T. & N. Gilmartin (Contractors) Limited
Registered name: T. & N. GILMARTIN (CONTRACTORS) LIMITED
Part of T. & N. Gilmartin (Contractors) Eot Trustee Limited groupT. & N. Gilmartin (Contractors) Limited made £8.2m revenue and £1.1m profit in the year to 30 Apr 2025. read from filing text
T. & N. Gilmartin (Contractors) Limited’s revenue fell 10% to £8.2m in the year to 30 Apr 2025, with £1.1m profit and 85 employees. The company is classified under “construction of other civil engineering projects” and is based in Cupar; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Cupar, Scotland
- Age
- 39 yrs · since 1987
- 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. From the filing: “T & N Gilmartin Trading Limited (incorporated in Scotland) is regarded by the directors as being the company's ultimate parent company.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2022 | 30 Apr 2023 | 30 Apr 2024 | 30 Apr 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £7.4m | £8.6m | £9.2m | £8.2m |
| Cost of sales | £6.5m | £7.1m | £7.6m | £6.1m |
| Gross profit | £909k | £1.5m | £1.6m | £2.1m |
| Operating profit | £371k | £1.1m | £1.1m | £1.5m |
| Profit before tax | £377k | £1.1m | £1.2m | £1.5m |
| Profit after tax | £263k | £927k | £902k | £1.1m |
| Profit (best available) | £263k | £927k | £902k | £1.1m |
| Staff costs | £3.1m | £3.2m | £3.5m | £3.4m |
| Employees (average) | 84 | 89 | 94 | 85 |
| Ratios | ||||
| Profit margin | 3.5% | 10.7% | 9.8% | 13.8% |
| Gross margin | 12.3% | 17.8% | 17.5% | 25.3% |
| Revenue per employee | £88.1k | £97k | £97.4k | £96.7k |
| Profit per employee | £3.1k | £10.4k | £9.6k | £13.3k |
| Cash conversion | −237.9% | −81.8% | −141.2% | −133.2% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲16.8% | ▲6% | ▼10.2% |
| Profit growth | — | ▲252.9% | ▼2.7% | ▲25.8% |
| Headcount growth | — | ▲5.9% | ▲5.6% | ▼9.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £3.7m | £4.3m | £5.1m | £2.2m |
| Net assets | £5.4m | £6.1m | £6.8m | £3.5m |
| Fixed assets | £1.6m | £1.6m | £1.8m | £1.7m |
| Current assets | £4.9m | £5.8m | £6.5m | £3.4m |
| Debtors | £866k | £1.1m | £1.2m | £902k |
| Deferred income | £182k | £224k | £209k | £253k |
| Cash from operations | −£884k | −£919k | −£1.6m | −£2m |
| Source | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2025 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 13.8%
- Profit ÷ revenue.
- Gross margin
- 25.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £96.7k
- Revenue ÷ average employees.
- Profit per employee
- £13.3k
- Profit ÷ average employees.
- Cash conversion
- −133.2%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 20.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 11%
- 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
- ▼49%
- Now £3.5m
- Cash at bank
- ▼57%
- Now £2.2m
- Headcount
- ▼10%
- Now 85
- Deferred income
- ▲21%
- Now £253k
- Fixed assets
- ▼4%
- Now £1.7m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- T. & N. Gilmartin (Contractors) Eot Trustee Limitedultimate parent75–100%
- T. & N. Gilmartin Trading Ltd.75–100%
- T. & N. Gilmartin (Contractors) 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).
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Sources
Latest figures from FullAccounts for the year to 30 Apr 2025 (profit £1.1m), from the Companies House accounts bulk data published Jan 2026. 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.