SHALENET LIMITED
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Cash
£2.8M
-3.8% vs 2024
Net assets
£26K
-98.1% lowest in 6 filed years
Employees
4
0% vs 2024
Profit before tax
£13K
-97.9% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £32,468,535 | £22,841,985 | £15,299,626 | -33% | |
| Operating profit | — | — | — | £1,308,994 | £573,385 | -£41,248 | -107.2% | |
| Profit before tax | — | — | — | £1,322,552 | £609,698 | £12,655 | -97.9% | |
| Net profit | — | — | — | — | £456,149 | £8,286 | -98.2% | |
| Cash | — | £183,262 | £3,521,119 | £5,939,767 | £2,914,214 | £2,804,235 | -3.8% | |
| Total assets less current liabilities | £93,727 | £153,319 | £201,549 | £1,073,503 | £1,350,939 | £25,672 | -98.1% | |
| Net assets | £93,727 | £153,319 | £201,549 | £1,073,503 | £1,350,939 | £25,672 | -98.1% | |
| Equity | £93,727 | £153,319 | £201,549 | £1,073,503 | £1,350,939 | £25,672 | -98.1% | |
| Average employees | 1 | 1 | 2 | 4 | 4 | 4 | 0% | |
| Wages | — | — | — | £75,957 | £66,740 | £45,403 | -32% | |
| Directors' remuneration | — | — | — | £25,014 | £18,192 | £11,378 | -37.5% |
Values shown as filed in the company's annual accounts. — 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 4.0% | 2.5% | -0.3% | |
| Net margin | — | — | — | — | 2.0% | 0.1% | |
| Return on capital employed | — | — | — | 121.9% | 42.4% | -160.7% | |
| Gearing (liabilities / total assets) | — | — | — | — | 83.0% | 99.3% | |
| Current ratio | — | — | — | 1.21x | 1.20x | 1.01x |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Alder Demain & Akers Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COTSFORD, Nicholas Wayne | Director | 2025-05-01 | Jan 1972 | British |
| HURST, Mark Christian | Director | 2025-05-01 | Feb 1964 | British |
| KEYTE, Stephen | Director | 2022-05-12 | Mar 1963 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BELCHER, Brian | Director | 2014-04-29 | 2024-10-25 |
| ODRISCOLL, Richard | Director | 2014-03-05 | 2014-04-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Mark Christian Hurst | Individual | Shares 25–50% | 2025-05-01 | Active |
| Mr Nicholas Wayne Cotsford | Individual | Shares 25–50% | 2025-05-01 | Active |
| Mr Stephen Keyte | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2024-10-25 | Ceased 2025-06-19 |
| Mr Brian Belcher | Individual | Shares 25–50%, Voting 25–50%, Voting 75–100% (as firm), Appoints directors | 2016-04-06 | Ceased 2024-10-25 |
Filing timeline
Last 20 of 48 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-29 | AA | accounts | Accounts with accounts type full | |
| 2026-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-06-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-29 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-29 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-29 | SH01 | capital | Capital allotment shares | |
| 2025-05-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-02 | SH03 | capital | Capital return purchase own shares | |
| 2024-11-11 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-11 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-11-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-09 | SH06 | capital | Capital cancellation shares | |
| 2024-11-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-05 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 3
- 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.