Morris & Spottiswood Group Limited
Registered name: MORRIS & SPOTTISWOOD GROUP LIMITED
Part of Shepherd and Wedderburn LLP groupMorris & Spottiswood Group Limited made £231m revenue and £4.6m profit in the year to 31 Dec 2025.
Morris & Spottiswood Group Limited’s revenue grew 34% to £231m in the year to 31 Dec 2025, with £4.6m profit. The company is classified under “activities of construction holding companies” and is based in Glasgow; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 2 yrs · since 2024
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £128m | £173m | £231m |
| Cost of sales | −£104m | −£142m | −£192m |
| Gross profit | £23.8m | £30.7m | £38.6m |
| Operating profit | £2.5m | £4.7m | £6.9m |
| Profit before tax | £2.8m | £4.7m | £6.9m |
| Profit after tax | £890k | £2.9m | £4.6m |
| Profit (best available) | £890k | £2.9m | £4.6m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | 0.7% | 1.7% | 2% |
| Gross margin | 18.6% | 17.8% | 16.7% |
| Growth (year on year) | |||
| Revenue growth | — | ▲34.7% | ▲33.9% |
| Profit growth | — | ▲229.5% | ▲56.6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jun 2025 | Accounts · bulk data Jun 2025 | Accounts · bulk data Jul 2026 |
How the business works
- Profit margin
- 2%
- Profit ÷ revenue.
- Gross margin
- 16.7%
- 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.
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 —
Group structure
Ownership chain
- Shepherd and Wedderburn LLPultimate parent75–100%
- Shepherd & Wedderburn (Nominees) Limited75–100%
- Shepherd & Wedderburn (Trustees) Limited50–75%
- Morris & Spottiswood Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Morris & Spottiswood LimitedRev. £231m · Profit £4.6m
Sister companies (3)
- GlenallaFigures not disclosed
- GlentidalyFigures not disclosed
- Katanes Investments LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £4.6m), from the Companies House accounts bulk data published Jul 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.