SHETLAND HEAT ENERGY AND POWER LIMITED
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Cash
£1.7m
+14.3% vs 2025
Net assets
£6.3m
+5% vs 2025
Employees
12
+9.1% vs 2025
Profit before tax
—
Period ending 2026-03-31
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
2-year trend · vs Utilities median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | — | — | |
| Profit before tax | — | — | — | |
| Net profit | £305,980 | £320,787 | +4.8% | |
| Cash | £1,487,839 | £1,700,955 | +14.3% | |
| Total assets less current liabilities | £6,393,135 | £6,801,911 | +6.4% | |
| Net assets | £5,978,333 | £6,279,120 | +5% | |
| Equity | £5,978,333 | £6,279,120 | +5% | |
| Average employees | 11 | 12 | +9.1% | |
| Wages | — | — | — | |
| Directors' remuneration | £125,526 | £130,575 | +4% |
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 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 22.4% | 20.5% |
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 1 time since incorporation
- SHETLAND HEAT ENERGY AND POWER LIMITED 1998-01-19 → present
- SHETLAND HEATING AND POWER LIMITED 1998-01-09 → 1998-01-19
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- A.J.B. Scholes Ltd.
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company's operations are running normally and the directors do not consider any assets to be impaired. There are no material uncertainties which would affect the Company's ability to continue as a going concern. Budgets and cashflows going forward show a satisfactory position. The directors are therefore of the opinion it is appropriate to prepare the financial statements on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLARK, Colin Cruikshank | Director | 2020-11-26 | Apr 1953 | British |
| FRASER, Neil James | Director | 2020-11-26 | Dec 1973 | British |
| LEASK, Derek Hunter | Director | 2016-06-30 | Jul 1965 | British |
| RHODES, Justin Alexander | Director | 2024-06-06 | Apr 1971 | British |
| WILLS, Thomas Peter Roberts | Director | 2024-06-06 | Apr 1986 | British |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GODDARD, Jeffrey Paul | Secretary | 2003-05-07 | 2013-07-31 |
| STIRK, Christine Pamela | Secretary | 1998-01-09 | 1998-04-02 |
| DOWLE SMITH & RUTHERFORD | Corporate Secretary | 1998-04-02 | 2003-05-07 |
| NOMINEE SECRETARIES LTD | Corporate Nominee Secretary | 1998-01-09 | 1998-01-09 |
| ANDERSON, Robert James | Director | 1999-07-12 | 2003-05-22 |
| ARMITAGE, Joseph James | Director | 2015-11-12 | 2021-08-27 |
| BARNBROOK, John | Director | 1998-01-09 | 1998-02-20 |
| BLACKADDER, George Andrew | Director | 2012-12-01 | 2016-06-03 |
| CLELLAND, Paul James | Director | 2012-12-01 | 2014-05-18 |
| COLLINS, Simon Caspar | Director | 2016-06-30 | 2018-10-25 |
| DUNCAN, Allison George Leslie | Director | 2007-05-30 | 2012-12-01 |
| EASTEN, Joan Wilma | Director | 1998-02-20 | 1999-07-12 |
| GRANT, Wendy | Director | 2018-06-15 | 2024-03-31 |
| GROAT, Leonard George | Director | 1998-02-20 | 1999-07-12 |
| HENDERSON, Robert Simpson | Director | 2009-09-22 | 2012-12-01 |
| HENRY, James Herculson | Director | 2003-05-22 | 2012-12-01 |
| IRVINE, James Christopher | Director | 1999-07-12 | 2007-05-30 |
| JOHNSON, Robert Lyle | Director | 1998-02-20 | 1999-07-12 |
| KINNIBURGH, Ian | Director | 2014-08-13 | 2015-11-30 |
| KNIGHT, Edward John | Director | 2003-05-22 | 2007-05-30 |
| MALCOLMSON, Peter | Director | 1999-07-12 | 2003-05-22 |
| MANSON, William Henry | Director | 1999-07-12 | 2007-05-30 |
| MASSEY, Keith Ian | Director | 2014-08-13 | 2016-05-24 |
| MCELVOGUE, Greta Mary | Director | 1998-02-20 | 1999-07-12 |
| NICKERSON, Richard Chadsey | Director | 2007-05-30 | 2012-12-01 |
| ROBINSON, Gary | Director | 2007-05-30 | 2012-12-01 |
| SPENCE, William | Director | 2019-11-01 | 2026-07-01 |
| STOVE, William Nicolson | Director | 1998-02-20 | 2007-05-30 |
| TAIT, William Garry | Director | 2016-10-13 | 2019-01-31 |
| TREGONNING, Martin Edward Treloar | Director | 2012-12-01 | 2014-07-24 |
| WISHART, Allan | Director | 2015-11-12 | 2020-11-26 |
| WISHART, Allan Sinclair | Director | 2007-05-30 | 2009-08-05 |
| NOMINEE DIRECTORS LIMITED | Corporate Director | 1998-01-09 | 1998-01-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Andrew Graham Turnbull | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-06-05 | Active |
| James Thomas Nicolson | Corporate entity | Shares 75–100% (as trust) | 2023-08-08 | Ceased 2023-08-08 |
| Robert Neil Risk | Corporate entity | Shares 75–100% (as trust) | 2023-08-08 | Ceased 2023-08-08 |
| Mr Robert Neil Risk | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-08-08 | Active |
| Jim Nicolson | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-08-08 | Active |
| Beth Mouat | Corporate entity | Shares 75–100% (as trust) | 2023-06-01 | Ceased 2023-06-01 |
| Dr Beth Mouat | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-06-01 | Active |
| Ryan John Stevenson | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-06-14 | Active |
| Susan Marie Gray | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-06-14 | Active |
| Aaron Patrick Ferguson | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-06-14 | Active |
| Ewen James Adamson | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-06-14 | Active |
| Margaret Inez Roberts | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-07 | Ceased 2025-05-31 |
| Ms Yvette Claire Hopkins | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-07 | Ceased 2025-01-10 |
| Ian Ramsay Napier | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-07 | Ceased 2023-05-31 |
| Andrew Boyson Cooper | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-07 | Ceased 2023-05-31 |
| Kenneth Harrison | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-07 | Ceased 2023-05-31 |
| Alan James Ockendon | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-07 | Ceased 2022-06-14 |
| Jolene Margaret Ann Garriock | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-07 | Ceased 2022-06-14 |
| Trustees Of Shetland Charitable Trust From Time To Time | Corporate entity | Shares 75–100% (as trust) | 2021-12-07 | Ceased 2021-12-07 |
| Robert Magnus Leask | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-07 | Active |
| Ryan Charles Leith | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-07 | Active |
| Emma Miller | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-07 | Active |
| Shetland Charitable Trust | Corporate entity | Shares 75–100% | 2021-02-23 | Ceased 2021-03-31 |
| Mr Joseph James Armitage | Individual | Significant influence | 2016-06-03 | Ceased 2021-08-27 |
Filing timeline
Last 20 of 189 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-07 | AA | accounts | Accounts with accounts type full | |
| 2026-04-15 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-15 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-15 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-15 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-15 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-14 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-04 | AA | accounts | Accounts with accounts type small | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-10 | AA | accounts | Accounts with accounts type small | |
| 2024-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.