How much does Smith & McLaurin Limited make?

Smith & McLaurin Limited reported revenue of £18.2m and a loss of £708k in the year to 31 Oct 2025, according to its accounts filed at Companies House.

How many employees does Smith & McLaurin Limited have?

Smith & McLaurin Limited reported an average of 69 employees in the year to 31 Oct 2025.

Is Smith & McLaurin Limited profitable?

No — Smith & McLaurin Limited reported a loss of £708k in the year to 31 Oct 2025.

Company No. SC229817 · Incorporated 2 Apr 2002

Smith & McLaurin Limited

Registered name: SMITH & MCLAURIN LIMITED

Part of Sc303517 group

Smith & McLaurin Limited made £18.2m revenue and a £708k loss in the year to 31 Oct 2025. read from filing text

Smith & McLaurin Limited’s revenue fell 13% to £18.2m in the year to 31 Oct 2025, with a loss of £708k and 69 employees. The company is classified under “manufacture of paper and paperboard” and is based in Johnstone; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 17120Manufacture of paper and paperboard

Status: Active
Location: Johnstone, Scotland
Age: 24 yrs · since 2002
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: “The company was under the control of the holders of the ordinary share capital in the ultimate parent company Smith & McLaurin Holdings Limited, throughout the current and prior period. The immediate ”

Latest accounts · year to 31 Oct 2025

Key figures

Capital-light

Revenue

£18.2m

Growth ▼13.4%

Profit

−£708k

Growth ▼194.5%

Profit margin

−3.9%

Gross 27.8%

Employees

Change ▼8%

Profit / employee

−£10.3k

Revenue/employee £263k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	28 Oct 2022	27 Oct 2023	1 Nov 2024	31 Oct 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)	£25m	£20.9m	£21m	£18.2m
Cost of sales	£17.7m	£15.3m	£14.6m	£13.1m
Gross profit	£7.3m	£5.6m	£6.4m	£5.1m
Operating profit	£2.6m	£891k	£912k	−£679k
Profit before tax	£2.5m	£713k	£751k	−£824k
Profit after tax	£2.1m	£530k	£749k	−£708k
Profit (best available)	£2.1m	£530k	£749k	−£708k
Staff costs	£3.2m	£2.8m	£3.4m	£3.4m
Employees (average)	83	78	75	69
Ratios
Profit margin	8.4%	2.5%	3.6%	−3.9%
Gross margin	29.3%	26.9%	30.4%	27.8%
Revenue per employee	£302k	£268k	£280k	£263k
Profit per employee	£25.3k	£6.8k	£10k	−£10.3k
Growth (year on year)
Revenue growth	—	▼16.4%	▲0.4%	▼13.4%
Profit growth	—	▼74.7%	▲41.3%	▼194.5%
Headcount growth	—	▼6%	▼3.9%	▼8%
Balance sheet — indirect signals, not revenue
Cash at bank	£51.6k	£50k	£317k	£321k
Net assets	£6.3m	£6.5m	£7.2m	£4.8m
Fixed assets	£800k	£925k	£953k	£855k
Current assets	£13.8m	£11.7m	£11.9m	£10.7m
Debtors	£5m	£4m	£3.7m	£4m
Deferred income	£374k	£266k	£231k	£259k
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: −3.9%; Profit ÷ revenue.
Gross margin: 27.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £263k; Revenue ÷ average employees.
Profit per employee: −£10.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 4.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 22%; 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: ▼33%; Now £4.8m
Cash at bank: ▲2%; Now £321k
Headcount: ▼8%; Now 69
Deferred income: ▲12%; Now £259k
Fixed assets: ▼10%; Now £855k

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

Sc303517 (registered outside the UK register)ultimate parent75–100%
Smith & McLaurin 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).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2025 (profit −£708k), from the Companies House accounts bulk data published Jul 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.