SHELL PENSION RESERVE COMPANY (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-15 (in 1y)
Last made up 2026-05-01
Watchouts
None on the register
Cash
£78K
-66.1% vs 2023
Net assets
£466M
-43.1% vs 2023
Employees
0
Average over period
Profit before tax
£49M
-13.3% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £65,283,914 | £58,077,835 | |
| Operating profit | £56,489,993 | £49,624,166 | |
| Profit before tax | £56,406,227 | £48,907,339 | |
| Net profit | £53,779,096 | £47,160,860 | |
| Cash | £229,800 | £77,835 | |
| Total assets less current liabilities | £849,397,331 | £466,684,952 | |
| Net assets | £818,320,237 | £465,551,520 | |
| Equity | £818,320,237 | £465,551,520 | |
| 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 |
|---|---|---|---|
| Operating margin | 86.5% | 85.4% | |
| Net margin | 82.4% | 81.2% | |
| Return on capital employed | 6.7% | 10.6% | |
| Current ratio | 0.46x | 0.47x | |
| Interest cover | 674.38x | 69.23x |
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
“On the basis of the Group's going concern assumption, and the core role of the Company being providing custodianship of member company pension contributions. Considering the facts noted above, the entity is deemed to be a going concern for the next 12 months following the signing of the financial statements.”
Significant events
- “On 3rd May'24 Shell Pension Reserve Company (UK) Limited ("the Company") had executed an amendment in its framework deed. After this amendment Shell Pension Reserve Company (UK) Limited ("the Company") has a limited credit with Shell Treasury Centre Limited.”
- “Interim dividends of $608.6 million were paid during the year (2023: $nil).”
- “On 12 August 2025, the Company declared interim dividends of $314 million to its immediate parent company, The Shell Petroleum Company Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PECTEN SECRETARIES LIMITED | Corporate Secretary | 2022-11-01 | — | — |
| DAVIES, Alan John | Director | 2021-08-01 | Jun 1954 | British |
| HESLOP, Karen | Director | 2024-06-01 | Jan 1972 | British |
| HOWARD, Alan Robert | Director | 2025-10-31 | Dec 1977 | British |
| KEMULARIA, Tsira | Director | 2022-07-01 | Jan 1977 | British,Georgian |
| MCLEAN, Alan | Director | 2024-10-01 | Nov 1966 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SHELL CORPORATE SECRETARY LIMITED | Corporate Secretary | 2014-02-19 | 2022-11-01 |
| ANDREW, Elizabeth Clare | Director | 2021-08-01 | 2022-06-30 |
| ARCHIBALD, Gary James | Director | 2014-02-19 | 2019-10-01 |
| ASHWORTH, Michael John | Director | 2014-02-19 | 2024-06-06 |
| BOWEN, Sian Angharad | Director | 2014-05-01 | 2015-11-23 |
| CLARK, Michael David | Director | 2014-05-01 | 2021-07-31 |
| CORRIE, Mary Clare Dewitt | Director | 2015-11-23 | 2021-07-31 |
| HICKMAN, Roger | Director | 2021-08-01 | 2025-10-31 |
| MATHER, Harold Clive | Director | 2014-05-01 | 2018-05-31 |
| MORRISON, Timothy Donald Ryan | Director | 2018-06-01 | 2024-09-30 |
| PANTLING, Charlotte | Director | 2019-10-01 | 2021-07-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Shell Petroleum Company Limited | Corporate entity | ownership-of-shares-75-to-100-percent-as-firm, voting-rights-75-to-100-percent-as-firm | 2016-04-06 | Active |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-28 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2022-11-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-15 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-08 | CH01 | officers | Change person director company with change date | |
| 2022-06-01 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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
-11%
£65,283,914 £58,077,835
-
Cash
-66.1%
£229,800 £77,835
-
Net assets
-43.1%
£818,320,237 £465,551,520
-
Employees
—
Not reported
-
Operating profit
-12.2%
£56,489,993 £49,624,166
-
Profit before tax
-13.3%
£56,406,227 £48,907,339
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