How much does Skerryvore Ltd. make?

Skerryvore Ltd. reported revenue of £3.6m and a loss of £1.4m in the year to 28 Feb 2022, according to its accounts filed at Companies House.

How many employees does Skerryvore Ltd. have?

Skerryvore Ltd. reported an average of 115 employees in the year to 28 Feb 2022.

Is Skerryvore Ltd. profitable?

No — Skerryvore Ltd. reported a loss of £1.4m in the year to 28 Feb 2022.

Company No. SC198826 · Incorporated 11 Aug 1999

Skerryvore Ltd.

Registered name: SKERRYVORE LTD.

Part of Scotsman Holdings PLC group

Skerryvore Ltd. made £3.6m revenue and a £1.4m loss in the year to 28 Feb 2022.

Skerryvore Ltd.’s revenue grew 448% to £3.6m in the year to 28 Feb 2022, with a loss of £1.4m and 115 employees. The company is classified under “licensed restaurants” and is based in Glasgow; we hold 2 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 56101Licensed restaurants SIC 56302Public houses and bars

Status: Active
Location: Glasgow, Scotland
Age: 27 yrs · since 1999
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 28 Feb 2022

Key figures

Cash flow filed

Revenue

£3.6m

Growth ▲447.6%

Profit

−£1.4m

Growth —

Profit margin

−40.1%

Gross 72.3%

Employees

115

Change ▲16.2%

Profit / employee

−£12.5k

Revenue/employee £31.2k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	28 Feb 2021	28 Feb 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£655k	£3.6m
Cost of sales	£206k	£994k
Gross profit	£449k	£2.6m
Operating profit	−£332k	−£1.6m
Profit before tax	−£536k	−£1.8m
Profit after tax	−£519k	−£1.4m
Profit (best available)	−£519k	−£1.4m
Employees (average)	99	115
Ratios
Profit margin	−79.2%	−40.1%
Gross margin	68.6%	72.3%
Revenue per employee	£6.6k	£31.2k
Profit per employee	−£5.2k	−£12.5k
Growth (year on year)
Revenue growth	—	▲447.6%
Headcount growth	—	▲16.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£30.9k	£862k
Net assets	£3.7m	£2.9m
Fixed assets	£8m	£8.2m
Current assets	£2.1m	£1m
Debtors	£2.6k	£17.1k
Deferred income	£519k	£486k
Cash from operations	−£303k	£1.1m
Source	Accounts · bulk data Jan 2024	Accounts · bulk data Jan 2024

Derived from the latest filing

How the business works

Profit margin: −40.1%; Profit ÷ revenue.
Gross margin: 72.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £31.2k; Revenue ÷ average employees.
Profit per employee: −£12.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 228.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 13.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.5%; 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: ▼21%; Now £2.9m
Cash at bank: ▲2694%; Now £862k
Headcount: ▲16%; Now 115
Deferred income: ▼6%; Now £486k
Fixed assets: ▲3%; Now £8.2m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Scotsman Holdings PLCultimate parent75–100%
Scotsman Group PLC75–100%
Scotsman Hospitality Limited75–100%
Skerryvore Ltd.this 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).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 28 Feb 2022 (profit −£1.4m), from the Companies House accounts bulk data published Jan 2024. 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.