SHI CORPORATION UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-21 (in 4mo)
Last made up 2025-09-07
Watchouts
None on the register
Cash
£4M
-43.5% vs 2023
Net assets
—
Equity attributable
Employees
351
-0.3% vs 2023
Profit before tax
-£104K
+53.8% highest in 5 filed years
Net assets
8-year trend · vs Technology median
Accounts
8-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-01-01 | 2020-12-31 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | £66,331,832 | £133,201,487 | — | £118,181,633 | — | £114,955,068 | £88,312,163 | |
| Operating profit | — | -£156,376 | -£999,214 | — | £285,808 | — | £284,746 | £392,056 | |
| Profit before tax | — | -£408,484 | -£1,882,760 | — | -£3,728,495 | — | -£225,856 | -£104,430 | |
| Net profit | — | -£408,484 | -£1,882,760 | — | -£3,728,495 | — | -£865,836 | -£387,989 | |
| Cash | £1 | £4,323,154 | £5,315,901 | £5,315,901 | £7,244,681 | £7,244,681 | £7,188,663 | £4,064,891 | |
| Total assets less current liabilities | — | -£408,483 | -£2,291,243 | — | -£4,741,376 | — | — | — | |
| Net assets | — | -£408,483 | -£2,291,243 | — | -£6,019,738 | — | — | — | |
| Equity | £1 | -£408,483 | -£2,291,243 | -£2,291,243 | -£6,019,738 | -£6,019,738 | -£6,885,574 | £2,726,437 | |
| Average employees | — | 182 | 203 | — | 320 | — | 352 | 351 | |
| Wages | — | £4,206,714 | £14,932,479 | — | £22,181,781 | — | £26,099,861 | £27,191,993 |
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 | 2020-01-01 | 2020-12-31 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -0.2% | -0.8% | — | 0.2% | — | 0.2% | 0.4% | |
| Net margin | — | -0.6% | -1.4% | — | -3.2% | — | -0.8% | -0.4% | |
| Return on capital employed | — | 38.3% | 43.6% | — | -6.0% | — | — | — | |
| Interest cover | — | -0.62x | -1.13x | — | 0.07x | — | 0.17x | 0.36x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The company has total equity at 31 December 2024 of £2,726,437 (2023: deficit on total equty of £6,885,574) and made a loss for the year then ended of £387,989 (2023: loss of £865,836). The directors consider this basis to be appropriate as the company has received a letter of support from its parent undertaking, SHI International Corp. confirming its intention and ability to provided continued financial assistance to the company for the foreseeable future being a period of at least twelve months from the date of approval of these financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “In the current year there has been a capitalisation amounting to £10 million from the intercompany loan.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LEE, Thai Theresa | Director | 2017-09-08 | Nov 1958 | American |
| PRIOR, James Robert | Director | 2025-03-13 | Jun 1973 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ms Thai Theresa Lee | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-09-08 | Active |
Filing timeline
Last 20 of 27 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-09-20 RESOLUTIONS Resolution
- 2022-09-20 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-18 | AA | accounts | Accounts with accounts type full | |
| 2025-09-12 | AD03 | address | Move registers to sail company with new address | |
| 2025-09-12 | AD02 | address | Change sail address company with new address | |
| 2025-09-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-17 | SH01 | capital | Capital allotment shares | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-10 | AA | accounts | Accounts with accounts type full | |
| 2023-10-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-21 | AA | accounts | Accounts with accounts type full | |
| 2022-09-20 | RESOLUTIONS | resolution | Resolution | |
| 2022-09-20 | MA | incorporation | Memorandum articles | |
| 2022-09-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-01-04 | AA | accounts | Accounts with accounts type full | |
| 2021-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-13 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2021-09-09 | CH01 | officers | Change person director company with change date | |
| 2020-12-17 | AA | accounts | Accounts with accounts type dormant |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
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
-23.2%
£114,955,068 £88,312,163
-
Cash
-43.5%
£7,188,663 £4,064,891
-
Net assets
—
Not reported
-
Employees
-0.3%
352 351
-
Operating profit
+37.7%
£284,746 £392,056
highest in 5 filed years
-
Profit before tax
+53.8%
-£225,856 -£104,430
highest in 5 filed years
-
Wages
+4.2%
£26,099,861 £27,191,993
highest in 5 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers