shell research limited
shell research limited Company Information
Company Number
00539964
Next Accounts
Sep 2025
Industry
Other business support service activities n.e.c.
Shareholders
the shell petroleum company limited
Group Structure
View All
Contact
Registered Address
shell centre, london, SE1 7NA
Website
www.shell.comshell research limited Estimated Valuation
Pomanda estimates the enterprise value of SHELL RESEARCH LIMITED at £111.7m based on a Turnover of £224.4m and 0.5x industry multiple (adjusted for size and gross margin).
shell research limited Estimated Valuation
Pomanda estimates the enterprise value of SHELL RESEARCH LIMITED at £0 based on an EBITDA of £-12.5m and a 3.54x industry multiple (adjusted for size and gross margin).
shell research limited Estimated Valuation
Pomanda estimates the enterprise value of SHELL RESEARCH LIMITED at £28m based on Net Assets of £11.8m and 2.37x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Shell Research Limited Overview
Shell Research Limited is a live company located in london, SE1 7NA with a Companies House number of 00539964. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 1954, it's largest shareholder is the shell petroleum company limited with a 100% stake. Shell Research Limited is a mature, mega sized company, Pomanda has estimated its turnover at £224.4m with healthy growth in recent years.
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Shell Research Limited Health Check
Pomanda's financial health check has awarded Shell Research Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
5 Weak
Size
annual sales of £224.4m, make it larger than the average company (£4.8m)
£224.4m - Shell Research Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (6.6%)
13% - Shell Research Limited
6.6% - Industry AVG
Production
with a gross margin of -7%, this company has a higher cost of product (38.2%)
-7% - Shell Research Limited
38.2% - Industry AVG
Profitability
an operating margin of -5.6% make it less profitable than the average company (5.7%)
-5.6% - Shell Research Limited
5.7% - Industry AVG
Employees
with 555 employees, this is above the industry average (27)
555 - Shell Research Limited
27 - Industry AVG
Pay Structure
on an average salary of £262.2k, the company has a higher pay structure (£54k)
£262.2k - Shell Research Limited
£54k - Industry AVG
Efficiency
resulting in sales per employee of £404.2k, this is more efficient (£171.5k)
£404.2k - Shell Research Limited
£171.5k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (41 days)
2 days - Shell Research Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (32 days)
14 days - Shell Research Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Shell Research Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Shell Research Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82%, this is a higher level of debt than the average (62.4%)
82% - Shell Research Limited
62.4% - Industry AVG
SHELL RESEARCH LIMITED financials
Shell Research Limited's latest turnover from December 2023 is £224.4 million and the company has net assets of £11.8 million. According to their latest financial statements, Shell Research Limited has 555 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 224,355,000 | 206,864,000 | 158,020,000 | 153,601,000 | 153,942,000 | 155,502,000 | 172,733,000 | 176,916,000 | 188,016,000 | 201,221,000 | 210,604,000 | 200,291,000 | 190,497,000 | 127,602,000 | 130,287,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 239,957,000 | 212,262,000 | 161,248,000 | 156,200,000 | 155,258,000 | 159,870,000 | 172,307,000 | 174,904,000 | 186,984,000 | 197,833,000 | 208,140,000 | ||||
| Gross Profit | -15,602,000 | -5,398,000 | -3,228,000 | -2,599,000 | -1,316,000 | -4,368,000 | 426,000 | 2,012,000 | 1,032,000 | 3,388,000 | 2,464,000 | ||||
| Admin Expenses | -3,125,000 | -672,000 | -1,756,000 | -3,495,000 | -2,120,000 | -2,509,000 | -1,142,000 | -1,276,000 | 196,000 | -325,000 | |||||
| Operating Profit | -12,477,000 | -4,726,000 | -1,472,000 | 896,000 | 804,000 | -1,859,000 | 1,568,000 | 3,288,000 | 836,000 | 3,713,000 | |||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,000 | 10,000 | 24,000 | 30,000 | 28,000 |
| Interest Receivable | 1,237,000 | 289,000 | 1,000 | 17,000 | 149,000 | 163,000 | 52,000 | 38,000 | 93,000 | 191,000 | 187,000 | 142,000 | 51,000 | 46,000 | 44,000 |
| Pre-Tax Profit | -11,240,000 | -4,336,000 | -1,471,000 | 913,000 | 953,000 | -1,696,000 | 1,620,000 | 3,326,000 | 929,000 | 3,904,000 | 1,756,000 | -1,120,000 | -17,235,000 | 730,000 | -13,571,000 |
| Tax | -1,637,000 | -1,647,000 | -966,000 | -600,000 | -755,000 | -1,124,000 | -1,356,000 | -1,621,000 | -2,142,000 | -4,182,000 | 626,000 | 4,155,000 | 1,505,000 | -562,000 | 9,473,000 |
| Profit After Tax | -12,877,000 | -5,983,000 | -2,437,000 | 313,000 | 198,000 | -2,820,000 | 264,000 | 1,705,000 | -1,213,000 | -278,000 | 2,382,000 | 3,035,000 | -15,730,000 | 168,000 | -4,098,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -12,877,000 | -5,983,000 | -2,437,000 | 313,000 | 198,000 | -2,820,000 | 264,000 | 1,705,000 | -1,213,000 | -278,000 | 2,382,000 | 3,035,000 | -15,730,000 | 168,000 | -4,098,000 |
| Employee Costs | 145,511,000 | 122,785,000 | 106,650,000 | 81,228,000 | 70,922,000 | 77,117,000 | 94,602,000 | 86,515,000 | 73,558,000 | 82,447,000 | 71,229,000 | 59,889,000 | 63,720,000 | 51,082,000 | 40,073,000 |
| Number Of Employees | 555 | 504 | 450 | 474 | 448 | 420 | 455 | 428 | 454 | 477 | 552 | 589 | |||
| EBITDA* | -12,473,000 | -4,721,000 | -1,466,000 | 907,000 | 820,000 | -1,843,000 | 1,609,000 | 3,328,000 | 872,000 | 3,749,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,000 | 147,000 | 21,000 | 20,000 | 22,000 | 34,000 | 50,000 | 81,000 | 121,000 | 157,000 | 1,071,000 | 10,696,000 | 16,835,000 | 42,631,000 | 45,969,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,025,000 | 970,000 | 1,127,000 | 580,000 | 399,000 | 254,000 | 292,000 | 333,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,038,000 | 1,117,000 | 1,148,000 | 600,000 | 421,000 | 288,000 | 342,000 | 414,000 | 121,000 | 157,000 | 1,071,000 | 10,696,000 | 16,835,000 | 42,631,000 | 45,969,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 130,000 | 1,228,000 | 2,148,000 | 2,122,000 | 2,596,000 | 2,169,000 |
| Trade Debtors | 1,335,000 | 1,272,000 | 767,000 | 1,839,000 | 900,000 | 680,000 | 783,000 | 2,499,000 | 1,208,000 | 1,761,000 | 3,814,000 | 7,551,000 | 10,055,000 | 14,697,000 | 13,999,000 |
| Group Debtors | 55,238,000 | 62,446,000 | 48,415,000 | 25,983,000 | 36,565,000 | 38,805,000 | 45,989,000 | 45,304,000 | 36,315,000 | 92,625,000 | 76,607,000 | 80,063,000 | 78,408,000 | 40,823,000 | 57,976,000 |
| Misc Debtors | 8,042,000 | 5,999,000 | 9,574,000 | 6,263,000 | 5,373,000 | 5,827,000 | 6,167,000 | 4,844,000 | 10,300,000 | 5,786,000 | 6,627,000 | 8,216,000 | 2,915,000 | 12,895,000 | 14,459,000 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 363,000 | 0 | 0 | 12,471,000 | 2,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 64,615,000 | 69,717,000 | 58,756,000 | 34,085,000 | 42,838,000 | 45,312,000 | 52,939,000 | 52,647,000 | 47,823,000 | 100,302,000 | 88,639,000 | 97,978,000 | 93,500,000 | 83,482,000 | 88,605,000 |
| total assets | 65,653,000 | 70,834,000 | 59,904,000 | 34,685,000 | 43,259,000 | 45,600,000 | 53,281,000 | 53,061,000 | 47,944,000 | 100,459,000 | 89,710,000 | 108,674,000 | 110,335,000 | 126,113,000 | 134,574,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,086,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 9,667,000 | 6,502,000 | 5,602,000 | 2,695,000 | 5,117,000 | 5,661,000 | 7,772,000 | 4,667,000 | 3,977,000 | 3,126,000 | 3,987,000 | 3,700,000 | 2,816,000 | 2,797,000 | 132,000 |
| Group/Directors Accounts | 14,059,000 | 20,925,000 | 13,975,000 | 10,077,000 | 12,855,000 | 5,061,000 | 1,519,000 | 5,442,000 | 9,842,000 | 20,937,000 | 5,684,000 | 14,392,000 | 7,694,000 | 18,173,000 | 19,833,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,000 | 49,000 | 139,000 | 201,000 | 190,000 |
| other current liabilities | 27,270,000 | 24,907,000 | 19,925,000 | 1,339,000 | 8,710,000 | 16,076,000 | 16,570,000 | 16,876,000 | 17,336,000 | 17,133,000 | 13,912,000 | 25,171,000 | 31,047,000 | 29,108,000 | 21,615,000 |
| total current liabilities | 50,996,000 | 52,334,000 | 39,502,000 | 14,111,000 | 26,682,000 | 26,798,000 | 25,861,000 | 26,985,000 | 31,155,000 | 41,196,000 | 23,589,000 | 43,312,000 | 42,782,000 | 50,279,000 | 41,770,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,000 | 73,000 | 149,000 | 187,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 541,000 | 594,000 | 647,000 |
| other liabilities | 0 | 57,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 2,841,000 | 3,481,000 | 4,712,000 | 4,550,000 | 866,000 | 3,289,000 | 9,087,000 | 8,007,000 | 425,000 | 18,686,000 | 25,266,000 | 26,880,000 | 31,501,000 | 23,923,000 | 40,970,000 |
| total long term liabilities | 2,841,000 | 3,538,000 | 4,712,000 | 4,550,000 | 866,000 | 3,289,000 | 9,087,000 | 8,007,000 | 425,000 | 18,686,000 | 25,266,000 | 26,889,000 | 32,115,000 | 24,666,000 | 41,804,000 |
| total liabilities | 53,837,000 | 55,872,000 | 44,214,000 | 18,661,000 | 27,548,000 | 30,087,000 | 34,948,000 | 34,992,000 | 31,580,000 | 59,882,000 | 48,855,000 | 70,201,000 | 74,897,000 | 74,945,000 | 83,574,000 |
| net assets | 11,816,000 | 14,962,000 | 15,690,000 | 16,024,000 | 15,711,000 | 15,513,000 | 18,333,000 | 18,069,000 | 16,364,000 | 40,577,000 | 40,855,000 | 38,473,000 | 35,438,000 | 51,168,000 | 51,000,000 |
| total shareholders funds | 11,816,000 | 14,962,000 | 15,690,000 | 16,024,000 | 15,711,000 | 15,513,000 | 18,333,000 | 18,069,000 | 16,364,000 | 40,577,000 | 40,855,000 | 38,473,000 | 35,438,000 | 51,168,000 | 51,000,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -12,477,000 | -4,726,000 | -1,472,000 | 896,000 | 804,000 | -1,859,000 | 1,568,000 | 3,288,000 | 836,000 | 3,713,000 | |||||
| Depreciation | 4,000 | 5,000 | 6,000 | 11,000 | 16,000 | 16,000 | 41,000 | 40,000 | 36,000 | 36,000 | 5,984,000 | 6,866,000 | 28,657,000 | 7,291,000 | 6,942,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,637,000 | -1,647,000 | -966,000 | -600,000 | -755,000 | -1,124,000 | -1,356,000 | -1,621,000 | -2,142,000 | -4,182,000 | 626,000 | 4,155,000 | 1,505,000 | -562,000 | 9,473,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -130,000 | -1,098,000 | -920,000 | 26,000 | -474,000 | 427,000 | 2,169,000 |
| Debtors | -5,102,000 | 10,961,000 | 24,671,000 | -8,753,000 | -2,474,000 | -7,627,000 | 292,000 | 4,824,000 | -52,349,000 | 13,124,000 | -8,782,000 | 4,452,000 | 22,963,000 | -18,019,000 | 86,434,000 |
| Creditors | 3,165,000 | 900,000 | 2,907,000 | -2,422,000 | -544,000 | -2,111,000 | 3,105,000 | 690,000 | 851,000 | -861,000 | 287,000 | 884,000 | 19,000 | 2,665,000 | 132,000 |
| Accruals and Deferred Income | 2,363,000 | 4,982,000 | 18,586,000 | -7,371,000 | -7,366,000 | -494,000 | -306,000 | -460,000 | 203,000 | 3,221,000 | -11,259,000 | -6,417,000 | 1,886,000 | 7,440,000 | 22,262,000 |
| Deferred Taxes & Provisions | -640,000 | -1,231,000 | 162,000 | 3,684,000 | -2,423,000 | -5,798,000 | 1,080,000 | 7,582,000 | -18,261,000 | -6,580,000 | -1,614,000 | -4,621,000 | 7,578,000 | -17,047,000 | 40,970,000 |
| Cash flow from operations | -4,120,000 | -12,678,000 | -5,448,000 | 2,951,000 | -7,794,000 | -3,743,000 | 3,840,000 | 4,695,000 | 34,002,000 | -16,679,000 | |||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 55,000 | -157,000 | 547,000 | 181,000 | 145,000 | -38,000 | -41,000 | 333,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -6,866,000 | 6,950,000 | 3,898,000 | -2,778,000 | 7,794,000 | 3,542,000 | -3,923,000 | -4,400,000 | -11,095,000 | 15,253,000 | -8,708,000 | 6,698,000 | -10,479,000 | -1,660,000 | 19,833,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6,000 | -52,000 | -154,000 | -138,000 | -27,000 | 377,000 |
| other long term liabilities | -57,000 | 57,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 1,237,000 | 289,000 | 1,000 | 17,000 | 149,000 | 163,000 | 52,000 | 38,000 | 93,000 | 191,000 | 185,000 | 132,000 | 27,000 | 16,000 | 16,000 |
| cash flow from financing | 4,045,000 | 12,551,000 | 6,002,000 | -2,761,000 | 7,943,000 | 3,705,000 | -3,871,000 | -4,362,000 | -34,002,000 | 15,438,000 | -8,575,000 | 6,676,000 | -10,590,000 | -1,671,000 | 75,324,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -363,000 | 363,000 | 0 | -12,471,000 | 12,469,000 | 2,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,086,000 | 1,086,000 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -363,000 | 363,000 | 1,086,000 | -13,557,000 | 12,469,000 | 2,000 |
shell research limited Credit Report and Business Information
Shell Research Limited Competitor Analysis
Perform a competitor analysis for shell research limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in SE1 area or any other competitors across 12 key performance metrics.
shell research limited Ownership
SHELL RESEARCH LIMITED group structure
Shell Research Limited has no subsidiary companies.
Ultimate parent company
2 parents
SHELL RESEARCH LIMITED
00539964
shell research limited directors
Shell Research Limited currently has 3 directors. The longest serving directors include Mr Nicholas Flinn (Oct 2019) and Ms Joanna Seddon (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Flinn | England | 52 years | Oct 2019 | - | Director |
| Ms Joanna Seddon | England | 47 years | Oct 2021 | - | Director |
| Mr Stephen Fowler | 58 years | Oct 2022 | - | Director |
P&L
December 2023turnover
224.4m
+8%
operating profit
-12.5m
+164%
gross margin
-6.9%
+166.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
11.8m
-0.21%
total assets
65.7m
-0.07%
cash
0
0%
net assets
Total assets minus all liabilities
shell research limited company details
company number
00539964
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
October 1954
age
71
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
shell centre, london, SE1 7NA
Bank
-
Legal Advisor
-
shell research limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to shell research limited.
shell research limited Capital Raised & Share Issues BETA
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shell research limited Companies House Filings - See Documents
| date | description | view/download |
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