SPEYSIDE COOPERAGE 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

Ritsons

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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. SPEYSIDE COOPERAGE LIMITED · parent
   1. Speyside Cooperage Kentucky, Inc 100% · US · Cooperage

Significant events

• “We have increased our workforce by 15% in the last year, from 124 to 142 employees to cater for customers' increased requirements for coopering and rejuvenation services.”
• “Turnover at £45,214,732 was down 10.1% compared to the prior year, which is consistent with the directors' expectations due to the drop in barrel prices.”
• “Profit before tax for the year was £2,135,446, a decrease of 65.57% on the previous year.”
• “Labour is our biggest cost, direct wages and associated costs have risen 14.99% compared to the prior year.”
• “Over the last six years, we have invested heavily in additional buildings, machinery, cask handling equipment and labour.”
• “We intend to increase our supply of once-used bourbon barrels by linking our new bourbon barrel sales, produced by our sister company Speyside Bourbon Cooperage Inc, with buy-back agreements.”
• “We have added an Innovations and Development Manager to our team, who will work with and have access to the Demptos Bordeaux University Technology Spirit Department.”
• “We continue to actively extend the life of older casks by shaving, toasting and re-charring. We are also creating more working space at Craigellachie for cask selection and repair, which will generate more income.”

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

2

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

  -10.1%

  £50,295,576 → £45,214,732

• Cash

  -58.9%

  £3,670,277 → £1,509,096

• Net assets

  -1.7%

  £25,495,981 → £25,066,538

• Employees

  +14.5%

  124 → 142

• Operating profit

  -67.1%

  £6,102,169 → £2,010,548

• Profit before tax

  -65.6%

  £6,202,578 → £2,135,446

• Wages

  +15%

  £4,934,099 → £5,675,711

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