How much does Tulloch Developments Limited make?

Tulloch Developments Limited reported revenue of £8.6m and £1.7m profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Tulloch Developments Limited have?

Tulloch Developments Limited reported an average of 33 employees in the year to 31 Mar 2025.

Is Tulloch Developments Limited profitable?

Yes — Tulloch Developments Limited reported a profit of £1.7m in the year to 31 Mar 2025.

Company No. SC271815 · Incorporated 10 Aug 2004

Tulloch Developments Limited

Registered name: TULLOCH DEVELOPMENTS LIMITED

Part of SSL Shetland Ltd group

Tulloch Developments Limited made £8.6m revenue and £1.7m profit in the year to 31 Mar 2025. read from filing text

Tulloch Developments Limited’s revenue fell 26% to £8.6m in the year to 31 Mar 2025, with £1.7m profit and 33 employees. The company is classified under “development of building projects” and is based in Shetland; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects SIC 71129Other engineering activities

Status: Active
Location: Shetland, Scotland
Age: 22 yrs · since 2004
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's immediate parent company is Tulloch and Smith Holdings Ltd, with its registered office at: Gremista, Lerwick, Shetland, ZE1 0PX.”

Latest accounts · year to 31 Mar 2025

Key figures

Revenue

£8.6m

Growth ▼25.7%

Profit

£1.7m

Growth ▼43.9%

Profit margin

19.9%

Gross 47.9%

Employees

Change ▼23.3%

Profit / employee

£52k

Revenue/employee £261k

Profitable streak

2yrs

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	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£11.6m	£8.6m
Cost of sales	£5.1m	£4.5m
Gross profit	£6.5m	£4.1m
Operating profit	£3.9m	£2.1m
Profit before tax	£4.1m	£2.3m
Profit after tax	£3.1m	£1.7m
Profit (best available)	£3.1m	£1.7m
Staff costs	£2.2m	£2m
Employees (average)	43	33
Ratios
Profit margin	26.3%	19.9%
Gross margin	56%	47.9%
Revenue per employee	£270k	£261k
Profit per employee	£71.1k	£52k
Growth (year on year)
Revenue growth	—	▼25.7%
Profit growth	—	▼43.9%
Headcount growth	—	▼23.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£7.7m	£4.3m
Net assets	£14.3m	£9.1m
Fixed assets	£5.4m	£3.2m
Current assets	£11.8m	£7.6m
Debtors	£874k	£695k
Deferred income	£352	£264
Source	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 19.9%; Profit ÷ revenue.
Gross margin: 47.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £261k; Revenue ÷ average employees.
Profit per employee: £52k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 36.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.1%; 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: ▼36%; Now £9.1m
Cash at bank: ▼44%; Now £4.3m
Headcount: ▼23%; Now 33
Deferred income: ▼25%; Now £264
Fixed assets: ▼42%; Now £3.2m

Corporate ownership

Group structure

Ownership chain

SSL Shetland Ltdultimate parent75–100%
Tulloch and Smith Holdings Ltd75–100%
Tulloch Developments Limitedthis company

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

Sister companies (1)

A. Jarmson (Shetland) Ltd.Figures not disclosed

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 Mar 2025 (profit £1.7m), from the Companies House accounts bulk data published Dec 2025. 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.