How much does Southside Lettings (Scotland) Ltd make?

Southside Lettings (Scotland) Ltd reported revenue of £1.3m and £28.5k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

Is Southside Lettings (Scotland) Ltd profitable?

Yes — Southside Lettings (Scotland) Ltd reported a profit of £28.5k in the year to 31 Mar 2025.

Company No. SC286509 · Incorporated 22 Jun 2005

Southside Lettings (Scotland) Ltd

Registered name: SOUTHSIDE LETTINGS (SCOTLAND) LTD

Part of Southside Housing Association Limited group

Southside Lettings (Scotland) Ltd made £1.3m revenue and £28.5k profit in the year to 31 Mar 2025.

Southside Lettings (Scotland) Ltd’s revenue fell 68% to £1.3m in the year to 31 Mar 2025, with £28.5k profit. The company is classified under “renting and operating of housing association real estate” and is based in Glasgow; we hold 3 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68201Renting and operating of Housing Association real estate

Status: Active
Location: Glasgow, Scotland
Age: 21 yrs · since 2005
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 is a 100% owned subsidiary of Southside Housing Association Limited.”

Latest accounts · year to 31 Mar 2025

Key figures

Small teamCapital-light

Revenue

£1.3m

Growth ▼67.8%

Profit

£28.5k

Growth ▲131.3%

Profit margin

2.2%

Gross 11.3%

Employees

—

Change —

Profit / employee

—

Profitable streak

3yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&L
Profit & loss
Revenue (turnover)	£3.5m	£4m	£1.3m
Cost of sales	£3.1m	£3.6m	−£1.1m
Gross profit	£431k	£395k	£144k
Operating profit	£56.9k	£12.3k	£26.3k
Profit before tax	£58.4k	£12.3k	£28.5k
Profit after tax	£58.4k	£12.3k	£28.5k
Profit (best available)	£58.4k	£12.3k	£28.5k
Staff costs	£154k	£146k	—
Employees (average)	4	4	—
Ratios
Profit margin	1.7%	0.3%	2.2%
Gross margin	12.3%	10%	11.3%
Revenue per employee	£874k	£991k	—
Profit per employee	£14.6k	£3.1k	—
Growth (year on year)
Revenue growth	—	▲13.3%	▼67.8%
Profit growth	—	▼78.9%	▲131.3%
Headcount growth	—	0%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£906k	£680k	—
Net assets	£69.1k	£69.1k	—
Fixed assets	£21k	£7.3k	—
Current assets	£1.3m	£1.4m	—
Debtors	£441k	£728k	—
Deferred income	£371k	£407k	—
Source	FullAccounts · bulk data Dec 2024	FullAccounts · bulk data Dec 2024	Accounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: 2.2%; Profit ÷ revenue.
Gross margin: 11.3%; 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: —; Now —
Cash at bank: —; Now —
Headcount: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Southside Housing Association Limitedultimate parent75–100%
Southside Lettings (Scotland) Ltdthis 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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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2025 (profit £28.5k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 23 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.