Morrison Scotch Whisky Distillers Limited

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morrison scotch whisky distillers limited Company Information

Live

MatureMidRapid

Company Number

SC078618

Website

http://mandmwhisky.co.uk

Registered Address

kincardine house aberargie, perth, PH2 9LX

Industry

Manufacture of other non-distilled fermented beverages

Telephone

01738787044

Next Accounts Due

September 2024

Group Structure

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Directors

Jamie Morrison19 Years

William Morrison19 Years

View All

Shareholders

kic (holdings) ltd 100%

morrison scotch whisky distillers limited Estimated Valuation

£16.5m

Pomanda estimates the enterprise value of MORRISON SCOTCH WHISKY DISTILLERS LIMITED at £16.5m based on a Turnover of £11.6m and 1.43x industry multiple (adjusted for size and gross margin).

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Morrison Scotch Whisky Distillers Limited is a live company located in perth, PH2 9LX with a Companies House number of SC078618. It operates in the manufacture of other non-distilled fermented beverages sector, SIC Code 11040. Founded in May 1982, it's largest shareholder is kic (holdings) ltd with a 100% stake. Morrison Scotch Whisky Distillers Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.6m with rapid growth in recent years.

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Pomanda's financial health check has awarded Morrison Scotch Whisky Distillers Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £11.6m, make it smaller than the average company (£19.5m)

Growth

3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (0.5%)

EXPORT

Morrison Scotch Whisky Distillers Limited's latest turnover from December 2022 is estimated at £11.6 million and the company has net assets of £2.3 million. According to their latest financial statements, Morrison Scotch Whisky Distillers Limited has 23 employees and maintains cash reserves of £684.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	11,563,002	5,347,100	4,120,806	4,151,792	4,501,861	7,762,579	3,645,375	4,899,225	3,199,992	5,385,016	2,666,676	1,895,576	2,169,807	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,525,142	4,532,026	3,418,067	3,270,774	3,570,914	6,237,604	2,716,384	3,650,701	2,506,264	4,369,600	2,182,737	1,432,977	1,499,725	0
Gross Profit	3,037,860	815,073	702,738	881,018	930,947	1,524,975	1,386,760	1,054,885	693,728	1,015,416	483,939	462,599	670,083	0
Admin Expenses	2,483,370	638,284	829,104	372,788	697,903	1,325,584	1,004,410	720,261	478,679	831,764	237,666	456,073	775,323	1,887,318
Operating Profit	554,490	176,789	-126,366	508,230	233,044	199,391	382,350	334,624	215,049	183,652	246,273	6,526	-105,240	-1,887,318
Interest Payable	33,074	12,269	0	275	275	0	131,962	108,587	0	0	0	0	0	0
Interest Receivable	23,280	1,505	683	4,007	1,764	1,268	0	0	731	825	610	325	307	161
Pre-Tax Profit	544,696	166,025	-125,683	511,962	234,532	200,659	250,388	226,037	215,780	184,477	246,883	6,851	-104,933	-1,887,157
Tax	-103,492	-31,545	0	-97,273	-44,561	-38,125	0	0	-45,314	-42,430	-59,252	-1,781	0	0
Profit After Tax	441,204	134,480	-125,683	414,689	189,971	162,534	250,388	226,037	170,466	142,047	187,631	5,070	-104,933	-1,887,157
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	441,204	134,480	-125,683	414,689	189,971	162,534	250,388	226,037	170,466	142,047	187,631	5,070	-104,933	-1,887,157
Employee Costs	793,207	792,256	698,079	563,843	709,043	567,281	477,794	456,728	359,398	542,986	238,053	182,375	207,818	0
Number Of Employees	23	20	18	16	20	17	15	15	12	17	8	7	6	0
EBITDA*	697,775	254,960	-54,389	582,401	319,966	263,040	417,008	368,464	248,961	219,664	279,885	42,932	-66,748	-1,846,602

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	274,865	325,988	237,371	307,428	370,387	438,446	657,311	592,733	607,454	623,670	638,696	652,664	679,878	718,370
Intangible Assets	311,215	284,997	32,964	9,444	4,502	6,002	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	586,080	610,985	270,335	316,872	374,889	444,448	657,311	592,733	607,454	623,670	638,696	652,664	679,878	718,370
Stock & work in progress	1,127,906	1,017,730	793,803	665,668	732,040	639,876	373,413	311,882	302,251	294,561	242,752	341,802	374,566	402,150
Trade Debtors	2,618,886	901,080	460,656	671,559	763,618	678,580	515,196	534,059	577,421	391,826	400,503	343,694	297,102	344,398
Group Debtors	250,830	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	72,267	22,027	0	0	0	0	0	0	0	0	0	0	0	0
Cash	684,115	646,180	557,420	808,242	260,219	210,088	297,293	215,731	134,376	157,890	172,102	71,785	58,343	64,549
misc current assets	0	0	0	0	0	0	0	0	9,527	0	2,726	0	0	0
total current assets	4,754,004	2,587,017	1,811,879	2,145,469	1,755,877	1,528,544	1,185,902	1,061,672	1,023,575	844,277	818,083	757,281	730,011	811,097
total assets	5,340,084	3,198,002	2,082,214	2,462,341	2,130,766	1,972,992	1,843,213	1,654,405	1,631,029	1,467,947	1,456,779	1,409,945	1,409,889	1,529,467
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	100,191	392,593	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,753,011	642,383	315,502	533,265	364,272	569,829	635,031	419,141	386,405	223,403	291,078	410,716	856,833	853,414
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	8,159	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	886,870	274,847	0	0	186,843	0	0	0	0	0	0	0	0	0
total current liabilities	2,740,072	1,309,823	315,502	533,265	559,274	569,829	635,031	419,141	386,405	223,403	291,078	410,716	856,833	853,414
loans	203,512	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	31,981	0	32,347	0	0	0
other liabilities	0	0	13,013	49,694	106,799	128,441	95,994	373,464	576,880	779,247	810,104	863,610	422,507	440,571
provisions	67,117	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	270,629	0	13,013	49,694	106,799	128,441	95,994	373,464	608,861	779,247	842,451	863,610	422,507	440,571
total liabilities	3,010,701	1,309,823	328,515	582,959	666,073	698,270	731,025	792,605	995,266	1,002,650	1,133,529	1,274,326	1,279,340	1,293,985
net assets	2,329,383	1,888,179	1,753,699	1,879,382	1,464,693	1,274,722	1,112,188	861,800	635,763	465,297	323,250	135,619	130,549	235,482
total shareholders funds	2,329,383	1,888,179	1,753,699	1,879,382	1,464,693	1,274,722	1,112,188	861,800	635,763	465,297	323,250	135,619	130,549	235,482

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	554,490	176,789	-126,366	508,230	233,044	199,391	382,350	334,624	215,049	183,652	246,273	6,526	-105,240	-1,887,318
Depreciation	95,498	63,940	62,208	71,061	85,422	62,148	34,658	33,840	33,912	36,012	33,612	36,406	38,492	40,716
Amortisation	47,787	14,231	9,769	3,110	1,500	1,501	0	0	0	0	0	0	0	0
Tax	-103,492	-31,545	0	-97,273	-44,561	-38,125	0	0	-45,314	-42,430	-59,252	-1,781	0	0
Stock	110,176	223,927	128,135	-66,372	92,164	266,463	61,531	9,631	7,690	51,809	-99,050	-32,764	-27,584	402,150
Debtors	2,018,876	462,451	-210,903	-92,059	85,038	163,384	-18,863	-43,362	185,595	-8,677	56,809	46,592	-47,296	344,398
Creditors	1,110,628	326,881	-217,763	168,993	-205,557	-65,202	215,890	32,736	163,002	-67,675	-119,638	-446,117	3,419	853,414
Accruals and Deferred Income	612,023	274,847	0	-186,843	186,843	0	0	-31,981	31,981	-32,347	32,347	0	0	0
Deferred Taxes & Provisions	67,117	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	254,999	138,765	-189,384	625,709	79,489	-270,134	590,230	402,950	205,345	34,080	175,583	-418,794	11,551	-1,739,736
Investing Activities
capital expenditure	-118,380	-418,821	-25,440	-16,154	-17,363	149,214	-99,236	-19,119	-17,696	-20,986	-19,644	-9,192	0	-759,086
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-118,380	-418,821	-25,440	-16,154	-17,363	149,214	-99,236	-19,119	-17,696	-20,986	-19,644	-9,192	0	-759,086
Financing Activities
Bank loans	-292,402	392,593	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	-8,159	8,159	0	0	0	0	0	0	0	0	0
Long term loans	203,512	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-13,013	-36,681	-57,105	-21,642	32,447	-277,470	-203,416	-202,367	-30,857	-53,506	441,103	-18,064	440,571
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2,122,639
interest	-9,794	-10,764	683	3,732	1,489	1,268	-131,962	-108,587	731	825	610	325	307	161
cash flow from financing	-98,684	368,816	-35,998	-61,532	-11,994	33,715	-409,432	-312,003	-201,636	-30,032	-52,896	441,428	-17,757	2,563,371
cash and cash equivalents
cash	37,935	88,760	-250,822	548,023	50,131	-87,205	81,562	81,355	-23,514	-14,212	100,317	13,442	-6,206	64,549
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	37,935	88,760	-250,822	548,023	50,131	-87,205	81,562	81,355	-23,514	-14,212	100,317	13,442	-6,206	64,549

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MORRISON SCOTCH WHISKY DISTILLERS LIMITED group structure

Morrison Scotch Whisky Distillers Limited has no subsidiary companies.

Ultimate parent company

KINCARDINE LIMITED

13357039

KIC (HOLDINGS) LIMITED

SC198237

2 parents

MORRISON SCOTCH WHISKY DISTILLERS LIMITED

SC078618

MORRISON SCOTCH WHISKY DISTILLERS LIMITED Shareholders

kic (holdings) ltd

100%

Morrison Scotch Whisky Distillers Limited currently has 6 directors. The longest serving directors include Mr Jamie Morrison (Jan 2005) and Mr William Morrison (Jan 2005).

officer	country	age	start	end	role
Mr Jamie Morrison	United Kingdom	50 years	Jan 2005	-	Director
Mr William Morrison		80 years	Jan 2005	-	Director
Mr Richard Bedford	Scotland	57 years	Aug 2023	-	Director
Mr Graeme MacKeddie	Scotland	36 years	Sep 2023	-	Director
Mr Pieter Hendriksz	Scotland	44 years	Sep 2023	-	Director
Mr Garry Coull	Scotland	42 years	Sep 2023	-	Director

P&L

December 2022

turnover

11.6m

+116%

operating profit

554.5k

gross margin

26.3%

+72.35%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

2.3m

+0.23%

total assets

5.3m

+0.67%

cash

684.1k

+0.06%

net assets

Total assets minus all liabilities

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company number

SC078618

Type

Private limited with Share Capital

industry

11040 - Manufacture of other non-distilled fermented beverages

incorporation date

May 1982

age

accounts

Small Company

ultimate parent company

KINCARDINE LIMITED

previous names

morrison & mackay limited (August 2020)

the scottish liqueur centre limited (February 2014)

incorporated

address

kincardine house aberargie, perth, PH2 9LX

last accounts submitted

December 2022

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 8 charges/mortgages relating to morrison scotch whisky distillers limited. Currently there are 1 open charges and 7 have been satisfied in the past.

morrison scotch whisky distillers limited Company Information

morrison scotch whisky distillers limited Estimated Valuation

morrison scotch whisky distillers limited Estimated Valuation

morrison scotch whisky distillers limited Estimated Valuation

Morrison Scotch Whisky Distillers Limited Overview

Morrison Scotch Whisky Distillers Limited Health Check

MORRISON SCOTCH WHISKY DISTILLERS LIMITED financials

morrison scotch whisky distillers limited Credit Report and Business Information

Morrison Scotch Whisky Distillers Limited Competitor Analysis

morrison scotch whisky distillers limited Ownership

morrison scotch whisky distillers limited directors

morrison scotch whisky distillers limited company details

morrison scotch whisky distillers limited Charges & Mortgages

morrison scotch whisky distillers limited Companies House Filings - See Documents