IAN MACLEOD DISTILLERS LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2027-02-23 (in 9mo)
Last made up 2026-02-09
Watchouts
Cash
£4M
+70.4% vs 2023
Net assets
£199M
+6% vs 2023
Employees
320
+15.5% vs 2023
Profit before tax
£16M
-53.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- IAN MACLEOD DISTILLERS LIMITED 2004-01-20 → present
- PETER J. RUSSELL & COMPANY LIMITED 1957-11-26 → 2004-01-20
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Turnover | £160,557,000 | £128,255,000 | |
| Operating profit | £37,510,000 | £22,627,000 | |
| Profit before tax | £33,809,000 | £15,628,000 | |
| Net profit | £25,971,000 | £11,627,000 | |
| Cash | £2,621,000 | £4,466,000 | |
| Total assets less current liabilities | £255,526,000 | £309,727,000 | |
| Net assets | £187,589,000 | £198,758,000 | |
| Equity | £187,589,000 | £198,758,000 | |
| Average employees | 277 | 320 | |
| Wages | £15,054,000 | £13,761,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Operating margin | 23.4% | 17.6% | |
| Net margin | 16.2% | 9.1% | |
| Return on capital employed | 14.7% | 7.3% | |
| Gearing (liabilities / total assets) | 36.1% | 41.7% | |
| Current ratio | 5.12x | 7.01x | |
| Interest cover | 9.88x | 3.91x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As a result, the directors have confidence that the business will continue to trade successfully for the foreseeable future.”
Group structure
- IAN MACLEOD DISTILLERS LIMITED · parent
- Edinburgh Gin Distillery 100%
- Ian Macleod & Company Limited 100%
- Ian Macleod Distillers India Private Limited 100%
- Ian Macleod Taiwan Limited 100%
- Lang Brothers Limited 100%
- Laggan Bay Distillers Limited 75%
- Hedges & Butler Limited 100%
- Wincarnis Limited 100%
- Peter J Russell & Company Limited 100%
- Scottish Independent Distillers Limited 100%
- Spencerfield Spirit Company Limited 100%
- Wm Maxwell (Scotch Whisky) Limited 100%
Significant events
- “The single malt distillery based in Una in Himachal Pradesh in India commenced operations in May of 2024.”
- “The Rosebank visitor centre opened in June 2024.”
- “Construction of the distillery and visitor centre at the central and prominent Edinburgh Gin Arches site continued throughout the year and the site opened to the public in early December 2024.”
- “A subsidiary is being established in China with the expectation that it will be better able to service the market than existing methods. Initial shipments into China are scheduled for early in 2025 and timed to benefit from an anticipated resumption of demand.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DONALDSON, Rennie William | Secretary | 2026-04-24 | — | — |
| DOCTOR, Gordon John | Director | 2004-10-21 | Jan 1959 | British |
| DONALDSON, Rennie William | Director | 2026-01-29 | May 1984 | British |
| FARRAR, Richard William | Director | 2017-06-22 | Apr 1958 | British |
| RANKINE, Laura Agnes Anne | Director | 2017-04-20 | Feb 1979 | Scottish |
| RUSSELL, Angela Mary | Director | 2003-07-01 | Jul 1965 | British |
| RUSSELL, David William Hodder | Director | — | Feb 1940 | British |
| RUSSELL, Leonard Stuart | Director | 1993-01-07 | Jun 1961 | British |
| SHACKLETON, Ian Alexander | Director | 2017-04-20 | Nov 1965 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MOODIE, Andrew Macdonald | Secretary | — | 2004-04-22 |
| YOUNGER, Michael James | Secretary | 2004-04-22 | 2026-04-24 |
| MACKENZIE, Roderick Nestle James | Director | 2002-04-01 | 2017-04-13 |
| PATRICK, Rupert Charles | Director | 1997-07-07 | 2004-08-31 |
| RUSSELL, Edith Stuart | Director | 2003-07-01 | 2026-01-12 |
| RUSSELL, Florence Elizabeth | Director | — | 1997-12-15 |
| RUSSELL, Peter James Sidney | Director | — | 2023-01-23 |
| WILSON, James Simpson | Director | 2000-07-24 | 2011-09-14 |
| YOUNGER, Michael James | Director | 2004-07-09 | 2026-04-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Leonard Stuart Russell | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2025-11-12 |
| Leonard Stuart Russell And Others As Trustees Of The Leonard Stuart Russell 2003 Family Trust | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2025-06-16 |
Filing timeline
Last 20 of 193 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-04-28 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-30 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-07 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-12-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-06-24 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-06-23 | AA | accounts | Accounts with accounts type group | |
| 2025-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-29 | AA | accounts | Accounts with accounts type group | |
| 2024-02-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-05-05 | AA | accounts | Accounts with accounts type group | |
| 2023-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-31 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-09-30 vs 2023-09-30
-
Turnover
-20.1%
£160,557,000 £128,255,000
-
Cash
+70.4%
£2,621,000 £4,466,000
-
Net assets
+6%
£187,589,000 £198,758,000
-
Employees
+15.5%
277 320
-
Operating profit
-39.7%
£37,510,000 £22,627,000
-
Profit before tax
-53.8%
£33,809,000 £15,628,000
-
Wages
-8.6%
£15,054,000 £13,761,000
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