# SHETLAND COMPOSITES LIMITED (SC384686)

> SHETLAND COMPOSITES LIMITED is an active private limited company (company number SC384686) incorporated on 2 September 2010, registered in Lerwick. Its registered activity is manufacture of other plastic products (SIC 22290). Latest small accounts cover the period ending 31 December 2024, showing net assets of £457k and cash of £3,951, with 3 employees on average. Net assets rose 70% on the prior period (£268k).

- Status: Active
- Incorporated: 2010-09-02
- Registered office: Lerwick, ZE1 0EA
- SIC 22290: Manufacture of other plastic products
- Next accounts due: 2026-09-30
- Confirmation statement due: 2027-09-16
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 544 comparable companies in Other (median £24k, upper quartile £348k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2024-12-31 | £457k | £3,951 | £35k | £90k | — | — | 3 |
| 2023-12-31 | £268k | £13k | £10k | £53k | — | — | 3 |

current ratio 0.84; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £457,054 at 31 December 2024
- Net assets up 10% or more on the prior period: +70.3% vs prior period
- Current assets below creditors within one year: Current ratio 0.84
- Incorporated five or more years ago: Incorporated 2 September 2010
- Accounts past their due date: Due 30 September 2026

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Fred Paddington Gibson — owns 50–75% of shares; holds 50–75% of voting rights; can appoint or remove directors, since 2016-04-06
- Mrs Magdalena Mojca Gibson — owns 25–50% of shares; holds 25–50% of voting rights; can appoint or remove directors, since 2016-11-30

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/SC384686
HTML: https://firmoscan.com/company/SC384686-shetland-composites-limited