THE GLENALLACHIE DISTILLERS CO LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. THE GLENALLACHIE DISTILLERS CO LIMITED 2017-10-03 → present
2. THE GLENALLACHIE DISTILLERS LIMITED 2017-10-03 → 2017-10-03
3. EXCHANGELAW (703) LIMITED 2017-03-01 → 2017-10-03

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

“The company is continuing to trade comfortably within its current banking facilities that has a repayment date of February 2027. The company meets day to day working capital needs through internal cash management. In the current year, as part of management's consideration of going concern, the Board have sensitised its forecasts and projections to June 2026, taking into account possible changes in trading circumstances to determine when and to what extent additional measures may be necessary to protect the business and are confident in our ability to meet all obligations. The financial statements have therefore been prepared on the going concern basis and no material uncertainties have been identified.”

Significant events

• “The Scotch Whisky industry has experienced a significant global downturn in demand linked to current macro economic conditions, which has also been reflected in GlenAllachie results.”
• “A Mechanical Vapour Recompression implementation is currently being installed at our distillery at a cost of £2.6 million for which we have received grant funding from the Scottish Government of £1.3 million to help fund the purchase. The MVR system will reduce the amount of steam used to distil the wash, utilising waste heat and electrical energy, and a reduction in natural gas for heating the stills.”
• “The Mechanical Vapour Recompression (MVR) system will be completed, and site back in full production by July. This project will increase efficiency by changing the balance of energy used towards electricity which will be from green source.”
• “Plans are in place for the construction of two new racked warehouses in 2026 in line with the continued laydown of inventory for future revenue generation.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -13.7%

  £23,201,286 → £20,013,314

• Cash

  +20.3%

  £67,448 → £81,137

• Net assets

  +10.8%

  £43,149,497 → £47,807,920

• Employees

  +2.9%

  35 → 36

• Operating profit

  -20.5%

  £9,945,754 → £7,904,143

• Profit before tax

  -23.2%

  £8,942,659 → £6,868,581

• Wages

  +36.4%

  £1,209,970 → £1,650,535

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