SPEYMALT WHISKY DISTRIBUTORS 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

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Overall, the directors are satisfied that the company has access to sufficient funds to trade for the foreseeable future, and a strong balance sheet with significant equity in maturing stock. Based on the assessments described above, the severe but plausible downside scenario does not create a going concern issue, and as a consequence, it is appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. SPEYMALT WHISKY DISTRIBUTORS LIMITED · parent
   1. Avonside Whisky Ltd 1% · Scotland
   2. Glen Gordon Whisky Company Ltd 1% · Scotland
   3. James Gordon Whisky Company Ltd 1% · Scotland
   4. Gordon Bonding Company Ltd 1% · Scotland
   5. Strathnairn Whisky Ltd 1% · Scotland
   6. Elgin Bonding Company Ltd 1% · Scotland
   7. The Benromach Distillery Co Ltd 1% · Scotland
   8. Gordon & MacPhail Ltd 1% · Scotland
   9. Red Door Gin Company Ltd 1% · Scotland
   10. The Cairn Distillery Co Ltd 1% · Scotland

Significant events

• “A 10% tariff on exports from the UK to the US was announced in April 2025. The US is the largest Scotch Whisky market by value, and is a significant export market for the company.”
• “In May 2025, the company renewed its asset-based lending facility with its bankers, Barclays. The facility is secured against eligible bulk Scotch whisky stocks and can be drawn down by the business to meet trading and capital cash requirements.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  -18%

  £34,354,000 → £28,177,000

• Cash

  +5.2%

  £387,000 → £407,000

• Net assets

  +4.3%

  £83,176,000 → £86,717,000

• Employees

  -9.3%

  162 → 147

• Operating profit

  +77.7%

  £4,289,000 → £7,621,000

• Profit before tax

  +56.3%

  £4,339,000 → £6,782,000

• Wages

  -3.8%

  £6,692,000 → £6,439,000

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