WILLIAM GRANT & SONS COMMERCIAL LIMITED
Operating as a commercial subsidiary of the family-owned William Grant & Sons group, the company is engaged in the distilling, blending, and marketing of major spirits brands such as Glenfiddich, The Balvenie, and Sailor Jerry.
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Cash
£36m
+1,511.2% highest in 3 filed years
Net assets
£143m
+22.2% highest in 3 filed years
Employees
22
+10% highest in 3 filed years
Profit before tax
£35m
-35.6% lowest in 3 filed years
Net assets
3-year trend · vs Consumer Staples median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £353,413,000 | £328,175,000 | £332,408,000 | +1.3% | |
| Operating profit | £100,620,000 | £79,255,000 | £56,902,000 | -28.2% | |
| Profit before tax | £100,097,000 | £54,693,000 | £35,229,000 | -35.6% | |
| Net profit | £76,483,000 | £40,876,000 | £26,016,000 | -36.4% | |
| Cash | £196,000 | £2,241,000 | £36,108,000 | +1,511.2% | |
| Total assets less current liabilities | £396,509,000 | £1,480,780,000 | £714,630,000 | -51.7% | |
| Net assets | £76,483,000 | £117,359,000 | £143,375,000 | +22.2% | |
| Equity | £76,483,000 | £117,359,000 | £143,375,000 | +22.2% | |
| Average employees | 17 | 20 | 22 | +10% | |
| Wages | £1,352,000 | £1,196,000 | £1,612,000 | +34.8% | |
| Directors' remuneration | £426,000 | £318,000 | £386,000 | +21.4% | |
| Directors' pension contributions | £10,000 | £11,000 | £11,000 | 0% | |
| Highest paid director | £201,000 | £147,000 | £212,000 | +44.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 28.5% | 24.2% | 17.1% | |
| Net margin | 21.6% | 12.5% | 7.8% | |
| Return on capital employed | 25.4% | 5.4% | 8.0% | |
| Gearing (liabilities / total assets) | 92.2% | 92.0% | 93.2% | |
| Current ratio | 1.43x | 0.98x | 0.12x | |
| Interest cover | — | 1.93x | 1.28x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis”
Significant events
- “The increase in net assets in the year was the result of a transfer to land and buildings from another Group Company and the transfer in of inventory acquired as part of the Group's acquisition of The Famous Grouse and the Naked Malt from The 1887 Company.”
- “The Company refinanced its facilities in August 2025, resulting in the Company having £800m of 3-year revolving credit facilities, with £300m maturing in May 2027 and the remainder in August 2028.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOUGLAS, Catriona Margaret Eastment | Director | 2026-09-04 | Apr 1986 | British |
| HENDERSON, Ewan John | Director | 2021-02-03 | Aug 1968 | British |
| MCKINLAY, Ken Strachan | Director | 2022-05-30 | Dec 1964 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LAING, William Douglas | Director | 2022-05-30 | 2026-09-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| William Grant & Sons Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-02-03 | Active |
Filing timeline
Last 20 of 20 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-09-18 | AP01 | officers | Appoint person director company with name date | |
| 2026-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-09-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-08-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-23 | AA | accounts | Accounts with accounts type full | |
| 2024-09-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-16 | AA | accounts | Accounts with accounts type dormant | |
| 2023-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-10 | AA | accounts | Accounts with accounts type dormant | |
| 2022-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-16 | CH01 | officers | Change person director company with change date | |
| 2022-08-12 | CH01 | officers | Change person director company with change date | |
| 2022-08-12 | CH01 | officers | Change person director company with change date | |
| 2022-06-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-02-11 | AA01 | accounts | Change account reference date company current shortened | |
| 2021-02-03 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.