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Company No. SC553807 · Incorporated 5 Jan 2017

Saltire Connect Limited

Registered name: SALTIRE CONNECT LIMITED

Part of Skyrora Ventures Limited group

Saltire Connect Limited made £19m revenue and £3.7m profit in the year to 31 Dec 2024.

Saltire Connect Limited’s revenue fell 26% to £19m in the year to 31 Dec 2024, with £3.7m profit and 1 employee. The company is classified under “other information technology service activities” and is based in Edinburgh; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62090Other information technology service activities
Status
Active
Location
Edinburgh, Scotland
Age
9 yrs · since 2017
Type
Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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 Dec 2024

Key figures

Small team
Revenue
£19m
Growth ▼25.8%
Profit
£3.7m
Growth ▼35.3%
Profit margin
19.5%
Gross 22.3%
Employees
1
Change 0%
Profit / employee
£3.7m
Revenue/employee £19m
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 to31 Dec 202331 Dec 2024
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£25.7m£19m
Cost of sales£19.5m£14.8m
Gross profit£6.1m£4.2m
Operating profit£5.7m£3.7m
Profit before tax£5.7m£3.7m
Profit after tax£5.7m£3.7m
Profit (best available)£5.7m£3.7m
Employees (average)11
Ratios
Profit margin22.4%19.5%
Gross margin24%22.3%
Revenue per employee£25.7m£19m
Profit per employee£5.7m£3.7m
Growth (year on year)
Revenue growth—▼25.8%
Profit growth—▼35.3%
Headcount growth—0%
Balance sheet — indirect signals, not revenue
Cash at bank£4.8m£752k
Net assets£6.1m£4.2m
Current assets£7.1m£5.2m
Debtors£2.3m£1.4m
Deferred income£813k£698k
SourceFullAccounts · bulk data Nov 2025FullAccounts · bulk data Nov 2025
Derived from the latest filing

How the business works

Profit margin
19.5%
Profit ÷ revenue.
Gross margin
22.3%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£19m
Revenue ÷ average employees.
Profit per employee
£3.7m
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
3.7%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
7.3%
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
▼31%
Now £4.2m
Cash at bank
▼84%
Now £752k
Headcount
0%
Now 1
Deferred income
▼14%
Now £698k
Fixed assets
—
Now —

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

  1. Skyrora Ventures Limitedultimate parent75–100%
  2. Saltire Connect Limitedthis company

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

Sister companies (9)

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 Dec 2024 (profit £3.7m), from the Companies House accounts bulk data published Nov 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.