WHYTE AND MACKAY LIMITED

1. WHYTE AND MACKAY LIMITED 2003-09-30 → present
2. KYNDAL SPIRITS LIMITED 2001-10-16 → 2003-09-30
3. JBB (GREATER EUROPE) LIMITED 1996-12-31 → 2001-10-16
4. THE WHYTE & MACKAY GROUP PLC 1991-06-17 → 1996-12-31
5. WHYTE & MACKAY DISTILLERS LIMITED 1927-01-20 → 1991-06-17

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the current trading projections the Directors consider that it is appropriate for the accounts to be prepared on the going concern basis. 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 company'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. WHYTE AND MACKAY LIMITED · parent
   1. St Vincent Street (446) Limited 100% · Scotland · Property Holding company
   2. Whyte and Mackay (Americas) Limited, LLC 100% · USA · Marketing services

Significant events

• “In 2024, the profit for the Company decreased as there was a slowdown in the whisky category and in spirits and luxury goods more generally across multiple markets around the world. Overall Single Malt exports were significantly down on 2023.”
• “Total assets at 31 December 2024 were £1,168,718,000 (2023: £1,006,975,000) with increased capital expenditure on strategic developments at The Dalmore, Jura and Invergordon Distilleries and our bottling facilities in Grangemouth. Capital expenditure in the year includes assets under construction of £51,203,000 (2023: £25,183,000).”
• “Inventory levels have increased by £43,392,000 as we laid down more maturing inventory. Trade and Other Receivables have also increased by £45,809,000 on the prior year. Total liabilities at 31 December 2024 were £344,544,000 (2023: £243,829,000) as we drew down further funds on our loan facility to fund the increased capital expenditure and investment in maturing inventory.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  -7%

  £317,128,000 → £295,020,000

• Cash

  -91%

  £8,992,000 → £810,000

• Net assets

  +8%

  £763,146,000 → £824,174,000

• Employees

  +6.8%

  586 → 626

• Operating profit

  -7.3%

  £85,569,000 → £79,296,000

• Profit before tax

  -8.6%

  £96,636,000 → £88,303,000

• Wages

  -4.6%

  £32,658,000 → £31,151,000

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