SALTIRE ENERGY LIMITED
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Cash
£1.7m
+35.4% highest in 3 filed years
Net assets
£86m
+1.4% highest in 3 filed years
Employees
66
+17.9% highest in 3 filed years
Profit before tax
£2.5m
-82.6% lowest in 3 filed years
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-06-30
| Metric | Trend | 2024-06-30 | 2025-06-30 | 2026-06-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £29,770,879 | £27,930,691 | £22,153,375 | -20.7% | |
| Operating profit | £14,182,847 | £14,406,324 | £3,006,201 | -79.1% | |
| Profit before tax | £12,377,850 | £14,123,863 | £2,454,957 | -82.6% | |
| Net profit | £9,041,630 | £9,485,134 | £1,231,175 | -87% | |
| Cash | £1,508,584 | £1,290,296 | £1,747,312 | +35.4% | |
| Total assets less current liabilities | £100,875,989 | £108,212,833 | £106,422,305 | -1.7% | |
| Net assets | £75,570,171 | £85,055,305 | £86,286,480 | +1.4% | |
| Equity | £75,570,171 | £85,055,305 | £86,286,480 | +1.4% | |
| Average employees | 55 | 56 | 66 | +17.9% | |
| Wages | £3,064,933 | £2,947,509 | £2,959,556 | +0.4% | |
| Directors' remuneration | £241,022 | £214,787 | £266,333 | +24% | |
| Directors' pension contributions | £15,599 | £14,386 | £4,916 | -65.8% | |
| Highest paid director | £89,327 | £86,659 | £73,333 | -15.4% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-06-30 | 2025-06-30 | 2026-06-30 |
|---|---|---|---|---|
| Operating margin | 47.6% | 51.6% | 13.6% | |
| Net margin | 30.4% | 34.0% | 5.6% | |
| Return on capital employed | 14.1% | 13.3% | 2.8% | |
| Gearing (liabilities / total assets) | 38.3% | 28.1% | 24.8% | |
| Current ratio | 1.31x | 2.19x | 3.12x | |
| Interest cover | 9.31x | 49.64x | 4.99x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- SALTIRE ENERGY LIMITED 2008-06-23 → present
- CANSCO LIMITED 2002-05-23 → 2008-06-23
- CANSCO INTERNATIONAL LIMITED 2001-04-25 → 2002-05-23
- INTERNATIONAL RIG & EQUIPMENT LIMITED 1996-05-03 → 2001-04-25
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- AAB Audit & Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- SALTIRE ENERGY LIMITED · parent
- Saltire Drilling Tools Limited 100%
- Saltire Energy (Norway) Limited 100%
- Saltire Energy PTE Limited 100%
- Saltire Pressure Control Limited 100%
- Saltire Energy SDN. BHD. 100%
Significant events
- “This exercise resulted in an exceptional write-down of £4.5m (Note 5). The directors have assessed that there are no further indicators of impairment on the asset base.”
- “During the year, the group incurred exceptional costs of £1,879k in relation to historic employer pension and trust arrangements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PETERKINS, SOLICITORS | Corporate Secretary | 2021-05-10 | — | — |
| HAMILTON, Sean | Director | 2016-03-24 | Oct 1987 | Scottish |
| HARPER, Michael Andrew | Director | 2025-12-08 | Dec 1990 | Scottish |
| LOGGIE, Jack William | Director | 2016-03-10 | Mar 1993 | Scottish |
| LOGGIE, Michael David | Director | 1996-05-03 | Aug 1944 | British |
| SCOTT, John Stuart | Director | 2026-02-23 | Apr 1990 | Scottish |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KEENAN, Bryan Angus | Secretary | 1996-05-03 | 2021-05-10 |
| OSWALDS OF EDINBURGH LIMITED | Corporate Nominee Secretary | 1996-05-03 | 1996-05-03 |
| ASHER, Daniel Eugene | Director | 1997-09-25 | 2008-05-01 |
| GRAY, Peter Thomson | Director | 2011-04-26 | 2021-09-10 |
| HART, Colin Owen | Director | 1996-05-03 | 1999-07-22 |
| LARGE, Norman Charles | Director | 2002-06-20 | 2003-02-21 |
| LESLIE, Gary David | Director | 2011-04-26 | 2016-03-10 |
| MITCHELL, Craig John | Director | 2013-02-01 | 2014-11-30 |
| PERFECT, Pauline | Director | 2016-03-24 | 2025-12-08 |
| SIMPSON, Alan | Director | 2002-06-20 | 2007-01-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Michael David Loggie | Individual | Shares 25–50% | 2026-07-22 | Active |
| Mr Michael David Loggie | Individual | Shares 25–50% | 2016-04-06 | Ceased 2021-07-08 |
| Optimus Corporate Services Limited | Corporate entity | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 131 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-05 | AA | accounts | Accounts with accounts type group | |
| 2026-07-28 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-27 | AA | accounts | Accounts with accounts type group | |
| 2026-02-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-26 | AA | accounts | Accounts with accounts type group | |
| 2025-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-28 | AA | accounts | Accounts with accounts type group | |
| 2023-06-23 | AA | accounts | Accounts with accounts type group | |
| 2023-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-15 | AA | accounts | Accounts with accounts type group | |
| 2022-06-28 | AA01 | accounts | Change account reference date company current shortened | |
| 2022-05-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-05-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-07-29 | AA | accounts | Accounts with accounts type group | |
| 2021-06-30 | AA01 | accounts | Change account reference date company current shortened |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.