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Company No. SC134741 · Incorporated 24 Oct 1991

Forth Ports Limited

Registered name: FORTH PORTS LIMITED

Part of PSP Investments Holding Europe Ltd group

Forth Ports Limited made £356m revenue and £65.6m profit in the year to 31 Dec 2025.

Forth Ports Limited’s revenue grew 6% to £356m in the year to 31 Dec 2025, with £65.6m profit and 1,262 employees. The company is classified under “service activities incidental to water transportation” and is based in Midlothian; we hold 3 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 52220Service activities incidental to water transportation
Status
Active
Location
Midlothian, Scotland
Age
34 yrs · since 1991
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.

Latest accounts · year to 31 Dec 2025

Key figures

Revenue
£356m
Growth ▲6.4%
Profit
£65.6m
Growth ▼23.4%
Profit margin
18.4%
Gross 46.8%
Employees
1,262
Change ▲4.4%
Profit / employee
£52k
Revenue/employee £282k
Profitable streak
3yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202331 Dec 202431 Dec 2025
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£321m£335m£356m
Cost of sales−£163m−£174m−£190m
Gross profit£158m£160m£167m
Operating profit£166m£149m£155m
Profit before tax£135m£108m£91m
Profit after tax£107m£85.7m£65.6m
Profit (best available)£107m£85.7m£65.6m
Employees (average)1,2311,2091,262
Ratios
Profit margin33.2%25.6%18.4%
Gross margin49.2%47.9%46.8%
Revenue per employee£261k£277k£282k
Profit per employee£86.7k£70.9k£52k
Growth (year on year)
Revenue growth—▲4.2%▲6.4%
Profit growth—▼19.7%▼23.4%
Headcount growth—▼1.8%▲4.4%
Balance sheet — indirect signals, not revenue
Net assets———
SourceAccounts · bulk data Jun 2025Accounts · bulk data Jun 2025Accounts · bulk data Jun 2026
Derived from the latest filing

How the business works

Profit margin
18.4%
Profit ÷ revenue.
Gross margin
46.8%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£282k
Revenue ÷ average employees.
Profit per employee
£52k
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.
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
—
Now —
Cash at bank
—
Now —
Headcount
▲4%
Now 1,262
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. PSP Investments Holding Europe Ltdultimate parent50–75%
  2. Otter Ports I Limited75–100%
  3. Otter Ports II Limited75–100%
  4. Otter Ports Limited75–100%
  5. Forth Ports Limitedthis company

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

Subsidiaries (23)

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £65.6m), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.

Updated from Companies House on 15 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.