highland distillers limited
highland distillers limited Company Information
Company Number
SC158731
Next Accounts
Dec 2025
Shareholders
1887 company ltd
Group Structure
View All
Industry
Wholesale of wine, beer, spirits and other alcoholic beverages
+1Registered Address
100 queen street, glasgow, G1 3DN
Website
http://thefamousgrouse.comhighland distillers limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHLAND DISTILLERS LIMITED at £96.2m based on a Turnover of £132.9m and 0.72x industry multiple (adjusted for size and gross margin).
highland distillers limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHLAND DISTILLERS LIMITED at £36.2m based on an EBITDA of £7.4m and a 4.9x industry multiple (adjusted for size and gross margin).
highland distillers limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHLAND DISTILLERS LIMITED at £179.2m based on Net Assets of £102.1m and 1.76x industry multiple (adjusted for liquidity).
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Highland Distillers Limited Overview
Highland Distillers Limited is a live company located in glasgow, G1 3DN with a Companies House number of SC158731. It operates in the distilling, rectifying and blending of spirits sector, SIC Code 11010. Founded in June 1995, it's largest shareholder is 1887 company ltd with a 100% stake. Highland Distillers Limited is a mature, mega sized company, Pomanda has estimated its turnover at £132.9m with healthy growth in recent years.
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Highland Distillers Limited Health Check
Pomanda's financial health check has awarded Highland Distillers Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
8 Weak
Size
annual sales of £132.9m, make it larger than the average company (£25.2m)
£132.9m - Highland Distillers Limited
£25.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (13%)
6% - Highland Distillers Limited
13% - Industry AVG
Production
with a gross margin of 3.9%, this company has a higher cost of product (29%)
3.9% - Highland Distillers Limited
29% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (6.9%)
1.4% - Highland Distillers Limited
6.9% - Industry AVG
Employees
with 291 employees, this is above the industry average (58)
291 - Highland Distillers Limited
58 - Industry AVG
Pay Structure
on an average salary of £113.4k, the company has a higher pay structure (£53.5k)
£113.4k - Highland Distillers Limited
£53.5k - Industry AVG
Efficiency
resulting in sales per employee of £456.7k, this is equally as efficient (£528.5k)
£456.7k - Highland Distillers Limited
£528.5k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (41 days)
22 days - Highland Distillers Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (54 days)
20 days - Highland Distillers Limited
54 days - Industry AVG
Stock Days
it holds stock equivalent to 655 days, this is more than average (292 days)
655 days - Highland Distillers Limited
292 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (5 weeks)
1 weeks - Highland Distillers Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.7%, this is a higher level of debt than the average (55.9%)
78.7% - Highland Distillers Limited
55.9% - Industry AVG
HIGHLAND DISTILLERS LIMITED financials
Highland Distillers Limited's latest turnover from March 2024 is £132.9 million and the company has net assets of £102.1 million. According to their latest financial statements, Highland Distillers Limited has 291 employees and maintains cash reserves of £6.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 132,900,000 | 153,100,000 | 135,500,000 | 111,900,000 | 125,600,000 | 156,600,000 | 137,500,000 | 129,500,000 | 123,500,000 | 146,100,000 | 236,900,000 | 192,800,000 | 178,300,000 | 173,600,000 | 160,800,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 127,700,000 | 137,800,000 | 123,800,000 | 98,300,000 | 109,000,000 | 116,300,000 | 110,800,000 | 106,000,000 | 93,200,000 | 113,800,000 | 183,200,000 | 151,900,000 | 142,200,000 | 135,300,000 | 122,700,000 |
| Gross Profit | 5,200,000 | 15,300,000 | 11,700,000 | 13,600,000 | 16,600,000 | 40,300,000 | 26,700,000 | 23,500,000 | 30,300,000 | 32,300,000 | 53,700,000 | 40,900,000 | 36,100,000 | 38,300,000 | 38,100,000 |
| Admin Expenses | 3,300,000 | 3,200,000 | 5,000,000 | 1,900,000 | 2,900,000 | 2,700,000 | 2,800,000 | -700,000 | 2,900,000 | -2,600,000 | 5,100,000 | 4,000,000 | 5,500,000 | 3,900,000 | 800,000 |
| Operating Profit | 1,900,000 | 12,100,000 | 6,700,000 | 11,700,000 | 13,700,000 | 37,600,000 | 23,900,000 | 24,200,000 | 27,400,000 | 34,900,000 | 48,600,000 | 36,900,000 | 30,600,000 | 34,400,000 | 37,300,000 |
| Interest Payable | 16,200,000 | 6,800,000 | 2,100,000 | 2,100,000 | 1,700,000 | 1,800,000 | 3,800,000 | 600,000 | 3,700,000 | 4,800,000 | 1,000,000 | 1,200,000 | 600,000 | 600,000 | 700,000 |
| Interest Receivable | 1,500,000 | 800,000 | 400,000 | 600,000 | 400,000 | 200,000 | 2,400,000 | 2,700,000 | 3,100,000 | 100,000 | 100,000 | 100,000 | 200,000 | ||
| Pre-Tax Profit | -4,700,000 | 38,100,000 | 14,700,000 | 13,800,000 | 20,300,000 | 68,700,000 | 30,600,000 | 28,500,000 | 44,600,000 | 54,700,000 | 53,200,000 | 35,700,000 | 31,600,000 | 42,500,000 | 36,800,000 |
| Tax | 2,900,000 | -1,100,000 | -3,700,000 | -1,100,000 | -4,300,000 | -7,700,000 | -2,800,000 | -4,300,000 | -4,700,000 | -7,900,000 | -10,200,000 | -8,500,000 | -6,100,000 | -8,000,000 | -10,000,000 |
| Profit After Tax | -1,800,000 | 37,000,000 | 11,000,000 | 12,700,000 | 16,000,000 | 61,000,000 | 27,800,000 | 24,200,000 | 39,900,000 | 46,800,000 | 43,000,000 | 27,200,000 | 25,500,000 | 34,500,000 | 26,800,000 |
| Dividends Paid | 35,000,000 | 5,000,000 | 15,000,000 | 25,000,000 | 30,000,000 | 20,000,000 | 30,000,000 | 25,000,000 | 25,000,000 | 36,000,000 | 30,000,000 | 34,000,000 | 35,000,000 | ||
| Retained Profit | -1,800,000 | 2,000,000 | 6,000,000 | -2,300,000 | -9,000,000 | 30,800,000 | 7,800,000 | -5,800,000 | 14,900,000 | 46,800,000 | 18,000,000 | -8,800,000 | -4,500,000 | 500,000 | -8,200,000 |
| Employee Costs | 33,000,000 | 33,800,000 | 29,400,000 | 16,000,000 | 20,600,000 | 19,000,000 | 15,700,000 | 12,300,000 | 14,000,000 | 14,100,000 | 18,600,000 | 18,600,000 | 18,000,000 | 17,000,000 | 15,000,000 |
| Number Of Employees | 291 | 260 | 245 | 221 | 228 | 230 | 202 | 199 | 227 | 199 | 189 | 179 | 180 | 193 | 217 |
| EBITDA* | 7,400,000 | 17,300,000 | 10,200,000 | 15,600,000 | 17,800,000 | 40,900,000 | 26,800,000 | 26,000,000 | 30,800,000 | 37,600,000 | 48,600,000 | 39,500,000 | 33,400,000 | 36,500,000 | 40,400,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 83,000,000 | 74,200,000 | 156,300,000 | 131,800,000 | 116,000,000 | 81,100,000 | 87,300,000 | 48,200,000 | 44,900,000 | 42,000,000 | 37,400,000 | 34,400,000 | 32,500,000 | 35,600,000 | 35,300,000 |
| Intangible Assets | 26,400,000 | 26,700,000 | 27,000,000 | 27,600,000 | 28,200,000 | 28,800,000 | 27,700,000 | 2,800,000 | 2,600,000 | 800,000 | |||||
| Investments & Other | 64,300,000 | 73,300,000 | 62,700,000 | 64,400,000 | 30,800,000 | 31,000,000 | 30,900,000 | 2,100,000 | 2,400,000 | 2,700,000 | 2,100,000 | 1,600,000 | 1,600,000 | 2,000,000 | |
| Debtors (Due After 1 year) | 14,100,000 | 4,600,000 | 15,300,000 | 8,400,000 | |||||||||||
| Total Fixed Assets | 173,700,000 | 174,200,000 | 169,200,000 | 154,800,000 | 128,900,000 | 109,900,000 | 115,000,000 | 51,000,000 | 47,500,000 | 42,800,000 | 39,500,000 | 34,400,000 | 34,100,000 | 45,600,000 | 37,300,000 |
| Stock & work in progress | 229,500,000 | 205,700,000 | 197,000,000 | 190,300,000 | 181,500,000 | 167,900,000 | 160,800,000 | 145,200,000 | 143,100,000 | 141,300,000 | 138,600,000 | 159,600,000 | 158,500,000 | 156,600,000 | 160,300,000 |
| Trade Debtors | 8,200,000 | 7,800,000 | 8,800,000 | 4,900,000 | 8,800,000 | 11,000,000 | 9,600,000 | 5,300,000 | 9,300,000 | 11,200,000 | 25,700,000 | 27,800,000 | 26,500,000 | 24,200,000 | 23,900,000 |
| Group Debtors | 57,900,000 | 31,900,000 | 26,300,000 | 24,700,000 | 71,900,000 | 71,900,000 | 79,900,000 | 72,000,000 | 64,600,000 | 91,100,000 | 69,300,000 | 63,000,000 | 63,600,000 | 12,500,000 | 39,300,000 |
| Misc Debtors | 3,600,000 | 3,500,000 | 3,500,000 | 1,100,000 | 2,600,000 | 2,200,000 | 1,500,000 | 5,700,000 | 2,300,000 | 2,700,000 | 5,300,000 | 3,900,000 | 4,100,000 | 23,000,000 | 10,600,000 |
| Cash | 6,800,000 | 7,400,000 | 2,300,000 | 5,600,000 | 6,400,000 | 7,300,000 | 7,300,000 | 8,500,000 | 9,500,000 | 7,300,000 | 18,800,000 | 11,100,000 | 10,500,000 | 6,100,000 | 7,700,000 |
| misc current assets | 100,000 | 300,000 | 100,000 | 600,000 | 200,000 | 1,200,000 | 4,100,000 | 1,300,000 | |||||||
| total current assets | 306,000,000 | 256,400,000 | 238,000,000 | 226,900,000 | 271,300,000 | 260,900,000 | 259,300,000 | 237,900,000 | 232,900,000 | 254,900,000 | 257,700,000 | 265,400,000 | 263,200,000 | 222,400,000 | 241,800,000 |
| total assets | 479,700,000 | 430,600,000 | 407,200,000 | 381,700,000 | 400,200,000 | 370,800,000 | 374,300,000 | 288,900,000 | 280,400,000 | 297,700,000 | 297,200,000 | 299,800,000 | 297,300,000 | 268,000,000 | 279,100,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 7,000,000 | 8,000,000 | 17,100,000 | 3,900,000 | 4,100,000 | 2,800,000 | 2,200,000 | 2,100,000 | 2,900,000 | 3,000,000 | 2,800,000 | 3,200,000 | 2,900,000 | 2,400,000 | 1,400,000 |
| Group/Directors Accounts | 320,100,000 | 282,300,000 | 182,000,000 | 147,600,000 | 177,200,000 | 134,300,000 | 122,000,000 | 139,200,000 | 158,800,000 | 177,700,000 | 169,600,000 | 138,800,000 | 144,800,000 | ||
| other short term finances | 100,000 | 193,200,000 | 190,700,000 | 5,000,000 | |||||||||||
| hp & lease commitments | 100,000 | 100,000 | 100,000 | 100,000 | |||||||||||
| other current liabilities | 23,400,000 | 18,300,000 | 71,000,000 | 73,000,000 | 85,100,000 | 85,700,000 | 83,100,000 | 58,900,000 | 48,500,000 | 57,900,000 | 36,000,000 | 35,900,000 | 32,200,000 | 29,000,000 | 35,500,000 |
| total current liabilities | 350,700,000 | 308,700,000 | 281,300,000 | 267,700,000 | 271,300,000 | 241,100,000 | 262,500,000 | 195,300,000 | 173,400,000 | 200,100,000 | 197,600,000 | 216,800,000 | 204,700,000 | 170,200,000 | 181,700,000 |
| loans | 13,200,000 | 200,000 | 1,100,000 | 2,000,000 | 1,400,000 | 5,700,000 | 3,500,000 | 3,000,000 | |||||||
| hp & lease commitments | 100,000 | 100,000 | 100,000 | ||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 5,000,000 | 10,000,000 | |||||||||||||
| provisions | 13,600,000 | 12,200,000 | 22,400,000 | 15,400,000 | 15,800,000 | 6,400,000 | 7,600,000 | 13,200,000 | 16,600,000 | 35,400,000 | 6,300,000 | 7,000,000 | 7,300,000 | 7,800,000 | 8,000,000 |
| total long term liabilities | 26,900,000 | 12,200,000 | 11,200,000 | 7,800,000 | 8,900,000 | 10,200,000 | 15,200,000 | 12,300,000 | 11,800,000 | 20,700,000 | 6,300,000 | 7,000,000 | 7,300,000 | 7,800,000 | 8,000,000 |
| total liabilities | 377,600,000 | 320,900,000 | 292,500,000 | 275,500,000 | 280,200,000 | 251,300,000 | 277,700,000 | 207,600,000 | 185,200,000 | 220,800,000 | 203,900,000 | 223,800,000 | 212,000,000 | 178,000,000 | 189,700,000 |
| net assets | 102,100,000 | 109,700,000 | 114,700,000 | 106,200,000 | 120,000,000 | 119,500,000 | 96,600,000 | 81,300,000 | 95,200,000 | 76,900,000 | 93,300,000 | 76,000,000 | 85,300,000 | 90,000,000 | 89,400,000 |
| total shareholders funds | 102,100,000 | 109,700,000 | 114,700,000 | 106,200,000 | 120,000,000 | 119,500,000 | 96,600,000 | 81,300,000 | 95,200,000 | 76,900,000 | 93,300,000 | 76,000,000 | 85,300,000 | 90,000,000 | 89,400,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,900,000 | 12,100,000 | 6,700,000 | 11,700,000 | 13,700,000 | 37,600,000 | 23,900,000 | 24,200,000 | 27,400,000 | 34,900,000 | 48,600,000 | 36,900,000 | 30,600,000 | 34,400,000 | 37,300,000 |
| Depreciation | 5,100,000 | 4,800,000 | 2,900,000 | 3,300,000 | 3,500,000 | 3,200,000 | 2,800,000 | 1,700,000 | 3,300,000 | 2,700,000 | 2,600,000 | 2,800,000 | 2,100,000 | 3,100,000 | |
| Amortisation | 400,000 | 400,000 | 600,000 | 600,000 | 600,000 | 100,000 | 100,000 | 100,000 | 100,000 | ||||||
| Tax | 2,900,000 | -1,100,000 | -3,700,000 | -1,100,000 | -4,300,000 | -7,700,000 | -2,800,000 | -4,300,000 | -4,700,000 | -7,900,000 | -10,200,000 | -8,500,000 | -6,100,000 | -8,000,000 | -10,000,000 |
| Stock | 23,800,000 | 8,700,000 | 6,700,000 | 8,800,000 | 13,600,000 | 7,100,000 | 15,600,000 | 2,100,000 | 1,800,000 | 2,700,000 | -21,000,000 | 1,100,000 | 1,900,000 | -3,700,000 | 160,300,000 |
| Debtors | 26,500,000 | -9,500,000 | 17,400,000 | -63,300,000 | 13,500,000 | -5,900,000 | 8,000,000 | 6,800,000 | -28,800,000 | 4,700,000 | 5,600,000 | 500,000 | 26,100,000 | -5,700,000 | 73,800,000 |
| Creditors | -1,000,000 | -9,100,000 | 13,200,000 | -200,000 | 1,300,000 | 600,000 | 100,000 | -800,000 | -100,000 | 200,000 | -400,000 | 300,000 | 500,000 | 1,000,000 | 1,400,000 |
| Accruals and Deferred Income | 5,100,000 | -52,700,000 | -2,000,000 | -12,100,000 | -600,000 | 2,600,000 | 24,200,000 | 10,400,000 | -9,400,000 | 21,900,000 | 100,000 | 3,700,000 | 3,200,000 | -6,500,000 | 35,500,000 |
| Deferred Taxes & Provisions | 1,400,000 | -10,200,000 | 7,000,000 | -400,000 | 9,400,000 | -1,200,000 | -5,600,000 | -3,400,000 | -18,800,000 | 29,100,000 | -700,000 | -300,000 | -500,000 | -200,000 | 8,000,000 |
| Cash flow from operations | -34,500,000 | -55,000,000 | 600,000 | 56,300,000 | -3,500,000 | 34,000,000 | 19,100,000 | 19,000,000 | 24,800,000 | 73,500,000 | 33,100,000 | 2,500,000 | 32,200,000 | -158,800,000 | |
| Investing Activities | |||||||||||||||
| capital expenditure | -2,600,000 | ||||||||||||||
| Change in Investments | -9,000,000 | 10,600,000 | -1,700,000 | 33,600,000 | -200,000 | 100,000 | 28,800,000 | -300,000 | -300,000 | 600,000 | 2,100,000 | -1,600,000 | -400,000 | 2,000,000 | |
| cash flow from investments | -4,600,000 | ||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 37,800,000 | 282,300,000 | -182,000,000 | 34,400,000 | -29,600,000 | 42,900,000 | 12,300,000 | -17,200,000 | -19,600,000 | -18,900,000 | 8,100,000 | 30,800,000 | -6,000,000 | 144,800,000 | |
| Other Short Term Loans | 100,000 | -193,200,000 | 2,500,000 | 190,700,000 | -5,000,000 | 5,000,000 | |||||||||
| Long term loans | 13,200,000 | -200,000 | -900,000 | -900,000 | 600,000 | -4,300,000 | 2,200,000 | 500,000 | 3,000,000 | ||||||
| Hire Purchase and Lease Commitments | 100,000 | 100,000 | -200,000 | 200,000 | |||||||||||
| other long term liabilities | -5,000,000 | -5,000,000 | 10,000,000 | ||||||||||||
| share issue | |||||||||||||||
| interest | -14,700,000 | -6,000,000 | -1,700,000 | -1,500,000 | -1,300,000 | -1,600,000 | -1,400,000 | -600,000 | -1,000,000 | -1,700,000 | -900,000 | -1,200,000 | -500,000 | -500,000 | -500,000 |
| cash flow from financing | 30,700,000 | 76,200,000 | 2,900,000 | -5,200,000 | 31,900,000 | -38,500,000 | 54,700,000 | 5,800,000 | -14,300,000 | -81,500,000 | -20,500,000 | 6,400,000 | 30,100,000 | -6,400,000 | 241,900,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -600,000 | 5,100,000 | -3,300,000 | -800,000 | -900,000 | -1,200,000 | -1,000,000 | 2,200,000 | -11,500,000 | 7,700,000 | 600,000 | 4,400,000 | -1,600,000 | 7,700,000 | |
| overdraft | |||||||||||||||
| change in cash | -600,000 | 5,100,000 | -3,300,000 | -800,000 | -900,000 | -1,200,000 | -1,000,000 | 2,200,000 | -11,500,000 | 7,700,000 | 600,000 | 4,400,000 | -1,600,000 | 7,700,000 |
highland distillers limited Credit Report and Business Information
Highland Distillers Limited Competitor Analysis
Perform a competitor analysis for highland distillers limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in G 1 area or any other competitors across 12 key performance metrics.
highland distillers limited Ownership
HIGHLAND DISTILLERS LIMITED group structure
Highland Distillers Limited has 7 subsidiary companies.
Ultimate parent company
2 parents
HIGHLAND DISTILLERS LIMITED
SC158731
7 subsidiaries
highland distillers limited directors
Highland Distillers Limited currently has 2 directors. The longest serving directors include Ms Lindsay Campbell (Sep 2019) and Mr Jeremy Chaplin (Aug 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Lindsay Campbell | Scotland | 55 years | Sep 2019 | - | Director |
| Mr Jeremy Chaplin | Scotland | 53 years | Aug 2023 | - | Director |
P&L
March 2024turnover
132.9m
-13%
operating profit
1.9m
-84%
gross margin
4%
-60.85%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
102.1m
-0.07%
total assets
479.7m
+0.11%
cash
6.8m
-0.08%
net assets
Total assets minus all liabilities
highland distillers limited company details
company number
SC158731
Type
Private limited with Share Capital
industry
46342 - Wholesale of wine, beer, spirits and other alcoholic beverages
11010 - Distilling, rectifying and blending of spirits
incorporation date
June 1995
age
30
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
highland distillers operations limited (April 2001)
highland malt distilling limited (June 1998)
accountant
-
auditor
DELOITTE LLP
address
100 queen street, glasgow, G1 3DN
Bank
-
Legal Advisor
-
highland distillers limited Charges & Mortgages
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 12 charges/mortgages relating to highland distillers limited. Currently there are 1 open charges and 11 have been satisfied in the past.
highland distillers limited Capital Raised & Share Issues BETA
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highland distillers limited Companies House Filings - See Documents
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