Macduff Shipyards Limited
Registered name: MACDUFF SHIPYARDS LIMITED
Macduff Shipyards Limited made £30.4m revenue and £1.7m profit in the year to 28 Feb 2026. read from filing text
Macduff Shipyards Limited’s revenue grew 8% to £30.4m in the year to 28 Feb 2026, with £1.7m profit and 215 employees. The company is classified under “building of ships and floating structures”; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Scotland
- Age
- 49 yrs · since 1977
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Feb 2022 | 28 Feb 2023 | 29 Feb 2024 | 28 Feb 2025 | 28 Feb 2026 |
|---|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||||
| Revenue (turnover) | £29.5m | £28.9m | £29.1m | £28.1m | £30.4m |
| Cost of sales | £25.6m | £23.8m | £24.1m | £22.6m | £25.1m |
| Gross profit | £4m | £5.1m | £4.9m | £5.5m | £5.3m |
| Operating profit | £1.8m | £2.5m | £2.3m | £3m | £2m |
| Profit before tax | £1.7m | £2.6m | £2.7m | £3.5m | £2.3m |
| Profit after tax | £1.1m | £2.1m | £2m | £2.6m | £1.7m |
| Profit (best available) | £1.1m | £2.1m | £2m | £2.6m | £1.7m |
| Staff costs | £9.2m | £10.2m | £10.3m | £10.5m | £11.3m |
| Employees (average) | 214 | 220 | 216 | 212 | 215 |
| Ratios | |||||
| Profit margin | 3.8% | 7.2% | 7% | 9.2% | 5.6% |
| Gross margin | 13.5% | 17.7% | 17% | 19.6% | 17.4% |
| Revenue per employee | £138k | £131k | £135k | £133k | £141k |
| Profit per employee | £5.2k | £9.4k | £9.4k | £12.2k | £8k |
| Cash conversion | −172.8% | −99% | −22.8% | −65.1% | −85.9% |
| Growth (year on year) | |||||
| Revenue growth | — | ▼2.2% | ▲0.6% | ▼3.4% | ▲8.2% |
| Profit growth | — | ▲87.2% | ▼2% | ▲26.9% | ▼33.6% |
| Headcount growth | — | ▲2.8% | ▼1.8% | ▼1.8% | ▲1.4% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £7m | £7.9m | £8m | £9.9m | £11m |
| Net assets | £16.8m | £18.8m | £20.8m | £23.3m | £24.9m |
| Fixed assets | £8.8m | £10.3m | £11.1m | £11.4m | £11.8m |
| Current assets | £15.3m | £17.6m | £19.7m | £22.9m | £23.3m |
| Debtors | £3.9m | £4.5m | £6.5m | £7.3m | £6.3m |
| Deferred income | £824k | £1m | £965k | £808k | £835k |
| Cash from operations | −£3m | −£2.5m | −£533k | −£2m | −£1.7m |
| Source | Accounts · bulk data Nov 2023 | Accounts · bulk data Nov 2023 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Oct 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 5.6%
- Profit ÷ revenue.
- Gross margin
- 17.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £141k
- Revenue ÷ average employees.
- Profit per employee
- £8k
- Profit ÷ average employees.
- Cash conversion
- −85.9%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 38.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 20.7%
- Money owed by customers. Low = customers pay quickly.
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
- ▲7%
- Now £24.9m
- Cash at bank
- ▲12%
- Now £11m
- Headcount
- ▲1%
- Now 215
- Deferred income
- ▲3%
- Now £835k
- Fixed assets
- ▲3%
- Now £11.8m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Similar profitable businesses
- UK Docks Marine Services North LimitedSouth Shields · Building of ships and floating structures
- Revenue
- £38.8m
- Profit
- £4m
- Staff
- 45
- Wight Shipyard Company LimitedFareham · Building of ships and floating structures
- Revenue
- £20.2m
- Profit
- £259k
- Staff
- 122
- Parkol Marine Engineering LtdWhitby · Building of ships and floating structures
- Revenue
- £13.7m
- Profit
- £737k
- Staff
- 55
- UK Docks Marine Services Teesside LimitedSouth Shields · Building of ships and floating structures
- Revenue
- £13.6m
- Profit
- £2.1m
- Staff
- 37
Sources
Latest figures from FullAccounts for the year to 28 Feb 2026 (profit £1.7m), from the Companies House accounts bulk data published Sep 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.