METHANE SERVICES LIMITED
Operating as a subsidiary of BG Energy Holdings Ltd within the wider Shell group, the company provides sea and coastal freight water transport services.
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Cash
—
Latest balance sheet
Net assets
£138m
USD 186,160,000
+54.4% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£73m
USD 98,775,000
+52.7% highest in 3 filed years
Watch the reel
Our short-form breakdown of METHANE SERVICES LIMITED's latest filing
Inside the accounts of Methane Services Limited, a zero-employee shipping arm for Shell pulling in three-quarters of a billion pounds. 🚢
Net assets
3-year trend · vs Industrials 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 | £1,149,309,696 | £916,426,297 | £743,615,584 | -18.9% | |
| Operating profit | £167,627,079 | £167,687,042 | £158,642,672 | -5.4% | |
| Profit before tax | £26,604,173 | £47,996,657 | £73,302,412 | +52.7% | |
| Net profit | £18,063,226 | £35,533,270 | £54,736,920 | +54% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £1,561,010,355 | £1,236,233,684 | £924,322,078 | -25.2% | |
| Net assets | £53,151,867 | £89,463,547 | £138,152,134 | +54.4% | |
| Equity | £53,151,867 | £89,463,547 | £138,152,134 | +54.4% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | — | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 14.6% | 18.3% | 21.3% | |
| Net margin | 1.6% | 3.9% | 7.4% | |
| Return on capital employed | 10.7% | 13.6% | 17.2% | |
| Gearing (liabilities / total assets) | 97.2% | 92.8% | 85.1% | |
| Current ratio | 1.06x | 1.00x | 1.29x | |
| Interest cover | — | 1.24x | 1.62x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the above analysis, the Directors have assessed that the Company is expected to have adequate resources to meet its liabilities and commitments over the going concern period up to 31 December 2027.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 53 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SHELL CORPORATE SECRETARY LIMITED | Corporate Secretary | 2026-05-22 | — | — |
| PATEL, Kirit Kumar | Director | 2025-01-01 | Sep 1968 | British |
| PITTS, James Richard | Director | 2023-10-21 | Jan 1978 | British |
| SHUKLA, Nitin | Director | 2024-01-01 | Apr 1977 | Indian |
Show 53 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDERSON, Linda | Secretary | 2000-02-21 | 2000-11-17 |
| BARRY, Chloe Silvana | Secretary | 2013-07-22 | 2016-07-31 |
| DUNN, Rebecca Louise | Secretary | 2010-09-27 | 2016-05-31 |
| ENNETT, Cayley Louise | Secretary | 2015-10-01 | 2016-07-31 |
| GARRIHY, Anne | Secretary | 1992-12-31 | 1995-02-10 |
| GRIFFIN, John Edward Henry | Secretary | 2000-10-05 | 2003-04-22 |
| HUGHES, Graham Paul | Secretary | 1993-10-25 | 1995-02-10 |
| INMAN, Carol Susan | Secretary | 2003-04-22 | 2013-07-22 |
| MACAULAY, Barbara Scott | Secretary | 1995-02-10 | 1997-01-17 |
| MCCULLOCH, Alan William | Secretary | 2007-09-14 | 2012-04-27 |
| MOORE, Paul Anthony | Secretary | 2005-08-05 | 2007-09-14 |
| POOLE, Andrew Philip | Secretary | 1996-09-05 | 2000-10-05 |
| PECTEN SECRETARIES LIMITED | Corporate Secretary | 2022-11-01 | 2026-05-13 |
| SHELL CORPORATE SECRETARY LIMITED | Corporate Secretary | 2016-07-31 | 2022-11-01 |
| BHAT, Balemale Amrit | Director | 2000-01-17 | 2012-09-28 |
| BONINI, Simon Mark | Director | 2000-01-17 | 2002-02-18 |
| BRADSHAW, Ian Jonathan | Director | 2007-03-05 | 2009-10-30 |
| COLLINS, Ann | Director | 2012-06-07 | 2018-08-31 |
| COX, William Patrick | Director | — | 1995-07-21 |
| D'COSTA, Osler | Director | 2017-08-31 | 2024-02-29 |
| DICKINS, Anthony Richard | Director | 2018-02-23 | 2025-07-01 |
| ENEVER, Andrew John Daniel | Director | 2021-10-22 | 2023-10-21 |
| FLYNN, Stuart Carleton | Director | 2016-08-25 | 2017-07-01 |
| FREEMAN, Graham Harold, Dr | Director | — | 2000-02-02 |
| FYSH, Stuart Alfred, Dr | Director | 2005-08-11 | 2008-11-24 |
| GOUVEA, Leduvy | Director | 2005-08-11 | 2007-03-02 |
| HALL, Graham | Director | 2010-09-30 | 2010-10-15 |
| HALL, Graham | Director | 2003-12-23 | 2005-08-11 |
| HILL, Stephen James | Director | 2011-09-08 | 2017-02-09 |
| HOCKEL, Robert | Director | 2016-08-25 | 2019-01-14 |
| HOUSTON, Martin Joseph | Director | 2005-08-11 | 2010-11-19 |
| HUBBER, Keith Michael | Director | 2002-04-12 | 2002-08-27 |
| KAABI, Rafik | Director | 2016-08-25 | 2017-12-01 |
| KEPPEL-COMPTON, Samuel William | Director | 2013-12-18 | 2016-08-31 |
| KIDDLE, John Patrick | Director | 2015-12-11 | 2016-11-25 |
| LOCKEY, Michael Paul | Director | 2016-11-14 | 2020-12-18 |
| O'DRISCOLL, John Patrick | Director | 2005-08-11 | 2011-12-19 |
| QUINTANA, Carlos | Director | 2005-08-11 | 2014-12-31 |
| SELLERS, Michael Neil | Director | 2013-12-18 | 2017-09-30 |
| SHANNON, Robert William Ernest, Professor | Director | 1993-11-01 | 1995-11-08 |
| SHAW, Emma | Director | 2021-10-01 | 2025-01-01 |
| SHAW, Nigel Richard | Director | 2010-01-11 | 2011-09-08 |
| SHOESMITH, Colin Michael | Director | 1993-11-01 | 2000-02-02 |
| SINIKAS, Igrid | Director | 2002-04-12 | 2003-12-23 |
| SOUTH, Robert, Doctor | Director | — | 1993-11-01 |
| STRAUSFELD-PERRY, Stefan Andrew | Director | 2019-02-13 | 2021-09-30 |
| SUMMERS, Thomas Henry | Director | 2012-12-11 | 2014-12-31 |
| TAYLOR, Philip Raymond | Director | — | 1993-11-01 |
| VARBANOV, Lubomir Georgiev | Director | 2002-04-12 | 2002-05-15 |
| VIDLER, Paul Stephen | Director | 2010-09-30 | 2010-10-15 |
| WALSHE, Edward Thomas | Director | 2000-06-05 | 2001-07-01 |
| WRIGHT, Claire Michelle, Ms. | Director | 2023-06-12 | 2024-01-01 |
| ZINNER, Pedro | Director | 2012-02-10 | 2014-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bg Energy Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 308 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-22 | AA | accounts | Accounts with accounts type full | |
| 2026-06-17 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2026-06-04 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2026-05-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-28 | AA | accounts | Accounts with accounts type full | |
| 2025-08-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-28 | AA | accounts | Accounts with accounts type full | |
| 2024-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-13 | AA | accounts | Accounts with accounts type full | |
| 2023-06-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.