HIGHLAND DISTILLERS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-14 (in 7mo)
Last made up 2025-11-30
Watchouts
None on the register
Cash
£3M
-58.8% vs 2024
Net assets
£81M
-21.1% vs 2024
Employees
308
+5.8% vs 2024
Profit before tax
-£30M
-69.1% vs 2024
Name history
Renamed 3 times since incorporation
- HIGHLAND DISTILLERS LIMITED 2001-04-05 → present
- HIGHLAND DISTILLERS OPERATIONS LIMITED 1998-06-22 → 2001-04-05
- HIGHLAND MALT DISTILLING LIMITED 1995-07-20 → 1998-06-22
- M M & S (2274) LIMITED 1995-06-19 → 1995-07-20
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £113,900,000 | £115,900,000 | |
| Operating profit | -£11,200,000 | -£22,000,000 | |
| Profit before tax | -£17,800,000 | -£30,100,000 | |
| Net profit | -£1,800,000 | -£12,800,000 | |
| Cash | £6,800,000 | £2,800,000 | |
| Total assets less current liabilities | £129,000,000 | £98,500,000 | |
| Net assets | £102,100,000 | £80,600,000 | |
| Equity | £102,100,000 | £80,600,000 | |
| Average employees | 291 | 308 | |
| Wages | £20,900,000 | £14,900,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -9.8% | -19.0% | |
| Net margin | -1.6% | -11.0% | |
| Return on capital employed | -8.7% | -22.3% | |
| Gearing (liabilities / total assets) | 78.7% | 84.0% | |
| Current ratio | 0.87x | 0.87x | |
| Interest cover | -0.69x | -1.22x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The 1887 Company Limited has provided a letter of financial support to the Company which together with the forecasts indicate, to the Directors' satisfaction, that the Company has resources more than sufficient to continue in operational existence for the foreseeable future and therefore it is appropriate to adopt the going concern basis in preparing the financial statements for at least 12 months from the date of signing.”
Group structure
- HIGHLAND DISTILLERS LIMITED · parent
- Highland Distribution Company Limited 100%
- Highland Distribution Netherlands Limited 100%
- Highland Distribution Ventures Limited 100%
- GT Distillery Limited 100%
- The Glenrothes Distillery Company Limited 100%
- Edrington Taiwan Limited 87.5%
- Edrington Sweden AB 100%
- Edrington Norge AS 100%
- Edrington Finland OY 100%
- Edrington Danmark A/S 100%
- Edrington Shanghai Limited 100%
- Edrington Hong Kong Limited 100%
- Edrington Singapore Pte Limited 100%
- The Edrington Group USA, LLC 100%
- Edrington Middle East and Africa 100%
- Edrington European Travel Retail Limited 100%
- Edrington Mexico Ltd 100%
- Importadora EMEX Ltd 100%
- Servicios EMEX Ltd 100%
- Edrington (Malaysia) SDN BHD 100%
- BB&R Spirits Limited 100%
- Edrington UK Distribution Limited 100%
- Edrington France SAS 100%
- The Famous Grouse Limited 100%
Significant events
- “On 1 July 2025 The Famous Grouse and Naked Malt brands and their related assets were sold to William Grant and Sons. The carrying amount of the assets disposed of are included in assets held for sale at note 16. The estimated gain on disposal of the assets is £119.5m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCMANUS, Nicholas John | Secretary | 2020-07-23 | — | — |
| CAMPBELL, Lindsay Margaret | Director | 2019-09-12 | Feb 1970 | British |
| CHAPLIN, Jeremy Mcdowell | Director | 2023-08-03 | Apr 1971 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MORRISON, Fraser Stuart | Secretary | 1995-08-07 | 2017-06-05 |
| ROBSON, Gemma May | Secretary | 2017-06-05 | 2020-07-23 |
| MACLAY MURRAY & SPENS LLP | Corporate Nominee Secretary | 1995-06-19 | 1995-08-07 |
| BAROUTSIS, Aristotelis, Mr. | Director | 2017-08-24 | 2023-08-03 |
| BOYADJIAN, Igor Pierre | Director | 2019-06-03 | 2023-08-03 |
| CAMERON, Brian William | Director | 1998-03-23 | 2000-04-28 |
| CHAPLIN, Jeremy Mcdowell | Director | 2017-08-24 | 2019-09-20 |
| COOKE, Martin Alexander | Director | 2009-11-05 | 2010-02-04 |
| EASTON, Ronald Story | Director | 1998-02-02 | 2000-04-28 |
| FARRAR, Richard William | Director | 2001-05-11 | 2017-06-05 |
| FULLER, Jonathan Andrew | Director | 1997-08-27 | 1999-11-26 |
| GLEN, Trina Catherine | Director | 2000-04-28 | 2009-11-05 |
| GRIBBON, Glen James, Mr. | Director | 2012-02-13 | 2016-03-31 |
| GRIER, Kenneth William | Director | 2001-10-12 | 2018-09-28 |
| HUTCHEON, Graham Robert, Mr. | Director | 2010-03-31 | 2021-06-07 |
| IVORY, Brian Gammell, Sir | Director | 1995-08-07 | 1999-11-18 |
| JACKSON, Barrie Mason | Director | 2000-04-28 | 2005-05-31 |
| MCCAFFER, Stuart John | Director | 1995-08-07 | 1998-02-27 |
| MCCROSKIE, Scott John | Director | 2011-02-01 | 2019-06-03 |
| MCGREGOR, William James | Director | 1995-08-07 | 1998-02-01 |
| O'DONNELL, Gerrard Thomas Paul | Director | 2001-05-11 | 2012-02-13 |
| WILSON, James Simpson | Director | 1995-08-07 | 1999-11-18 |
| VINDEX LIMITED | Corporate Nominee Director | 1995-06-19 | 1995-08-07 |
| VINDEX SERVICES LIMITED | Corporate Nominee Director | 1995-06-19 | 1995-08-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| 1887 Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 190 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-31 | AA | accounts | Accounts with accounts type full | |
| 2024-12-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2023-12-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-24 | AA | accounts | Accounts with accounts type full | |
| 2023-08-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-22 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2022-12-22 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2022-12-16 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2022-12-16 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2022-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-08-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-12-07 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+1.8%
£113,900,000 £115,900,000
-
Cash
-58.8%
£6,800,000 £2,800,000
-
Net assets
-21.1%
£102,100,000 £80,600,000
-
Employees
+5.8%
291 308
-
Operating profit
-96.4%
-£11,200,000 -£22,000,000
-
Profit before tax
-69.1%
-£17,800,000 -£30,100,000
-
Wages
-28.7%
£20,900,000 £14,900,000
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