Bakkafrost Scotland Limited
Registered name: BAKKAFROST SCOTLAND LIMITED
Part of P/F Bakkafrost groupBakkafrost Scotland Limited made £237m revenue and a £23.5m loss in the year to 31 Dec 2024.
Bakkafrost Scotland Limited’s revenue grew 27% to £237m in the year to 31 Dec 2024, with a loss of £23.5m. The company is classified under “marine aquaculture” and is based in Edinburgh; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Edinburgh, 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Profit only | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £187m | £237m |
| Operating profit | — | −£19m | −£6m |
| Profit before tax | −£35.7m | −£35.5m | −£23.8m |
| Profit after tax | −£31.4m | −£47.5m | −£23.5m |
| Profit (best available) | −£31.4m | −£47.5m | −£23.5m |
| Staff costs | £26.3m | £25.3m | — |
| Employees (average) | 630 | 569 | — |
| Ratios | |||
| Profit margin | — | −25.4% | −9.9% |
| Revenue per employee | — | £329k | — |
| Profit per employee | −£49.9k | −£83.4k | — |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲26.8% |
| Headcount growth | — | ▼9.7% | — |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £90k | £106k | — |
| Net assets | £21.8m | £34.8m | — |
| Fixed assets | £158m | £190m | — |
| Current assets | £153m | £153m | — |
| Debtors | £15.6m | £6.1m | — |
| Deferred income | £2m | £2m | — |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | Accounts · bulk data Oct 2025 |
How the business works
- Profit margin
- −9.9%
- Profit ÷ revenue.
- Gross margin
- —
- 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.
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 —
Group structure
Ownership chain
- P/F Bakkafrost (registered outside the UK register)ultimate parent75–100%
- Bakkafrost Scotland 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).
Similar profitable businesses
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit −£23.5m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.
Updated from Companies House on 14 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.