GLOBUS (SHETLAND) LIMITED
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Next accounts due
2027-02-28 (in 9mo)
Last filed for 2025-05-31
Confirmation statement due
2026-05-29 (this month)
Last made up 2025-05-15
Watchouts
None on the register
Cash
£4M
+5.2% vs 2024
Net assets
£36M
-9.3% vs 2024
Employees
181
-18.5% vs 2024
Profit before tax
-£4M
+42% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-05-31
| Metric | Trend | 2024-05-31 | 2025-05-31 |
|---|---|---|---|
| Turnover | £60,197,000 | £58,803,000 | |
| Operating profit | -£706,000 | £2,286,000 | |
| Profit before tax | -£7,001,000 | -£4,062,000 | |
| Net profit | -£6,796,000 | -£3,431,000 | |
| Cash | £3,750,000 | £3,945,000 | |
| Total assets less current liabilities | £41,942,000 | £63,560,000 | |
| Net assets | £40,212,000 | £36,478,000 | |
| Equity | £40,212,000 | £36,478,000 | |
| Average employees | 222 | 181 | |
| Wages | £9,606,000 | £9,683,000 |
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 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|
| Operating margin | -1.2% | 3.9% | |
| Net margin | -11.3% | -5.8% | |
| Return on capital employed | -1.7% | 3.6% | |
| Current ratio | 1.22x | 3.12x | |
| Interest cover | -4.53x | 7.17x |
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
- Consolidated group
- 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. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period to 31 January 2027.”
Group structure
- GLOBUS (SHETLAND) LIMITED · parent
- Showa (UK) Limited 100%
- Globus EMEA FZE 100%
- Haika Limited 100%
- Alpha Solway Limited 100%
- Alpha Safety Limited 100%
- Vision Lab (Ormskirk) Limited 90%
- Globus Deutschland GmbH 100%
- ENHA Gmbh 100%
- Globus Asia Pacific Limited 100%
- Globus Americas LLC 100%
- Fabotex Tecnology S.R.L. 80%
- Alpha Solway S.R.L. 100%
- Alpha Solway Unipessoal L.D.A. 100%
- Safeguard Solutions Ltd 60%
Significant events
- “Our new production facility in Manchester became operational in Spring 2025.”
- “We have launched 3 very innovative new products in respiratory and 75% of our healthcare and industrial respiratory products are UK manufactured.”
- “We have launched 3 exciting new head protection lines and in excess of 20 exciting new glove products.”
- “The company donated £298k to various causes in the year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PETERSON, Eric Spence | Secretary | 1999-05-28 | — | British |
| AGUSTSSON, Haraldur | Director | 1999-09-24 | Feb 1973 | Icelandic |
| HANSON, Mitchell | Director | 2025-01-07 | Feb 1992 | American |
| MORRIS, Andrew Kingsley | Director | 2013-12-11 | Jun 1970 | British |
| STREICH, Anthony John | Director | 2023-02-28 | Apr 1977 | American |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PETERSON, George Sholto | Secretary | 1994-02-18 | 1999-05-28 |
| OSWALDS OF EDINBURGH LIMITED | Corporate Nominee Secretary | 1994-02-18 | 1994-02-18 |
| AGUSTSDOTTIR, Helga Vala | Director | 2016-09-08 | 2021-12-21 |
| ALFREDSSON, Agust | Director | 1994-02-18 | 2020-09-03 |
| EASTON, Michael | Director | 2005-09-01 | 2021-12-21 |
| FORT, Michael | Director | 2012-04-13 | 2014-09-18 |
| KRANTZ, Pal | Director | 2004-09-03 | 2020-12-14 |
| MASTERS, Simon Paul | Director | 2016-10-18 | 2021-12-21 |
| OFFERDAL, Kare | Director | 1994-09-23 | 2013-09-06 |
| RESSEL, Blake Gregory | Director | 2021-12-21 | 2025-01-01 |
| WATSON, Brett | Director | 2021-12-21 | 2023-02-28 |
| JORDANS (SCOTLAND) LIMITED | Corporate Nominee Director | 1994-02-18 | 1994-02-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Zetland Topco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, right-to-appoint-and-remove-directors-as-firm | 2021-12-21 | Ceased 2021-12-21 |
| Zetland Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-21 | Active |
| Mr Haraldur Agustsson | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-12-21 |
| Mr Agust Alfredsson | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2019-07-02 |
Filing timeline
Last 20 of 190 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-02 | AA | accounts | Accounts with accounts type group | |
| 2025-12-09 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-26 | AA | accounts | Accounts with accounts type group | |
| 2025-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-21 | AA | accounts | Accounts with accounts type group | |
| 2024-01-09 | CH01 | officers | Change person director company with change date | |
| 2023-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-02 | AA | accounts | Accounts with accounts type group | |
| 2023-03-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-03-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-06-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-02-16 | AA | accounts | Accounts with accounts type group | |
| 2022-01-17 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- 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
FY2024 → FY2025 · period ending 2025-05-31 vs 2024-05-31
-
Turnover
-2.3%
£60,197,000 £58,803,000
-
Cash
+5.2%
£3,750,000 £3,945,000
-
Net assets
-9.3%
£40,212,000 £36,478,000
-
Employees
-18.5%
222 181
-
Operating profit
+423.8%
-£706,000 £2,286,000
-
Profit before tax
+42%
-£7,001,000 -£4,062,000
-
Wages
+0.8%
£9,606,000 £9,683,000
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