How much does Pitreavie Packaging Limited make?

Pitreavie Packaging Limited reported revenue of £25m and £694k profit in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Pitreavie Packaging Limited have?

Pitreavie Packaging Limited reported an average of 157 employees in the year to 31 Mar 2025.

Is Pitreavie Packaging Limited profitable?

Yes — Pitreavie Packaging Limited reported a profit of £694k in the year to 31 Mar 2025.

Company No. SC290452 · Incorporated 16 Sep 2005

Pitreavie Packaging Limited

Registered name: PITREAVIE PACKAGING LIMITED

Part of Macfarlane Group Plc group

Pitreavie Packaging Limited made £25m revenue and £694k profit in the year to 31 Mar 2025.

Pitreavie Packaging Limited’s revenue grew 3% to £25m in the year to 31 Mar 2025, with £694k profit and 157 employees. The company is classified under “manufacture of other paper and paperboard containers” and is based in Glasgow; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 17219Manufacture of other paper and paperboard containers SIC 52103Operation of warehousing and storage facilities for land transport activities SIC 82110Combined office administrative service activities

Status: Active
Location: Glasgow, Scotland
Age: 21 yrs · since 2005
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 Mar 2025

Key figures

Operating leverage

Revenue

£25m

Growth ▲3.4%

Profit

£694k

Growth ▲22%

Profit margin

2.8%

Gross 29.8%

Employees

157

Change ▲1.9%

Profit / employee

£4.4k

Revenue/employee £159k

Profitable streak

4yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£20.2m	£23.7m	£24.1m	£25m
Cost of sales	£14m	£17m	£16.8m	£17.5m
Gross profit	£6.2m	£6.7m	£7.4m	£7.4m
Operating profit	£1.4m	£491k	£1.2m	£1m
Profit before tax	£1.3m	£348k	£746k	£632k
Profit after tax	£1.1m	£362k	£569k	£694k
Profit (best available)	£1.1m	£362k	£569k	£694k
Staff costs	£4.5m	£5.6m	£6m	£6.4m
Employees (average)	132	149	154	157
Ratios
Profit margin	5.6%	1.5%	2.4%	2.8%
Gross margin	30.6%	28.2%	30.5%	29.8%
Revenue per employee	£153k	£159k	£157k	£159k
Profit per employee	£8.5k	£2.4k	£3.7k	£4.4k
Growth (year on year)
Revenue growth	—	▲17.3%	▲2%	▲3.4%
Profit growth	—	▼67.7%	▲57.1%	▲22%
Headcount growth	—	▲12.9%	▲3.4%	▲1.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.9m	£1.1m	£1.4m	£1.2m
Net assets	£2.2m	£2.2m	£1.4m	£1.7m
Fixed assets	£3m	£4.1m	£4m	£3.6m
Current assets	£8.8m	£8.8m	£8.4m	£7.2m
Debtors	£3.7m	£4m	£3.6m	£4m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	Accounts · bulk data Jul 2024	FullAccounts · bulk data Aug 2025

Derived from the latest filing

How the business works

Profit margin: 2.8%; Profit ÷ revenue.
Gross margin: 29.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £159k; Revenue ÷ average employees.
Profit per employee: £4.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 14.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16%; 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: ▲24%; Now £1.7m
Cash at bank: ▼16%; Now £1.2m
Headcount: ▲2%; Now 157
Deferred income: —; Now —
Fixed assets: ▼10%; Now £3.6m

Corporate ownership

Group structure

Ownership chain

Macfarlane Group Plc (registered outside the UK register)ultimate parent75–100%
Macfarlane Group UK Limited75–100%
The Pitreavie Group Limited75–100%
Pitreavie Packaging Limitedthis company

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

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £694k), from the Companies House accounts bulk data published Aug 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.