How much does Pelagia Shetland Limited make?

Pelagia Shetland Limited reported revenue of £86m and £6m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Pelagia Shetland Limited have?

Pelagia Shetland Limited reported an average of 60 employees in the year to 31 Dec 2025.

Is Pelagia Shetland Limited profitable?

Yes — Pelagia Shetland Limited reported a profit of £6m in the year to 31 Dec 2025.

Company No. SC094953 · Incorporated 4 Sep 1985

Pelagia Shetland Limited

Registered name: PELAGIA SHETLAND LIMITED

Pelagia Shetland Limited made £86m revenue and £6m profit in the year to 31 Dec 2025. read from filing text

Pelagia Shetland Limited’s revenue grew 6% to £86m in the year to 31 Dec 2025, with £6m profit and 60 employees. The company is classified under “processing and preserving of fish, crustaceans and molluscs” and is based in Lerwick; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 10200Processing and preserving of fish, crustaceans and molluscs

Status: Active
Location: Lerwick, Scotland
Age: 41 yrs · since 1985
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 subsidiary undertaking of Pelagia AS, a company incorporated in Norway. The consolidated accounts of this company are available to the public and may be obtained from The Brønnøysund ”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightOperating leverage

Revenue

£86m

Growth ▲6.4%

Profit

£6m

Growth ▲84.9%

Profit margin

Gross 19.9%

Employees

Change 0%

Profit / employee

£101k

Revenue/employee £1.4m

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 to	31 Dec 2024	31 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£80.8m	£86m
Cost of sales	£64.3m	£68.9m
Gross profit	£16.5m	£17.1m
Operating profit	£4.3m	£7.5m
Profit before tax	£4.4m	£8.1m
Profit after tax	£3.3m	£6m
Profit (best available)	£3.3m	£6m
Staff costs	£3.2m	£3.5m
Employees (average)	60	60
Ratios
Profit margin	4%	7%
Gross margin	20.4%	19.9%
Revenue per employee	£1.3m	£1.4m
Profit per employee	£54.4k	£101k
Growth (year on year)
Revenue growth	—	▲6.4%
Profit growth	—	▲84.9%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£10.3m	£556k
Net assets	£23.5m	£29.5m
Fixed assets	£6.3m	£5.4m
Current assets	£33.4m	£44m
Debtors	£9.3m	£8.8m
Deferred income	£585k	£1.4m
Source	FullAccounts · bulk data Sep 2026	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 7%; Profit ÷ revenue.
Gross margin: 19.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.4m; Revenue ÷ average employees.
Profit per employee: £101k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10.2%; 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: ▲26%; Now £29.5m
Cash at bank: ▼95%; Now £556k
Headcount: 0%; Now 60
Deferred income: ▲137%; Now £1.4m
Fixed assets: ▼15%; Now £5.4m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £6m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

Updated from Companies House on 22 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.