THE WELSH WHISKY COMPANY LIMITED

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

Auditor

MHA Statutory Auditor

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Management are satisfied that with the signed waiver covenant documents in place that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from approval of these financial statements. As such, they continue to adopt the going concern basis in preparing the financial statements of the company.”

Significant events

• “The company operates across three distilleries and visitors centres with Swansea Copperworks opening in June 2023, following the second at Llandudno in May 2021.”
• “New importers have been appointed for the USA and Taiwan and additional investment channelled to brand building in established markets in France, Germany, Japan and others.”
• “A breach of debt service cover and current ratio covenants occurred at 31 August 2024 for Development Bank of Wales and HSBC term loans, leading to all term loans being presented as payable within one year, despite waivers obtained after the year end.”

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

5

last 24 months

Officers appointed

3

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -16.3%

  £23,104,372 → £19,347,849

• Cash

  -16.3%

  £72,826 → £60,948

• Net assets

  +1.6%

  £13,288,530 → £13,499,509

• Employees

  +3.2%

  95 → 98

• Operating profit

  -55.5%

  £2,172,735 → £967,773

• Profit before tax

  -110.5%

  £1,457,987 → -£152,740

• Wages

  -0.4%

  £3,040,672 → £3,029,116

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