Sheilds Limited

Reference number: 1015738

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Introducer appointed representative

This firm can only introduce you to its principal, and cannot give financial advice, recommend products, or arrange deals alone.

Responsible principal firm

Social Money Limited Reference number: 675283 Authorised View firm →
What does this mean?
  • An introducer appointed representative can only pass your details to its principal firm. It cannot recommend products, give financial advice, or arrange deals on its own.
  • SHEILDS LIMITED (FRN 1015738) introduces customers to Social Money Limited (FRN 675283). Any regulated advice or arranging is done by the principal, not SHEILDS.
  • Example: if SHEILDS refers you to a financial adviser, the advice should come from the principal firm, not from SHEILDS itself.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When sheilds.org first appeared online, and whether it can receive email
  • What kind of line 01482 291263 is
  • Who else gives the postcode HU13 0LH
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FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Social Money Limited, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number
04623681
Company status
Active
Company type
Private limited company
Incorporated
23 December 2002 (23 years old)
Registered office
West Court Hesslewood Hall, Ferriby Road, Hessle, HU13 0LH, England
Nature of business
  • Other education not elsewhere classified (SIC 85590)

Directors and company secretaries

Name Role Born Appointed Other companies
Patrick Michael Frayne Director Jan 1980 1 Jan 2012 3 other companies
Steven Peter Bilton Director Sep 1981 7 Mar 2017 None

Other companies run by these 2 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies
3
closed down
1
still active
2

In the full report: all 3 companies, named

  • What each company does, and whether it is still trading
  • Which of these 2 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • All 15 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 28 February 2025Small company accountsNot audited

Net assets

£110k

−4.8% from £115k

Cash at bank

£325k

+37% from £237k

Employees (average)

26

−16% from 31

Owed within a year

£960k

+34% from £714k

Assets and liabilities

In the full report: all 5 years of accounts

  • Every year from 2019 to 2025
  • The chart, over every year
  • Every filed figure, year by year
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About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 04623681. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Sheilds’s history from the FCA register and Companies House, newest first.

Key events (11) All events (39)

2025

11 September 2025

  • Frayne Limited gave up control
  • Sheilds Holdings Limited took control (75–100% of shares)

Companies House

21 March 2025

  • Frayne Limited took control (75–100% of shares)
  • Michael Andrew Shields gave up control

Companies House

1 January 2025

  • Patrick Michael Frayne no longer has significant control
  • Steven Peter Bilton no longer has significant control

Companies House

2024

16 June 2024

  • Became an introducer appointed representative

FCA register

2019

1 January 2019

  • Steven Peter Bilton gained significant control

Companies House

2016

1 July 2016

  • Michael Andrew Shields took control (75–100% of shares)
  • Patrick Michael Frayne gained significant control

Companies House

2002

23 December 2002

  • Incorporated at Companies House

Companies House

In the full report: all 39 events

  • All 39 events in its history (11 shown here)
  • Every director appointment and resignation: 26
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Firms connected to Sheilds

Other FCA-listed firms that share a director, phone number or address with Sheilds. A link shows who the firm is tied to, not whether either can be trusted.

connected firm
1
share its postcode
1

In the full report: the connected firm, named

  • How it is linked: the same postcode (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Sheilds

Other firms of the same type (credit broker), nearest first.

In Hessle

Synergi Partner Finance LtdHessleAuthorisedIT @ Spectrum LimitedHessleAuthorised

In the Hull (HU) postcode area

Akdemir Holdings LimitedHullAppointed representativeHub Commercial Finance LtdHullAppointed representativeKingston Capital Finance LimitedBroughAppointed representativeLuxakey Commercial Finance LimitedHullAppointed representative

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Sheilds

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 3 other companies its directors have run, named
  • 3 background checks on its contact details
  • 5 years of accounts, charted
  • All 39 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Sheilds Limited FCA authorised?
Sheilds Limited (FRN 1015738) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does introducer appointed representative mean for Sheilds?
An introducer appointed representative can only pass your details to its principal firm. It cannot recommend products, give financial advice, or arrange deals on its own. Sheilds Limited (FRN 1015738) introduces customers to Social Money Limited (FRN 675283). Any regulated advice or arranging is done by the principal, not Sheilds. Example: if Sheilds refers you to a financial adviser, the advice should come from the principal firm, not from Sheilds itself. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
What is Sheilds’ phone number and website?
The FCA register lists the phone number 01482 291263 and the website sheilds.org for Sheilds. If you were given different contact details, use these to check with the firm before going any further.
Is Sheilds a scam or clone?
Sheilds is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Sheilds?
Protection works through Social Money Limited, the principal firm responsible for Sheilds's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Sheilds?
Sheilds is owned by Sheilds Holdings Limited, which holds 75–100% of shares and 75–100% of votes, since 11 September 2025. Before that, it was controlled by Mr Michael Andrew Shields, Frayne Limited and Mr Steven Peter Bilton.
Who runs Sheilds?
Companies House lists 2 directors of Sheilds: Patrick Michael Frayne and Steven Peter Bilton.
How long has Sheilds been in business?
The company was formed on 23 December 2002.
What do Sheilds’ latest accounts show?
Its latest accounts, to 28 February 2025, show net assets of £110k (−4.8% from £115k) and cash at bank of £325k (+37% from £237k).

Sources and links

The full report on Sheilds Limited

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