Tulloch Developments Ltd can trace its history back nearly 40 years to a company set up by Peter Tulloch. Back then we traded in the building industry, building many private homes and housing schemes for the local Council. The company - which became Tulloch Construction - grew, undertaking major building projects such as the Whalsay Leisure Centre, Brae Swimming Pool, and Mid Yell Care Centre. When Peter Tulloch retired the company became Tulloch Developments Ltd, focussing more on the civil engineering sector. Major contracts awarded include the reflagging of Commercial Street in Lerwick, the development of the Cullivoe Pier and the Symbister Slipway, and improvements to the Aith road. Frank Tulloch, son of founder Peter Tulloch, was joined by George Smith as a director in 2004/2005, and the company moved from the old premises in Bixter to a new site at Gremista in Lerwick.
Gremista, GB
Size (employees)
12 (est)
Tulloch Developments is headquartered in Gremista, GB
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Tulloch Developments Office Locations

Tulloch Developments has an office in Gremista
Gremista, GB (HQ)
Gremista Rd
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Tulloch Developments Financials and Metrics

Tulloch Developments Financials

Tulloch Developments's revenue was reported to be £8.60 m in FY, 2017

Revenue (FY, 2017)

8.6 m

Gross profit (FY, 2017)

3.3 m

Gross profit margin (FY, 2017), %


Net income (FY, 2017)

1.1 m

EBITDA (FY, 2017)

1.9 m

EBIT (FY, 2017)

1.4 m

Cash (31-Mar-2017)

4.1 m
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017


10 m14.5 m7.9 m14.2 m8.6 m

Revenue growth, %


Cost of goods sold

5.5 m8.7 m5.3 m

Gross profit

2.3 m5.6 m3.3 m
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017


582.2 k451.9 k561.3 k323.2 k109.5 k801.9 k3.6 m2.1 m4.3 m4.1 m

Accounts Receivable

542.4 k578.7 k593.5 k1.6 m1.7 m2.5 m1.9 m1.4 m467.6 k602.5 k


13.4 k5.2 k60.6 k53.5 k381.2 k106.4 k267.2 k383.6 k722.3 k659.6 k

Current Assets

1.1 m1 m1.2 m1.9 m2.2 m3.5 m5.8 m4.3 m6.4 m5.9 m
GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

788.6 k3.3 m18.7 k2.3 m1.1 m

Cash From Operating Activities

437.4 k2.2 m4.8 m783.7 k3.6 m2.4 m

Dividends Paid

20 k152.6 k1.5 m

Cash From Financing Activities

(119.3 k)594.5 k(620.5 k)(650.9 k)638.1 k(265.5 k)
GBPY, 2017


781.8 k

Financial Leverage

1.3 x
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