Cardo (Scotland) Limited
Registered name: CARDO (SCOTLAND) LIMITED
Part of Bp Inv6 Topco Limited groupCardo (Scotland) Limited made £6m profit in the year to 28 Feb 2026 (revenue not disclosed).
Cardo (Scotland) Limited reported £6m profit in the year to 28 Feb 2026; its revenue was not disclosed. It had 22 employees. The company is classified under “activities of other holding companies” and is based in Livingston; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Livingston, Scotland
- Age
- 4 yrs · since 2021
- 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. From the filing: “The ultimate parent company is BP Inv6 New Topco Ltd, a company incorporated in Jersey. The ultimate controlling party is Buckthorn Partners by way of their shareholding in the ultimate parent.”
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 28 Feb 2025 | 28 Feb 2026 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Profit only | Profit only |
| Profit & loss | ||||
| Revenue (turnover) | — | — | — | — |
| Cost of sales | — | — | £2.5m | £10.2m |
| Profit before tax | — | — | £2.4m | £3m |
| Profit after tax | — | — | £0 | £6m |
| Profit (best available) | — | — | £0 | £6m |
| Staff costs | — | — | £0 | £798k |
| Employees (average) | 0 | 0 | 3 | 22 |
| Ratios | ||||
| Profit margin | — | — | — | — |
| Profit per employee | — | — | £0 | £271k |
| Growth (year on year) | ||||
| Headcount growth | — | — | — | ▲633.3% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | — | — | £0 | £1.1m |
| Net assets | £501k | £4.5m | £4.5m | £5.4m |
| Fixed assets | — | — | £1k | £12.1m |
| Current assets | — | — | £4.5m | £16.3m |
| Debtors | £500k | £4.5m | £0 | £1.3m |
| Deferred income | — | — | £0 | £813k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Sep 2026 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- £271k
- 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.
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
- ▲22%
- Now £5.4m
- Cash at bank
- —
- Now £1.1m
- Headcount
- ▲633%
- Now 22
- Deferred income
- —
- Now £813k
- Fixed assets
- ▲1210228%
- Now £12.1m
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
- Bp Inv6 Topco Limited (registered outside the UK register)ultimate parent75–100%
- BP INV6 Bidco Limited75–100%
- Cardo Group Limited75–100%
- Cardo (Scotland) Holdings Limited75–100%
- Cardo (Scotland) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Heatcare Oil and Gas LimitedRev. £10.8m · Profit £2m
Sister companies (1)
- Rodgers & Johnston Ltd.Figures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 28 Feb 2026 (profit £6m), 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.