SHD HOLDINGS LIMITED
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Cash
£3.2m
+402.5% highest in 3 filed years
Net assets
£15m
+17.6% highest in 3 filed years
Employees
147
+7.3% highest in 3 filed years
Profit before tax
£5.3m
-6.8% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-11-30 | 2024-11-30 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £41,119,022 | £45,073,506 | £51,373,336 | +14% | |
| Operating profit | £5,808,198 | £5,733,412 | £5,343,683 | -6.8% | |
| Profit before tax | £5,780,790 | £5,737,160 | £5,344,223 | -6.8% | |
| Net profit | £4,289,796 | £4,070,507 | £4,007,016 | -1.6% | |
| Cash | £1,074,588 | £639,181 | £3,211,666 | +402.5% | |
| Total assets less current liabilities | £10,767,681 | £13,223,488 | £15,645,531 | +18.3% | |
| Net assets | £10,328,057 | £12,699,637 | £14,932,455 | +17.6% | |
| Equity | £10,328,057 | £12,699,637 | £14,932,455 | +17.6% | |
| Average employees | 137 | 137 | 147 | +7.3% | |
| Wages | £5,746,426 | £7,072,284 | £8,871,047 | +25.4% | |
| Directors' remuneration | £751,146 | £909,559 | £1,665,193 | +83.1% | |
| Directors' pension contributions | — | £101,000 | £119,170 | +18% | |
| Highest paid director | £40,896 | £43,965 | £228,982 | +420.8% |
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 | 2023-11-30 | 2024-11-30 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 14.1% | 12.7% | 10.4% | |
| Net margin | 10.4% | 9.0% | 7.8% | |
| Return on capital employed | 53.9% | 43.4% | 34.2% | |
| Gearing (liabilities / total assets) | 44.1% | 38.9% | 33.2% | |
| Current ratio | 2.09x | 2.36x | 2.80x | |
| Interest cover | — | — | 98.10x |
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
- Reporting scope
- Consolidated group
- Auditor
- Duncan & Toplis Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- SHD HOLDINGS LIMITED · parent
- SHD Composite Materials Limited 100%
- SHD Composite Materials (USA) Limited 100%
- SHD Engineering Limited 100%
- SHD Composite Materials Inc 100%
- SHD Composite Materials Europe d.o.o 100%
Significant events
- “In November 2025 the SHD Group were acquired by Cambium Biomaterials Inc, a US based company specialising in developing new chemicals and formulations using AI based techniques.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BLATHERWICK, Nigel Ashley | Director | 2020-05-01 | Mar 1964 | British |
| DOUGHTY, Alec Edward | Director | 2025-06-01 | May 1996 | British |
| JACKSON, Jacqueline | Director | 2016-07-07 | Sep 1973 | British |
| SCHNEIDER, Brett Raymond | Director | 2025-11-24 | May 1972 | American |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DOUGHTY, Helen Louise | Director | 2016-07-07 | 2025-11-24 |
| DOUGHTY, Steven Clive | Director | 2016-07-07 | 2026-07-14 |
| SMITH, Nicholas James George | Director | 2016-07-07 | 2025-11-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Helen Louise Doughty | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-10-14 | Ceased 2025-11-24 |
| Mr Steven Clive Doughty | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-07-07 | Ceased 2025-11-24 |
Filing timeline
Last 20 of 66 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-30 RESOLUTIONS Resolution
- 2023-12-11 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type group | |
| 2026-07-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-10 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-12-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-08 | AA01 | accounts | Change account reference date company current extended | |
| 2025-11-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-03 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-09-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-28 | AA | accounts | Accounts with accounts type group | |
| 2025-06-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-12 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-12 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-26 | SH01 | capital | Capital allotment shares | |
| 2024-06-11 | AA | accounts | Accounts with accounts type group | |
| 2023-12-11 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 1
- Officers appointed
- 1
- Officers resigned
- 3
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.