Robert Cullen Limited
Registered name: ROBERT CULLEN LIMITED
Part of Robert Cullen Holdings Limited groupRobert Cullen Limited made £26.6m revenue and £3.3m profit in the year to 31 Dec 2025. read from filing text
Robert Cullen Limited’s revenue fell 7% to £26.6m in the year to 31 Dec 2025, with £3.3m profit and 166 employees. The company is classified under “manufacture of pulp” and is based in Glasgow; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 17 yrs · since 2009
- 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 wholly owned subsidiary of Robert Cullen Holdings Limited. The ultimate controlling party of Robert Cullen Holdings Limited is D R MacDonald.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 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) | £29.2m | £29.3m | £28.7m | £26.6m |
| Cost of sales | £19.7m | £19.1m | £18.1m | £17.4m |
| Gross profit | £9.5m | £10.1m | £10.6m | £9.2m |
| Operating profit | £5.4m | £5.9m | £6m | £4.5m |
| Profit before tax | £5.2m | £5.8m | £6m | £4.4m |
| Profit after tax | £4.1m | £4.6m | £4.5m | £3.3m |
| Profit (best available) | £4.1m | £4.6m | £4.5m | £3.3m |
| Staff costs | £5.7m | £6.3m | £6.8m | £7.1m |
| Employees (average) | 158 | 164 | 165 | 166 |
| Ratios | ||||
| Profit margin | 13.9% | 15.7% | 15.6% | 12.3% |
| Gross margin | 32.6% | 34.7% | 36.8% | 34.6% |
| Revenue per employee | £185k | £178k | £174k | £160k |
| Profit per employee | £25.7k | £27.9k | £27.1k | £19.7k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲0.1% | ▼2% | ▼7.1% |
| Profit growth | — | ▲12.8% | ▼2.5% | ▼26.8% |
| Headcount growth | — | ▲3.8% | ▲0.6% | ▲0.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £3.3m | £6.5m | £4.5m | £4.3m |
| Net assets | £9.3m | £11.9m | £11.4m | £10.6m |
| Fixed assets | £7.3m | £7.9m | £8.6m | £8.6m |
| Current assets | £10.6m | £13.7m | £11.2m | £10.6m |
| Debtors | £5.7m | £5.1m | £5.2m | £4.7m |
| Deferred income | £137k | £330k | £352k | £213k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 12.3%
- Profit ÷ revenue.
- Gross margin
- 34.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £160k
- Revenue ÷ average employees.
- Profit per employee
- £19.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 32.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17.8%
- Money owed by customers. Low = customers pay quickly.
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
- ▼7%
- Now £10.6m
- Cash at bank
- ▼5%
- Now £4.3m
- Headcount
- ▲1%
- Now 166
- Deferred income
- ▼39%
- Now £213k
- Fixed assets
- ▼1%
- Now £8.6m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Robert Cullen Holdings Limitedultimate parent75–100%
- Robert Cullen 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).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £3.3m), from the Companies House accounts bulk data published Sep 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.