GILLESPIE MACANDREW LLP

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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 limited liability partnership'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.”

Group structure

1. GILLESPIE MACANDREW LLP · parent
   1. Gillespie Macandrew WS Limited
   2. Gillespie Macandrew Secretaries Limited
   3. Gillespie Macandrew Directors Limited
   4. Menzies Dougal (Trustees) Limited
   5. Atholl Nominees Limited
   6. Bennett & Robertson (Trustees) Limited
   7. Gillespie Macandrew (Trustees) Limited
   8. Gillespie, Macandrew (Nominees) Limited
   9. J C & A Steuart (Trustees) Limited
   10. Menzies Dougal (Nominees) Limited

Significant events

• “The firm undertook two major investment projects during 2024/25, investing further in the business. The first was the completion of its refurbishment of its principal office at Atholl Crescent, Edinburgh, incorporating ESG considerations that help deliver on one element of the firm's strategy which is to be the "best place to work".”
• “the firm commissioned a replacement practice management IT system which moved this core platform fully to the cloud with 3E Cloud, a market-leading cloud-based SaaS product. Completion of this project is another major step forward in its cloud-first IT strategy.”
• “These two projects were financed with the addition of a bank term loan.”
• “In addition, the firm promoted Lorna Balfour, who originally joined the firm as a trainee, to partner in the Land and Rural Business practice area, making 6 partners in that team.”
• “After the year end, a further investment has been made in the lateral hire of Heather Pearson as a partner in the Housebuilding team, bringing the current partner numbers to 28.”
• “The firm's profits in 2024/25 profits were £6.3m and include the award of a firm wide performance bonus to staff of 7.0%, reflecting the progress of the firm. Profits at this level represent a 20% increase year on year, due in part to a move away from the Salaried Partner model.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +10.9%

  £17,697,736 → £19,634,717

• Cash

  -55.4%

  £1,999,714 → £891,440

• Net assets

  +24.2%

  £4,948,761 → £6,146,843

• Employees

  +0.7%

  146 → 147

• Operating profit

  +21.1%

  £4,750,544 → £5,754,977

• Profit before tax

  +19.9%

  £5,249,670 → £6,292,971

• Wages

  +1.6%

  £6,774,425 → £6,883,009

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers