How much does Forsyths Limited make?

Forsyths Limited reported revenue of £99.2m and £18.8m profit in the year to 31 Oct 2025, according to its accounts filed at Companies House.

Is Forsyths Limited profitable?

Yes — Forsyths Limited reported a profit of £18.8m in the year to 31 Oct 2025.

Company No. SC062416 · Incorporated 30 May 1977

Forsyths Limited

Registered name: FORSYTHS LIMITED

Forsyths Limited made £99.2m revenue and £18.8m profit in the year to 31 Oct 2025.

Forsyths Limited’s revenue fell 1% to £99.2m in the year to 31 Oct 2025, with £18.8m profit. The company is classified under “manufacture of metal structures and parts of structures” and is based in Aberlour; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25110Manufacture of metal structures and parts of structures

Status: Active
Location: Aberlour, Scotland
Age: 49 yrs · since 1977
Type: Private Limited Company

Latest accounts · year to 31 Oct 2025

Key figures

Independent

Revenue

£99.2m

Growth ▼1.5%

Profit

£18.8m

Growth ▲102.9%

Profit margin

19%

Gross 34.9%

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 Oct 2023	31 Oct 2024	31 Oct 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£73.4m	£101m	£99.2m
Cost of sales	−£56.2m	−£75.4m	−£64.6m
Gross profit	£17.2m	£25.4m	£34.6m
Operating profit	£7.4m	£12.9m	£20.8m
Profit before tax	£9m	£13.7m	£23.7m
Profit after tax	£6.6m	£9.3m	£18.8m
Profit (best available)	£6.6m	£9.3m	£18.8m
Employees (average)	—	—	—
Ratios
Profit margin	9%	9.2%	19%
Gross margin	23.4%	25.2%	34.9%
Growth (year on year)
Revenue growth	—	▲37.2%	▼1.5%
Profit growth	—	▲41.1%	▲102.9%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Aug 2025	Accounts · bulk data Aug 2025	Accounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 19%; Profit ÷ revenue.
Gross margin: 34.9%; 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

Subsidiaries (10)

Allen Associates Holdings LimitedFigures not disclosed
Caledonia Casks LimitedFigures not disclosed
Forblast LimitedFigures not disclosed
Grant & Anderson LimitedFigures not disclosed
Grants (Dufftown) LimitedFigures not disclosed
GSF Group LimitedFigures not disclosed
Joseph Brown Vats of Dufftown LimitedFigures not disclosed
McKerron & Milne LimitedFigures not disclosed
Northern Fabricators LimitedFigures not disclosed
Spey Properties LimitedFigures 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 Oct 2025 (profit £18.8m), 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.