the glenallachie distillers co limited
the glenallachie distillers co limited Company Information
Company Number
SC559073
Website
macnairs.comRegistered Address
glenallachie distillery, glenallachie, aberlour, banffshire, AB38 9LR
Industry
Wholesale of wine, beer, spirits and other alcoholic beverages
Distilling, rectifying and blending of spirits
Telephone
441236442120
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
william james walker 98.6%
alistair james graham stevenson 1.2%
View Allthe glenallachie distillers co limited Estimated Valuation
Pomanda estimates the enterprise value of THE GLENALLACHIE DISTILLERS CO LIMITED at £43.8m based on a Turnover of £23.2m and 1.89x industry multiple (adjusted for size and gross margin).
the glenallachie distillers co limited Estimated Valuation
Pomanda estimates the enterprise value of THE GLENALLACHIE DISTILLERS CO LIMITED at £147.4m based on an EBITDA of £13.4m and a 10.97x industry multiple (adjusted for size and gross margin).
the glenallachie distillers co limited Estimated Valuation
Pomanda estimates the enterprise value of THE GLENALLACHIE DISTILLERS CO LIMITED at £103.5m based on Net Assets of £43.1m and 2.4x industry multiple (adjusted for liquidity).
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The Glenallachie Distillers Co Limited Overview
The Glenallachie Distillers Co Limited is a live company located in aberlour, AB38 9LR with a Companies House number of SC559073. It operates in the distilling, rectifying and blending of spirits sector, SIC Code 11010. Founded in March 2017, it's largest shareholder is william james walker with a 98.6% stake. The Glenallachie Distillers Co Limited is a young, large sized company, Pomanda has estimated its turnover at £23.2m with rapid growth in recent years.
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The Glenallachie Distillers Co Limited Health Check
Pomanda's financial health check has awarded The Glenallachie Distillers Co Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £23.2m, make it in line with the average company (£25.7m)
£23.2m - The Glenallachie Distillers Co Limited
£25.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (11.4%)
31% - The Glenallachie Distillers Co Limited
11.4% - Industry AVG
Production
with a gross margin of 70.6%, this company has a lower cost of product (29.2%)
70.6% - The Glenallachie Distillers Co Limited
29.2% - Industry AVG
Profitability
an operating margin of 42.9% make it more profitable than the average company (6.2%)
42.9% - The Glenallachie Distillers Co Limited
6.2% - Industry AVG
Employees
with 35 employees, this is below the industry average (58)
35 - The Glenallachie Distillers Co Limited
58 - Industry AVG
Pay Structure
on an average salary of £39k, the company has a lower pay structure (£50.8k)
£39k - The Glenallachie Distillers Co Limited
£50.8k - Industry AVG
Efficiency
resulting in sales per employee of £662.9k, this is more efficient (£486.9k)
£662.9k - The Glenallachie Distillers Co Limited
£486.9k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is later than average (41 days)
71 days - The Glenallachie Distillers Co Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is quicker than average (54 days)
45 days - The Glenallachie Distillers Co Limited
54 days - Industry AVG
Stock Days
it holds stock equivalent to 1968 days, this is more than average (283 days)
1968 days - The Glenallachie Distillers Co Limited
283 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (6 weeks)
1 weeks - The Glenallachie Distillers Co Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.2%, this is a lower level of debt than the average (54.9%)
34.2% - The Glenallachie Distillers Co Limited
54.9% - Industry AVG
THE GLENALLACHIE DISTILLERS CO LIMITED financials
The Glenallachie Distillers Co Limited's latest turnover from December 2023 is £23.2 million and the company has net assets of £43.1 million. According to their latest financial statements, The Glenallachie Distillers Co Limited has 35 employees and maintains cash reserves of £67.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 23,201,286 | 20,733,716 | 14,793,873 | 10,325,108 | 9,102,441 | 5,545,671 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 6,810,820 | 6,520,498 | 5,109,903 | 3,896,626 | 4,805,672 | 3,270,949 | 7,874 |
| Gross Profit | 16,390,466 | 14,213,218 | 9,683,970 | 6,428,482 | 4,296,769 | 2,274,722 | -7,874 |
| Admin Expenses | 6,444,712 | 5,960,735 | 5,096,492 | 4,340,984 | 4,366,360 | 3,604,875 | 85,910 |
| Operating Profit | 9,945,754 | 8,252,483 | 4,587,478 | 2,087,498 | -69,591 | -1,330,153 | -93,784 |
| Interest Payable | 1,003,095 | 540,360 | 274,563 | 321,807 | 456,957 | 410,695 | 90 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 8,942,659 | 7,712,123 | 4,312,915 | 1,765,691 | -526,548 | -1,740,848 | -93,874 |
| Tax | -2,492,449 | -1,741,020 | -1,907,869 | -895,424 | -207,239 | 21,380 | 0 |
| Profit After Tax | 6,450,210 | 5,971,103 | 2,405,046 | 870,267 | -733,787 | -1,719,468 | -93,874 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 6,450,210 | 5,971,103 | 2,405,046 | 870,267 | -733,787 | -1,719,468 | -93,874 |
| Employee Costs | 1,364,801 | 1,170,611 | 943,890 | 851,185 | |||
| Number Of Employees | 35 | 31 | 21 | 21 | 20 | 14 | 1 |
| EBITDA* | 13,434,608 | 10,395,929 | 6,717,844 | 4,828,313 | 2,365,044 | 1,048,358 | -92,725 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 15,679,477 | 13,239,943 | 10,614,595 | 9,470,963 | 8,453,652 | 7,710,000 | 39,370 |
| Intangible Assets | 7,885,747 | 9,857,183 | 11,828,620 | 13,800,057 | 15,771,494 | 17,742,931 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 23,565,224 | 23,097,126 | 22,443,215 | 23,271,020 | 24,225,146 | 25,452,931 | 39,370 |
| Stock & work in progress | 36,740,784 | 32,829,519 | 31,268,379 | 26,874,510 | 24,102,734 | 22,566,260 | 0 |
| Trade Debtors | 4,576,144 | 4,857,455 | 3,004,185 | 1,498,344 | 1,073,661 | 873,851 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 619,064 | 532,556 | 407,506 | 175,115 | 204,904 | 152,937 | 48,484 |
| Cash | 67,448 | 88,667 | 107,653 | 49,422 | 121,805 | 214,179 | 388,241 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 42,003,440 | 38,308,197 | 34,787,723 | 28,597,391 | 25,503,104 | 23,807,227 | 436,725 |
| total assets | 65,568,664 | 61,405,323 | 57,230,938 | 51,868,411 | 49,728,250 | 49,260,158 | 476,095 |
| Bank overdraft | 0 | 0 | 2,748 | 0 | 17,377,273 | 16,718,821 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 852,180 | 1,120,212 | 1,342,856 | 754,809 | 666,162 | 213,377 | 143,794 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 2,000,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,698,540 | 1,603,091 | 860,852 | 753,391 | 241,327 | 309,830 | 426,075 |
| total current liabilities | 2,550,720 | 2,723,303 | 4,206,456 | 1,508,200 | 18,284,762 | 17,242,028 | 569,869 |
| loans | 15,714,931 | 18,260,850 | 19,029,708 | 19,714,666 | 2,000,000 | 2,000,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 4,153,516 | 3,721,883 | 3,266,590 | 2,322,407 | 1,990,617 | 1,831,472 | 0 |
| total long term liabilities | 19,868,447 | 21,982,733 | 22,296,298 | 22,037,073 | 3,990,617 | 3,831,472 | 0 |
| total liabilities | 22,419,167 | 24,706,036 | 26,502,754 | 23,545,273 | 22,275,379 | 21,073,500 | 569,869 |
| net assets | 43,149,497 | 36,699,287 | 30,728,184 | 28,323,138 | 27,452,871 | 28,186,658 | -93,774 |
| total shareholders funds | 43,149,497 | 36,699,287 | 30,728,184 | 28,323,138 | 27,452,871 | 28,186,658 | -93,774 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 9,945,754 | 8,252,483 | 4,587,478 | 2,087,498 | -69,591 | -1,330,153 | -93,784 |
| Depreciation | 1,517,418 | 172,009 | 158,929 | 769,378 | 463,198 | 407,073 | 1,059 |
| Amortisation | 1,971,436 | 1,971,437 | 1,971,437 | 1,971,437 | 1,971,437 | 1,971,438 | 0 |
| Tax | -2,492,449 | -1,741,020 | -1,907,869 | -895,424 | -207,239 | 21,380 | 0 |
| Stock | 3,911,265 | 1,561,140 | 4,393,869 | 2,771,776 | 1,536,474 | 22,566,260 | 0 |
| Debtors | -194,803 | 1,978,320 | 1,738,232 | 394,894 | 251,777 | 978,304 | 48,484 |
| Creditors | -268,032 | -222,644 | 588,047 | 88,647 | 452,785 | 69,583 | 143,794 |
| Accruals and Deferred Income | 95,449 | 742,239 | 107,461 | 512,064 | -68,503 | -116,245 | 426,075 |
| Deferred Taxes & Provisions | 431,633 | 455,293 | 944,183 | 331,790 | 159,145 | 1,831,472 | 0 |
| Cash flow from operations | 7,484,747 | 6,090,337 | 317,565 | 1,698,720 | 912,981 | -20,690,016 | 428,660 |
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | |||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -2,000,000 | 2,000,000 | 0 | 0 | 0 | 0 |
| Long term loans | -2,545,919 | -768,858 | -684,958 | 17,714,666 | 0 | 2,000,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -1,003,095 | -540,360 | -274,563 | -321,807 | -456,957 | -410,695 | -90 |
| cash flow from financing | -3,549,014 | -3,309,218 | 1,040,479 | 17,392,859 | -456,957 | 31,589,205 | 10 |
| cash and cash equivalents | |||||||
| cash | -21,219 | -18,986 | 58,231 | -72,383 | -92,374 | -174,062 | 388,241 |
| overdraft | 0 | -2,748 | 2,748 | -17,377,273 | 658,452 | 16,718,821 | 0 |
| change in cash | -21,219 | -16,238 | 55,483 | 17,304,890 | -750,826 | -16,892,883 | 388,241 |
the glenallachie distillers co limited Credit Report and Business Information
The Glenallachie Distillers Co Limited Competitor Analysis
Perform a competitor analysis for the glenallachie distillers co limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in AB38 area or any other competitors across 12 key performance metrics.
the glenallachie distillers co limited Ownership
THE GLENALLACHIE DISTILLERS CO LIMITED group structure
The Glenallachie Distillers Co Limited has 2 subsidiary companies.
Ultimate parent company
THE GLENALLACHIE DISTILLERS CO LIMITED
SC559073
2 subsidiaries
the glenallachie distillers co limited directors
The Glenallachie Distillers Co Limited currently has 7 directors. The longest serving directors include Ms Patricia Savage (May 2017) and Mr William Walker (Mar 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Patricia Savage | Scotland | 65 years | May 2017 | - | Director |
| Mr William Walker | 79 years | Mar 2019 | - | Director | |
| Mr Richard Beattie | 57 years | Oct 2019 | - | Director | |
| Mr Alan Gilchrist | Scotland | 77 years | Mar 2020 | - | Director |
| Ms Colette Savage | Scotland | 32 years | Jul 2022 | - | Director |
| Mr Ronan Currie | Scotland | 31 years | Jul 2022 | - | Director |
| Mr Ronan Currie | Scotland | 31 years | Jul 2022 | - | Director |
P&L
December 2023turnover
23.2m
+12%
operating profit
9.9m
+21%
gross margin
70.7%
+3.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
43.1m
+0.18%
total assets
65.6m
+0.07%
cash
67.4k
-0.24%
net assets
Total assets minus all liabilities
the glenallachie distillers co limited company details
company number
SC559073
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
March 2017
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
exchangelaw (703) limited (October 2017)
accountant
-
auditor
GRANT THORNTON UK LLP
address
glenallachie distillery, glenallachie, aberlour, banffshire, AB38 9LR
Bank
CLYDESDALE BANK
Legal Advisor
-
the glenallachie distillers co 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 did not find charges/mortgages relating to the glenallachie distillers co limited.
the glenallachie distillers co limited Companies House Filings - See Documents
| date | description | view/download |
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