How much does Hugh Stirling Limited make?

Hugh Stirling Limited reported revenue of £13.6m and £248k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Hugh Stirling Limited have?

Hugh Stirling Limited reported an average of 137 employees in the year to 31 Dec 2024.

Is Hugh Stirling Limited profitable?

Yes — Hugh Stirling Limited reported a profit of £248k in the year to 31 Dec 2024.

Company No. SC035017 · Incorporated 21 Mar 1960

Hugh Stirling Limited

Registered name: HUGH STIRLING LIMITED

Part of Wallace Topco Limited group

Hugh Stirling Limited made £13.6m revenue and £248k profit in the year to 31 Dec 2024.

Hugh Stirling Limited’s revenue fell 1% to £13.6m in the year to 31 Dec 2024, with £248k profit and 137 employees. The company is classified under “manufacture of veneer sheets and wood-based panels” and is based in Glasgow; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 16210Manufacture of veneer sheets and wood-based panels SIC 16290Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials SIC 43220Plumbing, heat and air-conditioning installation SIC 43320Joinery installation

Status: Active
Location: Glasgow, Scotland
Age: 66 yrs · since 1960
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2024

Key figures

Capital-light

Revenue

£13.6m

Growth ▼0.8%

Profit

£248k

Growth —

Profit margin

1.8%

Gross 19.8%

Employees

137

Change ▲1.5%

Profit / employee

£1.8k

Revenue/employee £99.5k

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£14.1m	£13.7m	£13.6m
Cost of sales	£11.7m	£11.5m	£10.9m
Gross profit	£2.4m	£2.3m	£2.7m
Operating profit	−£31.8k	−£73.7k	£387k
Profit before tax	−£66.7k	−£262k	£248k
Profit after tax	−£66.7k	−£262k	£248k
Profit (best available)	−£66.7k	−£262k	£248k
Staff costs	£4.6m	£4m	£4.2m
Employees (average)	160	135	137
Ratios
Profit margin	−0.5%	−1.9%	1.8%
Gross margin	17%	16.5%	19.8%
Revenue per employee	£88.3k	£102k	£99.5k
Profit per employee	−£417	−£1.9k	£1.8k
Growth (year on year)
Revenue growth	—	▼2.7%	▼0.8%
Headcount growth	—	▼15.6%	▲1.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£599k	£426k	£200k
Net assets	£286k	£24.2k	£272k
Fixed assets	£802k	£668k	£869k
Current assets	£4.1m	£3.6m	£3.7m
Debtors	£1.7m	£1.6m	£1.9m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Jul 2025

Derived from the latest filing

How the business works

Profit margin: 1.8%; Profit ÷ revenue.
Gross margin: 19.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £99.5k; Revenue ÷ average employees.
Profit per employee: £1.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.9%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲1027%; Now £272k
Cash at bank: ▼53%; Now £200k
Headcount: ▲1%; Now 137
Deferred income: —; Now —
Fixed assets: ▲30%; Now £869k

Corporate ownership

Group structure

Ownership chain

Wallace Topco Limitedultimate parent75–100%
Hugh Stirling Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £248k), from the Companies House accounts bulk data published Jul 2025. Spotted an error? Request a correction.

Updated from Companies House on 15 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.