The Saltire Energy Group provides high quality oilfield rental equipment throughout the world, manufactured and inspected to the highest standards and backed up by first class service and support. The quality of our equipment and the services we provide is unrivalled. Headquartered in Portlethen, Aberdeen, Saltire Energy comprises pressure control products and drilling tool products divisions. Saltire Energy was the only Scottish company to feature on the Sunday Times Fast Track ‘Ones to Watch’ list in 2014, in recognition of the significant growth and expansion the company has experienced in recent years. The continuous investment in new, innovative products has made Saltire Energy one of the leading drilling tool rental specialists for the oil producers of the world. We can supply individual stock items or a complete package of equipment to suit your requirements. Our knowledgeable and professional staff work closely with our clients to deliver the best possible results. Saltire Energy is committed to providing excellent service and adding value to customers’ operations. Saltire Energy takes its corporate social responsibility seriously within the communities in which the company operates. The Saltire in the Community programme was established in 2008 to provide potentially life changing opportunities for disadvantaged young people in the community, both on a local and international level.
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Portlethen, GB
Size (employees)
22 (est)
Saltire Energy was founded in 1986 and is headquartered in Portlethen, GB
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Saltire Energy Office Locations

Saltire Energy has an office in Portlethen
Portlethen, GB (HQ)
Badentoy Rd
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Saltire Energy Financials and Metrics

Summary Metrics

Founding Date

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Saltire Energy Financials

Saltire Energy's revenue was reported to be £22.51 m in FY, 2017

Revenue (FY, 2017)

22.5 m

Gross profit (FY, 2017)

16.1 m

Gross profit margin (FY, 2017), %


Net income (FY, 2017)

5.7 m

EBITDA (FY, 2017)

12.4 m

EBIT (FY, 2017)

11.9 m

Cash (30-Jun-2017)

338.1 k
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017


14.2 m14.7 m14.8 m12 m15.2 m21.7 m33 m36.3 m32 m29.9 m22.5 m

Revenue growth, %


Cost of goods sold

3.8 m5.6 m3.7 m3.3 m4.1 m5.2 m6.4 m9.3 m8.7 m10.2 m6.4 m

Gross profit

10.4 m9.1 m11.1 m8.7 m11.1 m16.5 m26.6 m27 m23.3 m19.7 m16.1 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017


104.3 k924 3.9 m315 k299 k2.1 m603.9 k2 m1.2 m653.1 k338.1 k

Accounts Receivable

2.5 m3.7 m2.8 m2.9 m3.7 m6.9 m8 m7.4 m7.2 m5.4 m5.7 m


1.9 m1.6 m1.4 m1.4 m772.2 k898.2 k1.2 m1.1 m904.4 k874.6 k185.1 k

Current Assets

4.7 m7 m8.5 m4.7 m4.9 m10.1 m12.2 m13.5 m15.2 m11.9 m19.6 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

1.4 m193 k460.6 k78.4 k71.1 k10 m13.5 m14.6 m12.6 m(28.1 m)5.7 m

Cash From Operating Activities

7.1 m4.4 m9.7 m3.2 m3.3 m9.6 m10.1 m24.3 m13.8 m18.8 m3.7 m

Dividends Paid

181.8 k994.5 k

Cash From Financing Activities

(1.5 m)(1.5 m)(4.1 m)(582.3 k)(1.4 m)(5.1 m)(7.1 m)(13.9 m)(15.7 m)(19.3 m)(7.3 m)
GBPY, 2017


1.1 m


0.1 x

Financial Leverage

3.2 x
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