Migdale Transport Limited
Registered name: MIGDALE TRANSPORT LIMITED
Part of Migdale Group Limited groupMigdale Transport Limited made £13.3m revenue and £1.2m profit in the year to 30 Apr 2025. read from filing text
Migdale Transport Limited’s revenue grew 2% to £13.3m in the year to 30 Apr 2025, with £1.2m profit and 40 employees. The company is classified under “marine aquaculture” and is based in Sutherland; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Sutherland, Scotland
- Age
- 18 yrs · since 2008
- 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 immediate and ultimate parent company is Migdale Group Limited, a company registered in Scotland with a registered office address of Dornoch Road, Bonar Bridge, IV24 3EB. The company is included w”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2022 | 30 Apr 2023 | 30 Apr 2024 | 30 Apr 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £9.4m | £12m | £13.1m | £13.3m |
| Cost of sales | £6.1m | £7.8m | £9.7m | £10.7m |
| Gross profit | £3.3m | £4.2m | £3.4m | £2.6m |
| Operating profit | £2.9m | £3.4m | £2.6m | £1.9m |
| Profit before tax | £2.6m | £3.1m | £2.4m | £1.6m |
| Profit after tax | £1.8m | £2.5m | £1.8m | £1.2m |
| Profit (best available) | £1.8m | £2.5m | £1.8m | £1.2m |
| Staff costs | £2.3m | £2.5m | £2.7m | £3m |
| Employees (average) | 36 | 37 | 43 | 40 |
| Ratios | ||||
| Profit margin | 19.1% | 21.1% | 13.9% | 9.2% |
| Gross margin | 35.4% | 34.8% | 25.7% | 19.6% |
| Revenue per employee | £261k | £324k | £305k | £334k |
| Profit per employee | £50k | £68.5k | £42.4k | £30.6k |
| Cash conversion | −126.2% | −147.8% | −106% | −255.7% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲27.6% | ▲9.4% | ▲1.7% |
| Profit growth | — | ▲40.9% | ▼28% | ▼32.9% |
| Headcount growth | — | ▲2.8% | ▲16.2% | ▼7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.4m | £3.8m | £2.9m | £1.8m |
| Net assets | £8.4m | £10.9m | £12.5m | £13.6m |
| Fixed assets | £19.4m | £19m | £19.5m | £21.3m |
| Current assets | £3.1m | £5.4m | £5.4m | £4.4m |
| Debtors | £1.6m | £1.4m | £2m | £1.4m |
| Deferred income | £81.7k | £73k | £116k | £583k |
| Cash from operations | −£3.7m | −£5.1m | −£2.8m | −£4.8m |
| Source | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Aug 2025 |
How the business works
- Profit margin
- 9.2%
- Profit ÷ revenue.
- Gross margin
- 19.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £334k
- Revenue ÷ average employees.
- Profit per employee
- £30.6k
- Profit ÷ average employees.
- Cash conversion
- −255.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 159.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 4.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 10.7%
- 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
- ▲9%
- Now £13.6m
- Cash at bank
- ▼37%
- Now £1.8m
- Headcount
- ▼7%
- Now 40
- Deferred income
- ▲405%
- Now £583k
- Fixed assets
- ▲9%
- Now £21.3m
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
- Migdale Group Limitedultimate parent75–100%
- Migdale Transport Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Migdale Smolt LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 30 Apr 2025 (profit £1.2m), from the Companies House accounts bulk data published Aug 2025. Spotted an error? Request a correction.
Updated from Companies House on 14 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.