How much does First Scottish Group Limited make?

First Scottish Group Limited reported revenue of £0 and £2.6m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does First Scottish Group Limited have?

First Scottish Group Limited reported an average of 0 employees in the year to 31 Dec 2025.

Is First Scottish Group Limited profitable?

Yes — First Scottish Group Limited reported a profit of £2.6m in the year to 31 Dec 2025.

Company No. SC204657 · Incorporated 7 Mar 2000

First Scottish Group Limited

Registered name: FIRST SCOTTISH GROUP LIMITED

Part of Tic Bidco Limited group

First Scottish Group Limited made £0 revenue and £2.6m profit in the year to 31 Dec 2025. read from filing text

First Scottish Group Limited’s revenue was £0 in the year to 31 Dec 2025, with £2.6m profit and 0 employees. The company is classified under “other business support service activities” and is based in ST Davids Drive; we hold 4 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: ST Davids Drive, Scotland
Age: 26 yrs · since 2000
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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: “During the two years ended 31 December 2025 the ultimate parent company was TIC Holdco Limited, a company registered in England. The ultimate controlling party was Peter Dubens, by virtue of his share”

Latest accounts · year to 31 Dec 2025

Key figures

Small teamCash flow filed

Revenue

£0

Growth —

Profit

£2.6m

Growth ▼1.6%

Profit margin

—

Employees

Change —

Profit / employee

—

Profitable streak

3yrs

Consecutive profitable years in our data

Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	No P&L	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	£0	£0	£0
Operating profit	—	−£253k	−£191k	−£132k
Profit before tax	—	£2m	£2.7m	£2.6m
Profit after tax	—	£2m	£2.7m	£2.6m
Profit (best available)	—	£2m	£2.7m	£2.6m
Employees (average)	0	0	0	0
Ratios
Profit margin	—	—	—	—
Growth (year on year)
Profit growth	—	—	▲33.3%	▼1.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.3k	£2k	£4.6k	£4.6k
Net assets	£64k	£60.7k	£166k	£158k
Current assets	—	£2k	£93.3k	£4.6k
Debtors	—	£0	£88.7k	£0
Deferred income	—	£4.3k	£3k	£5.5k
Cash from operations	—	£250k	£294k	£123k
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: —; 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.

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: ▼5%; Now £158k
Cash at bank: 0%; Now £4.6k
Headcount: —; Now 0
Deferred income: ▲83%; Now £5.5k
Fixed assets: —; Now —

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

Tic Bidco Limitedultimate parent75–100%
Puma Topco Limited75–100%
Puma Bidco Limited75–100%
Phenna Group Topco Limited75–100%
Phenna Group Midco 1 Limited75–100%
Phenna Group Midco 2 Limited75–100%
Phenna Group Holdings Limited75–100%
FS Topco Limited75–100%
FS Midco Limited75–100%
FS Bidco Limited75–100%
First Scottish Group Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

First Scottish Document Management 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 FullAccounts for the year to 31 Dec 2025 (profit £2.6m), from the Companies House accounts bulk data published May 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.