   10. Sea Dragon Energy (Nile) B.V. 1% · Egypt
   11. Sea Dragon Energy (NW Gemsa) B.V. 1% · Egypt
   12. Sea Dragon Energy Holding Limited 1% · British Virgin Islands
   13. NPC (Shukheir Marine) Limited 1% · Egypt
   14. Madison International Oil & Gas Ltd 1% · Barbados
   15. Madison Egypt Oil & Gas Ltd 1% · Egypt
   16. Madison Cameroon Oil & Gas Ltd 1% · Cameroon
   17. SDX Energy Egypt (Meseda) Ltd 1% · Egypt
   18. SDX Energy Morocco (Jersey) Ltd 1% · Morocco
   19. Limerick Services SARL 1% · Morocco
   20. Brentford Oil Tools 0.5% · Egypt

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

6

last 12 months

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