How much does Morris & Spottiswood Limited make?

Morris & Spottiswood Limited reported revenue of £231m and £4.6m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

Is Morris & Spottiswood Limited profitable?

Yes — Morris & Spottiswood Limited reported a profit of £4.6m in the year to 31 Dec 2025.

Company No. SC046129 · Incorporated 2 Dec 1968

Morris & Spottiswood Limited

Registered name: MORRIS & SPOTTISWOOD LIMITED

Part of Shepherd and Wedderburn LLP group

Morris & Spottiswood Limited made £231m revenue and £4.6m profit in the year to 31 Dec 2025.

Morris & Spottiswood Limited’s revenue grew 34% to £231m in the year to 31 Dec 2025, with £4.6m profit. The company is classified under “other construction installation” and is based in Glasgow; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43290Other construction installation

Status: Active
Location: Glasgow, Scotland
Age: 57 yrs · since 1968
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 2025

Key figures

Operating leverageBoring industry

Revenue

£231m

Growth ▲33.9%

Profit

£4.6m

Growth ▲56.6%

Profit margin

Gross 16.7%

Employees

—

Change —

Profit / employee

—

Profitable streak

3yrs

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 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£128m	£173m	£231m
Cost of sales	−£104m	−£142m	−£192m
Gross profit	£23.8m	£30.7m	£38.6m
Operating profit	£2.5m	£4.7m	£6.9m
Profit before tax	£2.8m	£4.7m	£6.9m
Profit after tax	£890k	£2.9m	£4.6m
Profit (best available)	£890k	£2.9m	£4.6m
Employees (average)	—	—	—
Ratios
Profit margin	0.7%	1.7%	2%
Gross margin	18.6%	17.8%	16.7%
Growth (year on year)
Revenue growth	—	▲34.7%	▲33.9%
Profit growth	—	▲229.5%	▲56.6%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Jun 2025	Accounts · bulk data Jun 2025	Accounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 2%; Profit ÷ revenue.
Gross margin: 16.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; 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: —; Now —
Cash at bank: —; Now —
Headcount: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Shepherd and Wedderburn LLPultimate parent75–100%
Shepherd & Wedderburn (Nominees) Limited75–100%
Shepherd & Wedderburn (Trustees) Limited50–75%
Morris & Spottiswood Group Limited75–100%
Morris & Spottiswood Limitedthis company

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

Subsidiaries (7)

CRBN Solutions LimitedFigures not disclosed
Crosbie Developments LimitedFigures not disclosed
Inspire Spaces (Ff&e) LimitedFigures not disclosed
Livingston Building Services LimitedFigures not disclosed
Lled Construction LtdFigures not disclosed
Morris & Spottiswood Building Services LimitedFigures not disclosed
The McLennan Partnership Ltd.Figures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £4.6m), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.

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