THE 1887 COMPANY 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
£118M
+269.7% vs 2024
Net assets
£2B
+1.9% vs 2024
Employees
2,093
+34.5% vs 2024
Profit before tax
£241M
-27.9% vs 2024
Name history
Renamed 2 times since incorporation
- THE 1887 COMPANY LIMITED 2000-02-23 → present
- 1887 PLC. 1999-09-08 → 2000-02-23
- EDRINGTON GRANT PLC 1999-08-13 → 1999-09-08
Profit before tax
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £1,028,200,000 | £895,600,000 | |
| Operating profit | £375,900,000 | £287,100,000 | |
| Profit before tax | £334,300,000 | £241,100,000 | |
| Net profit | £213,300,000 | £161,900,000 | |
| Cash | £32,000,000 | £118,300,000 | |
| Total assets less current liabilities | £2,025,500,000 | £2,063,900,000 | |
| Net assets | — | — | |
| Equity | £940,400,000 | £1,086,500,000 | |
| Average employees | 1,556 | 2,093 | |
| Wages | £123,200,000 | £157,700,000 |
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 | 36.6% | 32.1% | |
| Net margin | 20.7% | 18.1% | |
| Return on capital employed | 18.6% | 13.9% | |
| Current ratio | 4.08x | 3.43x | |
| Interest cover | 8.91x | 6.17x |
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
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the Board of Directors has a reasonable expectation that the Group will be able to meet its financial obligations for the foreseeable future and has adequate resources to continue to operate for at least 12 months from the date of this annual report. The directors therefore consider it appropriate to adopt the going concern basis in preparing these financial statements.”
Group structure
- THE 1887 COMPANY LIMITED · parent
- Edrington Distillers Limited 100%
- Highland Distillers Limited 100%
- The Glenrothes Distillery Company Limited 100%
- GT Distillery Limited 100%
- BB&R Spirits Limited 100%
- Highland Distribution Company Limited 100%
- Edrington Mexico S.A. de C.V. 100%
- Importadora EMEX S.A. de C.V. 100%
- Servicios 1824 S.A. de C.V 100%
- Edrington Middle East and Africa 100%
- Edrington European Travel Retail Limited 100%
- Edrington Danmark A/S 100%
- Edrington Sweden AB 100%
- Edrington Finland OY 100%
- Edrington Norge AS 100%
- Edrington Singapore Pte Limited 100%
- Edrington Taiwan Limited 87.5%
- Edrington Shanghai Limited 100%
- Edrington Hong Kong Limited 100%
- Edrington (Malaysia) SDN BHD 100%
- The Edrington Group USA, LLC 100%
- Edrington France SAS 100%
- Highland Distribution Netherlands Limited 100%
- Highland Distribution Ventures Limited 100%
- Edrington UK Distribution Limited 100%
- Highland Distribution Holdings Limited 100%
- Highland Distillers Group Limited 100%
- HS (Distillers) Limited 100%
- The Macallan Distillers Limited 100%
- Macallan Property Development Company Limited 75%
- Macallan Property Company Limited 75%
- Matthew Gloag & Son Limited 100%
- James Grant & Company (Highland Park Distillery) Limited 100%
- Vasyma S.L 100%
- Destiladores y Bodegueros S.L.U. 100%
- The Famous Grouse Limited 100%
Significant events
- “During the year we announced the agreement to sell The Famous Grouse and Naked Malt brands to William Grant and Sons. The sale of these brands supports our strategy to focus on ultra-premium spirits. The transaction is subject to, among other things, obtaining the requisite regulatory approvals in the UK which was received on 6 March 2025. The sale is considered to be highly probable as at 31 March 2025 and it is expected to complete in the year ending 31 March 2026. Consequently, we are recording the net profit from these brands as discontinued operations in our income statement and the impacted assets were classified as held for sale on 31 March 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MURRAY, Gavin James | Secretary | 2020-09-01 | — | — |
| COCKBURN, Angus George | Director | 2025-04-01 | Jun 1963 | British |
| GORDON, Grant Glenn | Director | 2013-05-29 | Oct 1957 | British |
| GREENWOOD, Rita Maria | Director | 2024-06-19 | May 1968 | British |
| HYDE, Paul Andrew | Director | 2016-09-07 | Sep 1972 | British |
| MCCROSKIE, Scott John | Director | 2017-06-05 | Nov 1967 | British |
| SAUNDERS, Michael Stephen | Director | 2011-02-25 | Oct 1966 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COOKE, Martin Alexander | Secretary | 1999-08-13 | 2020-08-31 |
| CURLE, Ian Barrett | Director | 1999-08-13 | 2019-03-29 |
| DAVID, Stella Julie | Director | 2013-06-10 | 2016-02-29 |
| DOLLMAN, Paul Bernard | Director | 1999-09-09 | 2002-12-31 |
| FARRAR, Richard William | Director | 2013-06-10 | 2017-06-05 |
| FERRAN LARRAZ, Francisco Javier | Director | 2009-10-26 | 2012-05-01 |
| GILLIES, Crawford Scott | Director | 2023-03-15 | 2025-04-01 |
| GOOD, John James Griffen, Sir | Director | 1999-08-13 | 2004-05-28 |
| GORDON, Glenn Grant | Director | 2003-05-22 | 2004-04-29 |
| GORDON, Grant Glenn | Director | 1999-09-09 | 2000-05-05 |
| GRAHAM, Heather Claire | Director | 2007-01-01 | 2008-10-27 |
| HOWARD, Niall Mcleod | Director | 2003-01-06 | 2003-06-30 |
| HUNT, Anthony Leonard | Director | 1999-09-09 | 2007-01-01 |
| HUNTER, Richard Jackson Arrol | Director | 2004-05-28 | 2014-07-01 |
| JACKSON, Barrie Mason | Director | 1999-09-09 | 2005-05-31 |
| JACKSON, Veronica Lesley, Ms. | Director | 2008-09-01 | 2011-02-25 |
| LAMONT, Michael | Director | 2019-12-16 | 2020-09-10 |
| SHORT, Alexander Brian Cooper | Director | 2014-09-22 | 2016-07-04 |
| SHORT, Alexander Brian Cooper | Director | 2003-06-30 | 2008-05-26 |
| STRAIN, Dermid Martin | Director | 2011-11-01 | 2013-04-30 |
| THOMAS, Patrick Marie Charles | Director | 2000-05-05 | 2003-04-16 |
| VAN BOMMEL, Roland | Director | 2008-01-01 | 2009-09-18 |
| WILSON, Giles Robert Bryant | Director | 2022-03-22 | 2024-05-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| William Grant &Sons (Enterprises) Limited | Corporate entity | Voting 25–50% | 2016-04-06 | Active |
| The Edrington Group Limited | Corporate entity | Shares 75–100%, Voting 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 187 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-04 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-08-21 | AA | accounts | Accounts with accounts type group | |
| 2025-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-06 | AA | accounts | Accounts with accounts type group | |
| 2024-06-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-16 | TM01 | officers | Termination director company with name termination date | |
| 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 | |
| 2023-08-01 | AA | accounts | Accounts with accounts type group | |
| 2023-03-21 | 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
-12.9%
£1,028,200,000 £895,600,000
-
Cash
+269.7%
£32,000,000 £118,300,000
-
Net assets
—
Not reported
-
Employees
+34.5%
1,556 2,093
-
Operating profit
-23.6%
£375,900,000 £287,100,000
-
Profit before tax
-27.9%
£334,300,000 £241,100,000
-
Wages
+28%
£123,200,000 £157,700,000
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