AKVA GROUP SCOTLAND LTD
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Cash
£1.2M
-50.3% vs 2023
Net assets
£3.6M
+28.6% vs 2023
Employees
52
-1.9% vs 2023
Profit before tax
£1.1M
+117.9% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £12,695,000 | £14,159,000 | +11.5% | |
| Operating profit | £694,000 | £1,177,000 | +69.6% | |
| Profit before tax | £487,000 | £1,061,000 | +117.9% | |
| Net profit | £392,000 | £795,000 | +102.8% | |
| Cash | £2,396,000 | £1,190,000 | -50.3% | |
| Total assets less current liabilities | £3,685,000 | £4,849,000 | +31.6% | |
| Net assets | £2,777,000 | £3,572,000 | +28.6% | |
| Equity | £2,777,000 | £3,572,000 | +28.6% | |
| Average employees | 53 | 52 | -1.9% | |
| Wages | £2,154,000 | £2,255,000 | +4.7% | |
| Directors' remuneration | £230,000 | £256,000 | +11.3% |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 5.5% | 8.3% | |
| Net margin | 3.1% | 5.6% | |
| Return on capital employed | 18.8% | 24.3% | |
| Current ratio | 1.33x | 1.29x | |
| Interest cover | 3.35x | 10.15x |
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 4 times since incorporation
- AKVA GROUP SCOTLAND LTD 2007-03-22 → present
- AKVASMART LIMITED 2002-01-30 → 2007-03-22
- AQUASMART EUROPE LIMITED 2000-01-24 → 2002-01-30
- AQUASMART UK LIMITED 1998-02-06 → 2000-01-24
- EXCHANGELAW (NO. 177) LIMITED 1997-10-16 → 1998-02-06
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “The company entered 2024 with an optimistic outlook and healthy order backlog. Several large contracts were won and delivered in 2024 including plastic pen production as well as associated net and mooring solutions.”
- “We will, with implementation of a group ERP system in 2025 supporting standardisation of our business processes, improve supply chain management and project execution, and increase visibility of information for improved decision making.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FOWLER, Donald | Director | 2022-12-13 | Jul 1963 | British |
| FULTON, Greig Scott | Director | 2024-07-04 | Jan 1965 | British |
| PEACH, David Lindsay | Director | 2020-12-10 | May 1964 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KADRI, Sunil | Secretary | 1998-01-05 | 1998-10-05 |
| KNOWLES, Shirley Janet | Secretary | 2010-08-20 | 2014-08-19 |
| MACDONALD, Morinne | Secretary | 2001-12-11 | 2008-12-31 |
| MACDONALD, Morinne | Secretary | 1997-10-16 | 1998-10-05 |
| THORBURN, David George | Secretary | 2009-01-01 | 2010-08-20 |
| WHYTE, David William James | Secretary | 1998-10-05 | 2001-12-11 |
| BYRNE, Francis | Director | 2018-01-25 | 2019-02-05 |
| CAMPBELL, Andrew James | Director | 2019-05-20 | 2022-11-30 |
| CLEAVER-SMITH, Jason, Dr | Director | 2017-10-05 | 2019-05-20 |
| DODD, Ross Alexander | Director | 1998-01-29 | 2001-11-28 |
| HENDERSON, Christine Selbie | Director | 1997-10-16 | 1998-01-29 |
| HJETLAND, Per Andreas | Director | 2011-06-16 | 2012-03-06 |
| JOHNSON, Robin Douglas | Director | 2009-10-20 | 2017-10-19 |
| JOHNSON, Robin Douglas | Director | 2001-08-01 | 2008-12-31 |
| KADRI, Sunil | Director | 1998-01-05 | 2001-12-11 |
| KIRKALDIE, Marguerita | Director | 2017-07-10 | 2019-05-20 |
| KNOWLES, Brian | Director | 2017-07-10 | 2019-05-20 |
| LIVINGSTONE, Martin | Director | 2001-05-08 | 2002-10-31 |
| MACDONALD, Morinne | Director | 1997-10-16 | 1998-01-29 |
| MACKAY, Scott | Director | 2017-07-10 | 2019-05-20 |
| MOLAUG, Knut | Director | 2002-07-19 | 2010-08-20 |
| MONSEN, Eirik Borve | Director | 2012-03-06 | 2016-12-31 |
| MORRELL, Steven Alan | Director | 1999-10-26 | 2001-11-28 |
| NAERLAND, Morten | Director | 2002-02-19 | 2012-03-06 |
| SEVERINSEN, Trond | Director | 2011-06-16 | 2017-07-10 |
| THORBURN, David George | Director | 2009-01-01 | 2020-12-10 |
| WHYTE, David William James | Director | 1999-03-31 | 2001-11-28 |
| WILLIKSEN, Trond | Director | 2011-06-16 | 2016-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Akva Group Asa | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors (as firm), Significant influence (as firm) | 2016-10-16 | Active |
Filing timeline
Last 20 of 140 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-02 | AA | accounts | Accounts with accounts type full | |
| 2024-12-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-23 | AA | accounts | Accounts with accounts type full | |
| 2024-07-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-01 | AA | accounts | Accounts with accounts type full | |
| 2022-12-13 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-20 | AA | accounts | Accounts with accounts type full | |
| 2022-09-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-04 | AA | accounts | Accounts with accounts type full | |
| 2021-01-06 | AP01 | officers | Appoint person director company with name date | |
| 2021-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2020-12-04 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.