SHELL HOLDINGS (BERMUDA) LIMITED
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Cash
—
Latest balance sheet
Net assets
£1B
+0.2% vs 2023
Employees
0
Average over period
Profit before tax
£339M
-36.6% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £27,618,977 | £30,787,991 | |
| Operating profit | -£2,673,832 | -£274,277 | |
| Profit before tax | £533,865,085 | £338,588,584 | |
| Net profit | £530,893,254 | £335,931,060 | |
| Cash | — | — | |
| Total assets less current liabilities | £1,041,269,830 | £1,043,620,460 | |
| Net assets | £1,041,269,830 | £1,043,620,460 | |
| Equity | £1,041,269,830 | £1,043,620,460 | |
| 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 | -9.7% | -0.9% | |
| Net margin | 1922.2% | 1091.1% | |
| Return on capital employed | -0.3% | -0.0% | |
| Current ratio | 41.41x | 27.55x | |
| Interest cover | -7.14x | -1.35x |
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
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate”
Group structure
- SHELL HOLDINGS (BERMUDA) LIMITED · parent
- Shell Borneo Sendirian Berhad 100%
- Sarawak Shell Berhad 45%
Significant events
- “During the year 2025, the Company paid $450,000 thousand as dividend to its shareholding company, Shell Petroleum Company Ltd”
- “Brunei Shell Petroleum Company Sendirian Berhad agreed on 11 December 2024 to terminate the service agreement with Shell Holdings (Bermuda) Limited with effect from 31 December 2025”
- “Shell Holdings (Bermuda) Limited agreed on 25 June 2025 to terminate service agreement with Shell International Exploration and Production B V with effect from 31 December 2025”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADAMS, Jennifer | Secretary | 2026-01-01 | — | — |
| BURDGE, Huw Edward James | Director | 2023-05-15 | Jun 1987 | British |
| CHINKIN, Cassandra Jane | Director | 2025-11-01 | Sep 1977 | British |
| OLIVER, James Edward Dickinson | Director | 2021-12-03 | Mar 1976 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BORLAND, Peter Ernest | Secretary | 2003-01-27 | 2019-08-14 |
| POWELL, Margaret | Secretary | 2019-08-14 | 2025-12-31 |
| SANGER, David Hywel | Secretary | 2003-01-27 | 2009-11-19 |
| BURTON, Philip James | Director | 2003-03-19 | 2010-04-15 |
| DUFFY, Thomas Alexander | Director | 2003-01-27 | 2005-06-06 |
| GAMERO, Pablo Sebastian | Director | 2013-03-12 | 2024-06-30 |
| HINDEN, Frances | Director | 2008-04-30 | 2008-05-02 |
| JONES, Howard Edwin Lotgering | Director | 2021-12-03 | 2025-11-01 |
| MARRET, Frederic | Director | 2003-01-27 | 2007-09-21 |
| MCLEAN, Alan Daniel | Director | 2004-10-13 | 2009-10-06 |
| MUNSIFF, Jyoti Eruch | Director | 2003-01-27 | 2006-06-28 |
| ROBINSON, Grant | Director | 2021-12-03 | 2023-05-02 |
| TOH, Karen Hean | Director | 2007-09-20 | 2009-09-30 |
| TREACY, Louise Mary | Director | 2003-01-27 | 2003-03-19 |
| WAKEFIELD, Nicholas | Director | 2009-10-08 | 2014-07-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 63 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-28 | OSAP03 | officers | Appoint person secretary overseas company with appointment date | |
| 2026-01-27 | OSTM02 | officers | Termination person secretary overseas company with name termination date | |
| 2026-01-27 | AA | accounts | Accounts with accounts type full | |
| 2026-01-12 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-11-07 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2024-12-31 | AA | accounts | Accounts with accounts type full | |
| 2024-12-31 | AA | accounts | Accounts with accounts type full | |
| 2024-10-23 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2023-06-23 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2023-06-23 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-02-28 | AA | accounts | Accounts with accounts type full | |
| 2022-09-20 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2022-07-27 | OSAP03 | officers | Appoint person secretary overseas company with appointment date | |
| 2022-07-27 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2022-07-27 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2022-07-13 | OSTM02 | officers | Termination person secretary overseas company with name termination date | |
| 2022-07-13 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2022-07-13 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2022-07-13 | OSTM02 | officers | Termination person secretary overseas company with name termination date | |
| 2022-01-25 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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
+11.5%
£27,618,977 £30,787,991
-
Cash
—
Not reported
-
Net assets
+0.2%
£1,041,269,830 £1,043,620,460
-
Employees
—
Not reported
-
Operating profit
+89.7%
-£2,673,832 -£274,277
-
Profit before tax
-36.6%
£533,865,085 £338,588,584
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