THE ARTISANAL SPIRITS COMPANY PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-19 (in 4mo)
Last made up 2025-09-05
Watchouts
None on the register
Cash
£3M
+132.2% vs 2023
Net assets
£15M
-17.6% vs 2023
Employees
128
-3.8% vs 2023
Profit before tax
-£3M
+12.1% vs 2023
Name history
Renamed 3 times since incorporation
- THE ARTISANAL SPIRITS COMPANY PLC 2021-05-10 → present
- THE ARTISANAL SPIRITS COMPANY LIMITED 2016-03-16 → 2021-05-10
- THE SCOTCH MALT WHISKY (HOLDINGS) LIMITED 2015-03-31 → 2016-03-16
- NMWS 3110 LIMITED 2014-11-03 → 2015-03-31
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £23,500,000 | £23,601,000 | |
| Operating profit | -£2,138,000 | -£717,000 | |
| Profit before tax | -£3,575,000 | -£3,142,000 | |
| Net profit | -£3,733,000 | -£3,251,000 | |
| Cash | £1,235,000 | £2,868,000 | |
| Total assets less current liabilities | £45,247,000 | £44,584,000 | |
| Net assets | £18,275,000 | £15,056,000 | |
| Equity | £18,275,000 | £15,056,000 | |
| Average employees | 133 | 128 | |
| Wages | £5,873,000 | £6,331,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -9.1% | -3.0% | |
| Net margin | -15.9% | -13.8% | |
| Return on capital employed | -4.7% | -1.6% | |
| Gearing (liabilities / total assets) | 63.3% | 71.2% | |
| Current ratio | 8.00x | 5.05x | |
| Interest cover | -1.41x | -0.29x |
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
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are, at the time of approving the financial statements, satisfied that the Group and Company have adequate resources to continue in operational existence for a period of at least 12 months.”
Group structure
- THE ARTISANAL SPIRITS COMPANY PLC · parent
- The Scotch Malt Whisky Society Japan Limited 100%
- The Scotch Malt Whisky Society Limited 75%
- The Scotch Malt Whisky Trading (Shanghai) Limited 75%
- The Artisanal Spirit Company Hong Kong 75%
- The Scotch Malt Whisky Society Taiwan Co. Ltd. 70%
- The Scotch Malt Whisky UK Society Limited 100%
- ASC Scotland Limited 100%
- J.G. Thomson Limited 100%
- The Artisanal Spirits Company (Ireland) Limited 100%
- The Artisanal Spirits Company Pty Ltd 100%
- The Artisanal Spirits Company (America), Inc 100%
- The Independent Spirits Company Inc 100%
Significant events
- “In January 2024, ASC successfully completed the acquisition of SCN, a US business that is both complementary and incremental to our existing business”
- “During 2024 we undertook a range review, the first part of which, the Creator's Collection, was released in November and was well received, with more to come in 2025 as New Product Development continues alongside the ongoing success of the Heresy range.”
- “In July 2024, the ASC Group carried out its first formal independent valuation of the cask spirit inventory. The 18,000 casks were valued at around £102m, representing around 4x the NBV and Net Debt of the Group.”
- “This year marks a significant milestone for our Company as we delivered our first positive EBITDA since our IPO.”
- “We have taken major steps to unlock the potential of the US market as we take more active control over operations allowing us to expand more rapidly and more efficiently in the USA.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AITKEN, Douglas Henderson | Secretary | 2021-09-01 | — | — |
| BEDINGHAM, Mark Francis | Director | 2015-09-01 | May 1955 | British |
| DANE, Andrew William | Director | 2020-09-17 | Jul 1983 | British |
| HEWITT, Gavin Wallace | Director | 2015-03-27 | Oct 1944 | British |
| HUNTER, Mark Roderick | Director | 2021-03-24 | Jan 1963 | British |
| JACKSON, Veronica Lesley | Director | 2021-06-02 | Feb 1964 | British |
| MCCARTER, William | Director | 2023-05-17 | Mar 1984 | British |
| PAGE, Helen Margaret | Director | 2021-06-02 | Jan 1970 | British |
| SKIPWORTH, Paul Henry | Director | 2015-03-30 | Feb 1968 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BREMNER, William Alexander | Secretary | 2015-04-20 | 2021-09-01 |
| IVALO, Kai | Director | 2015-01-23 | 2020-09-17 |
| MILES, Paul Julian | Director | 2015-01-23 | 2016-05-13 |
| MORSE, Stella Helen | Director | 2019-06-28 | 2021-06-02 |
| NIMMO, Thomas William John | Director | 2014-11-03 | 2015-01-23 |
| RIDLEY, David John | Director | 2017-04-06 | 2023-01-24 |
| SCHARBERT, Markus | Director | 2014-11-03 | 2015-01-23 |
| SHALFROOSHAN, Mehdi | Director | 2015-09-01 | 2021-06-02 |
| THOMSON, Benjamin John Paget | Director | 2015-03-30 | 2021-06-02 |
| NMWS CO SEC LIMITED | Corporate Director | 2015-01-23 | 2015-04-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Inverleith Limited Partnership | Corporate entity | Shares 25–50%, Voting 25–50% | 2019-09-03 | Ceased 2021-06-04 |
Filing timeline
Last 20 of 109 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-29 RESOLUTIONS Resolution
- 2024-06-14 RESOLUTIONS Resolution
- 2023-06-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-26 | SH01 | capital | Capital allotment shares | |
| 2025-09-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-01 | SH01 | capital | Capital allotment shares | |
| 2025-05-29 | AA | accounts | Accounts with accounts type group | |
| 2025-05-29 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-04 | SH01 | capital | Capital allotment shares | |
| 2024-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-14 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-14 | AA | accounts | Accounts with accounts type group | |
| 2024-04-19 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2023-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-06 | SH01 | capital | Capital allotment shares | |
| 2023-06-21 | SH01 | capital | Capital allotment shares | |
| 2023-06-09 | SH01 | capital | Capital allotment shares | |
| 2023-06-07 | AA | accounts | Accounts with accounts type group | |
| 2023-06-07 | RESOLUTIONS | resolution | Resolution | |
| 2023-05-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-24 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 3
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+0.4%
£23,500,000 £23,601,000
-
Cash
+132.2%
£1,235,000 £2,868,000
-
Net assets
-17.6%
£18,275,000 £15,056,000
-
Employees
-3.8%
133 128
-
Operating profit
+66.5%
-£2,138,000 -£717,000
-
Profit before tax
+12.1%
-£3,575,000 -£3,142,000
-
Wages
+7.8%
£5,873,000 £6,331,000
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