SHELL QGC UPSTREAM 1 LIMITED - Profile & Financials

Accounts Submitted 7 Aug 2025

Confirmation Statement Submitted 2 Jun 2025

Net assets £3307.82M £3465.02M 2024 year on year

Total assets £3313.14M £3227.53M 2024 year on year

Total Liabilities £5.32M £2.38M 2024 year on year

Charges None No charges registered

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Contact & Details

Contact

Update Details

Registered Address

Shell Centre London SE1 7NA United Kingdom

Credit Report

Discover SHELL QGC UPSTREAM 1 LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2024

Type Total Exemption Full

Next accounts 31 December 2025

Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2014–2024)

Cash in Bank

N/A

Net Assets

£3307.82M

Decreased by £3465.02M (-51%)

Total Liabilities

£5.32M

Increased by £2.38M (+81%)

Turnover

N/A

Employees

N/A

Debt Ratio

N/A

Financial History

Revenue, profit, EBITDA and key financial figures

	2024 Dec Year End	2023 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share allotments and capital structure

24 Allotments 20,735,725,812 Shares £20735.73m Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
31 May 2022	AU$, 1.00, AUD1.00 ORDINARY-B	890,359,058	AUD890.36m	AUD1
28 Jul 2021	ORDINARY-B	4,134,055,841	AUD4134.06m	AUD1
25 Nov 2020	ORDINARY-B	2,531,138,172	AUD2531.14m	AUD1
31 Dec 2016	ORDINARY-B	158,000,000	AUD158.00m	AUD1
30 Nov 2016	ORDINARY-B	37,776,025	AUD37.78m	AUD1

Officers

3 active 25 resigned

Show resigned officers

						Status
Jeffrey Graham Connell	Director	British	United Kingdom	52	14 Sept 2021	Active
Jennifer Lu	Director	Australian	United Kingdom	46	23 May 2024	Active
Pecten Secretaries Limited	Corporate-secretary	United Kingdom	Unknown	—	1 Nov 2022	Active

Shareholders

Shareholders (2)


Shell Qgc Holdings Limited	100.0%	5,784,760,904	Au$, 1.00, Aud1.00 Ordinary-b	9 Jun 2023
Shell Qgc Holdings Limited	0.0%	2,000	1.00, 1.00 Ordinary-a	9 Jun 2023

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Bg 456 Limited

United Kingdom

Active

Notified 6 Apr 2016

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

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Group Structure

SHELL QGC HOLDINGS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

BG ENERGY HOLDINGS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

BG GROUP LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

SHELL PETROLEUM COMPANY LIMITED(THE) united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

SHELL GROUP HOLDING LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

SHELL PLC united kingdom

SHELL QGC UPSTREAM 1 LIMITED Current Company

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
4 Nov 2025	Capital	Statement by Directors	View(1 page)
4 Nov 2025	Insolvency	Solvency Statement dated 30/10/25	View(1 page)
4 Nov 2025	Capital	Capital Statement Capital Company With Date Currency Figure	View(3 pages)
4 Nov 2025	Resolution	Resolutions	View(2 pages)
4 Sept 2025	Officers	Termination of Sarah Eglington as director on 2025-08-22	View(1 page)