How much does North Offshore Limited make?

North Offshore Limited reported revenue of £15.2m and £2.2m profit in the year to 31 Oct 2025, according to its accounts filed at Companies House.

How many employees does North Offshore Limited have?

North Offshore Limited reported an average of 77 employees in the year to 31 Oct 2025.

Is North Offshore Limited profitable?

Yes — North Offshore Limited reported a profit of £2.2m in the year to 31 Oct 2025.

Company No. SC328499 · Incorporated 30 Jul 2007

North Offshore Limited

Registered name: NORTH OFFSHORE LIMITED

Part of North Group Eot Trustee Company Limited group

North Offshore Limited made £15.2m revenue and £2.2m profit in the year to 31 Oct 2025.

North Offshore Limited’s revenue fell 16% to £15.2m in the year to 31 Oct 2025, with £2.2m profit and 77 employees. The company is classified under “other business support service activities” and is based in Altens; 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: Altens, Scotland
Age: 19 yrs · since 2007
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 31 Oct 2025

Key figures

Capital-light

Revenue

£15.2m

Growth ▼15.6%

Profit

£2.2m

Growth ▼4.3%

Profit margin

14.2%

Gross 30.9%

Employees

Change ▲2.7%

Profit / employee

£28k

Revenue/employee £197k

Profitable streak

4yrs

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	31 Oct 2022	31 Oct 2023	31 Oct 2024	31 Oct 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£9.2m	£13.5m	£18m	£15.2m
Cost of sales	£7m	£10.5m	£13.4m	£10.5m
Gross profit	£2.2m	£3m	£4.6m	£4.7m
Operating profit	£587k	£1.3m	£2.7m	£2.6m
Profit before tax	£590k	£1.2m	£2.8m	£2.6m
Profit after tax	£518k	£957k	£2.3m	£2.2m
Profit (best available)	£518k	£957k	£2.3m	£2.2m
Staff costs	£2.3m	£2.7m	£3.2m	£3.6m
Employees (average)	65	70	75	77
Ratios
Profit margin	5.6%	7.1%	12.5%	14.2%
Gross margin	24.1%	22.4%	25.4%	30.9%
Revenue per employee	£142k	£193k	£240k	£197k
Profit per employee	£8k	£13.7k	£30k	£28k
Growth (year on year)
Revenue growth	—	▲46%	▲33.4%	▼15.6%
Profit growth	—	▲84.8%	▲135.4%	▼4.3%
Headcount growth	—	▲7.7%	▲7.1%	▲2.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.5m	£5.6m	£3.1m	£2.7m
Net assets	£5.2m	£6.1m	£2.6m	£4.7m
Fixed assets	£337k	£200k	£132k	£103k
Current assets	£7.3m	£10.2m	£8.2m	£8m
Debtors	£1.4m	£2.4m	£2.8m	£1.3m
Deferred income	£676k	£890k	£1.6m	—
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: 14.2%; Profit ÷ revenue.
Gross margin: 30.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £197k; Revenue ÷ average employees.
Profit per employee: £28k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.4%; 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: ▲84%; Now £4.7m
Cash at bank: ▼12%; Now £2.7m
Headcount: ▲3%; Now 77
Deferred income: —; Now —
Fixed assets: ▼22%; Now £103k

Corporate ownership

Group structure

Ownership chain

North Group Eot Trustee Company Limitedultimate parent75–100%
North Group Holdings Limited75–100%
North Group Limited75–100%
North Offshore 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).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2025 (profit £2.2m), 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.