Tulloch Developments

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.
Company Growth (employees)
Type
Private
HQ
Gremista, GB
Size (employees)
21 (est)+62%
Tulloch Developments is headquartered in Gremista, GB

Tulloch Developments Office Locations

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

Tulloch Developments Data and Metrics

Tulloch Developments Financial Metrics

Tulloch Developments's revenue was reported to be £14.2 m in FY, 2016 which is a 81% increase from the previous period.
GBP

Revenue (FY, 2016)

14.2 m

Revenue growth (FY, 2015 - FY, 2016), %

81%

Gross profit (FY, 2016)

5.6 m

Gross profit margin (FY, 2016), %

39%

Net income (FY, 2016)

2.3 m

Cash (31-Mar-2016)

4.3 m
GBPFY, 2014FY, 2015FY, 2016

Revenue

14.5 m7.9 m14.2 m

Revenue growth, %

(46%)81%

Cost of goods sold

5.5 m8.7 m

Gross profit

2.3 m5.6 m

Gross profit Margin, %

30%39%

Operating expense total

2.3 m2.6 m

Pre tax profit

4.3 m45.8 k2.9 m

Net Income

3.3 m18.7 k2.3 m
GBPFY, 2014FY, 2015FY, 2016

Cash

3.6 m2.1 m4.3 m

Accounts Receivable

1.9 m1.4 m1.3 m

Current Assets

5.8 m4.3 m6.4 m

PP&E

2.4 m2.8 m3.5 m

Total Assets

8.2 m7.1 m9.9 m

Accounts Payable

573.8 k787.3 k502.6 k

Current Liabilities

2.2 m1.6 m1.6 m

Total Liabilities

2.3 m1.9 m2.4 m

Retained Earnings

3.2 m18.7 k2.3 m

Total Equity

5.9 m5.1 m7.5 m

Financial Leverage

1.4 x1.4 x1.3 x
GBPFY, 2014FY, 2015FY, 2016

Cash From Operating Activities

4.8 m783.7 k3.7 m

Cash From Financing Activities

(620.5 k)(650.9 k)647.7 k

Income Taxes Paid

(1 m)(27.1 k)(565.3 k)
Y, 2016

Financial Leverage

1.3 x

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Tulloch Developments Company Life and Culture

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