PELAGIA SHETLAND LIMITED
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Cash
£556k
-94.6% lowest in 3 filed years
Net assets
£30m
+25.7% highest in 3 filed years
Employees
60
0% vs 2024
Profit before tax
£8.1m
+83.6% highest in 3 filed years
Net assets
3-year trend · vs Consumer Staples median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £61,872,652 | £80,848,983 | £86,026,878 | +6.4% | |
| Operating profit | £1,724,601 | £4,295,736 | £7,507,847 | +74.8% | |
| Profit before tax | £1,831,283 | £4,401,555 | £8,080,145 | +83.6% | |
| Net profit | £1,370,943 | £3,263,029 | £6,033,800 | +84.9% | |
| Cash | £7,553,755 | £10,337,464 | £556,433 | -94.6% | |
| Total assets less current liabilities | £21,386,803 | £24,423,855 | £30,337,826 | +24.2% | |
| Net assets | £20,234,207 | £23,497,236 | £29,531,036 | +25.7% | |
| Equity | £20,234,207 | £23,497,236 | £29,531,036 | +25.7% | |
| Average employees | 48 | 60 | 60 | 0% | |
| Wages | £2,061,371 | £2,773,068 | £2,995,238 | +8% | |
| Directors' remuneration | — | — | — | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 2.8% | 5.3% | 8.7% | |
| Net margin | 2.2% | 4.0% | 7.0% | |
| Return on capital employed | 8.1% | 17.6% | 24.7% | |
| Gearing (liabilities / total assets) | 39.2% | — | — | |
| Current ratio | 2.20x | 2.18x | 2.31x | |
| Interest cover | 6.72x | 19.18x | 24.68x |
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.
Name history
Renamed 3 times since incorporation
- PELAGIA SHETLAND LIMITED 2017-03-01 → present
- SHETLAND CATCH LIMITED 1990-10-19 → 2017-03-01
- S.P.P. (LERWICK) LIMITED 1985-10-07 → 1990-10-19
- ORVINTAX LIMITED 1985-09-04 → 1985-10-07
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- A.J.B. Scholes Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared trading forecasts based on expected sales volumes and these show that the company is expected to continue to trade profitably. The company has continued support from its parent company Pelagia AS which provides credit facilities, through the Pelagia AS group banking facility, to help manage cash flow throughout the fishing seasons. Pelagia AS has provided a letter of support to confirm that it will continue to provide financial support to allow this company to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LEASK, Darren | Secretary | 2014-02-06 | — | — |
| GRAINS, Calum Andrew Sutherland, Captain | Director | 2012-10-25 | Mar 1971 | British |
| HAUGSTAD, Egil Magne | Director | 2014-06-13 | Dec 1957 | Norwegian |
| ISBISTER, Brian Neil | Director | 2002-01-01 | Mar 1965 | British |
| STRAND, Magnus Egil | Director | 2017-02-28 | Oct 1965 | Norwegian |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDERSON, Elizabeth Wilma | Secretary | — | 1990-08-09 |
| HAWICK, Catherine Louise | Secretary | 1999-06-10 | 2014-02-14 |
| MACLEOD, Morag | Secretary | 1995-06-01 | 1999-06-10 |
| WISHART, Allan Sinclair | Secretary | 1990-08-09 | 1995-06-01 |
| ANDERSON, Brian | Director | 2007-05-24 | 2017-02-28 |
| ANGUS, John Keith Hector | Director | 2007-09-12 | 2017-02-28 |
| BOOTH, Derek Alexander | Director | 1993-03-09 | 1995-05-04 |
| CLUNAS, Paul James | Director | 1997-10-09 | 1999-11-22 |
| DRIVENES, Britt Kathrine | Director | 2007-10-18 | 2013-03-14 |
| ERIKSEN, Knut Peder | Director | 2013-03-14 | 2014-06-13 |
| GOODLAD, John Hutchison | Director | — | 2017-02-28 |
| HAWICK, Catherine Louise | Director | 2004-08-25 | 2008-11-25 |
| HUTCHISON, David Kay | Director | — | 2017-02-28 |
| IRVINE, John | Director | 2004-01-06 | 2008-09-04 |
| LAURENSON, Arthur Bruce | Director | — | 2004-10-29 |
| LAURENSON, Sandra Mary | Director | 1995-06-29 | 2018-02-27 |
| LEASK, Derek Hunter | Director | 1994-03-08 | 2006-08-12 |
| LEIPER, Alan | Director | — | 2000-10-13 |
| LEIPER, Simon Neil Andrew | Director | 1998-11-26 | 2017-02-28 |
| LEIPER, Simon Neil Andrew | Director | 1995-06-29 | 1997-10-09 |
| MACLEOD, Morag | Director | 1998-08-19 | 1999-06-10 |
| MCLEOD, Robert | Director | — | 1993-05-31 |
| MOEGSTER, Arne | Director | 2007-10-18 | 2013-03-14 |
| POLSON, Magnus John | Director | 1990-12-05 | 2004-01-06 |
| POLSON, Robert John | Director | 2004-01-06 | 2008-09-04 |
| SHEARER, Magnus Macdonald | Director | — | 1993-12-31 |
| SIMPSON, Joseph Gilbert | Director | 2003-02-27 | 2004-01-06 |
| TAIT, John | Director | — | 1993-05-31 |
| VIKENES, Tor | Director | 2013-03-14 | 2015-04-30 |
| WAILES, Richard Carl | Director | 1991-02-07 | 1993-05-31 |
| WISHART, Allan Sinclair | Director | — | 2007-05-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pelagia As | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-02-28 | Ceased 2020-12-31 |
Filing timeline
Last 20 of 242 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-09 | AA | accounts | Accounts with accounts type full | |
| 2026-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-09 | AA | accounts | Accounts with accounts type full | |
| 2025-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-13 | AA | accounts | Accounts with accounts type full | |
| 2024-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-13 | AA | accounts | Accounts with accounts type full | |
| 2023-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-11-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-11-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-11-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-11-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-16 | AA | accounts | Accounts with accounts type full | |
| 2022-01-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-07 | AA | accounts | Accounts with accounts type full | |
| 2021-03-04 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2021-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-02-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-01-13 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.