MACDONALD & MUIR LIMITED
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Cash
£160k
-37.7% vs 2024
Net assets
£301m
-9.2% lowest in 3 filed years
Employees
258
-10.4% lowest in 3 filed years
Profit before tax
-£39m
-2,223.7% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-07-25.
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 | £160,333,000 | £105,765,000 | £57,206,000 | -45.9% | |
| Operating profit | £47,637,000 | £6,983,000 | -£32,477,000 | -565.1% | |
| Profit before tax | £44,625,000 | £1,837,000 | -£39,013,000 | -2,223.7% | |
| Net profit | £32,917,000 | £819,000 | -£30,627,000 | -3,839.6% | |
| Cash | £115,000 | £257,000 | £160,000 | -37.7% | |
| Total assets less current liabilities | £362,117,000 | £373,732,000 | £447,143,000 | +19.6% | |
| Net assets | £330,861,000 | £331,856,000 | £301,457,000 | -9.2% | |
| Equity | £330,861,000 | £331,856,000 | £301,457,000 | -9.2% | |
| Average employees | 297 | 288 | 258 | -10.4% | |
| Wages | £17,751,000 | £18,766,000 | £15,575,000 | -17% | |
| Directors' remuneration | £921,000 | £934,000 | £991,000 | +6.1% | |
| Directors' pension contributions | £70,000 | £85,000 | £85,000 | 0% | |
| Highest paid director | £498,000 | £376,000 | £342,000 | -9% |
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 | 29.7% | 6.6% | -56.8% | |
| Net margin | 20.5% | 0.8% | -53.5% | |
| Return on capital employed | 13.2% | 1.9% | -7.3% | |
| Gearing (liabilities / total assets) | 32.4% | 36.6% | 43.2% | |
| Current ratio | 2.45x | 2.14x | 4.08x | |
| Interest cover | 14.84x | 1.35x | -4.87x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has the support of its Group which ensures that it will be able to meet its liabilities as they fall due for a period of at least twelve months from the date of the directors signing the financial statements. With this continued support, the directors consider it appropriate to prepare the financial statements on a going concern basis.”
Group structure
- MACDONALD & MUIR LIMITED · parent
- The Glenmorangie Distillery Company Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BERNADOU, Marie | Director | 2022-07-01 | Apr 1974 | French |
| MACRAE, Caspar Alexander | Director | 2023-07-03 | May 1973 | British |
| MCALEESE, Allison | Director | 2025-08-01 | Jul 1981 | British |
| STANLEY, Eleanor Anne Mary | Director | 2025-08-01 | Sep 1975 | British |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CULLEN, Peter Beszant | Secretary | — | 1996-06-25 |
| FLEMING, Martha Jayne | Secretary | 2005-06-01 | 2017-04-30 |
| MACDONALD, Alison Erica | Secretary | 1996-06-25 | 2005-05-31 |
| BOULAN, Jean-Marc Rene | Director | 2017-04-30 | 2022-07-01 |
| BROWN, William Bennett | Director | — | 1996-02-19 |
| BURNET, Anthony John | Director | — | 2006-03-11 |
| BUXTON, Ian Robert | Director | — | 1990-12-31 |
| CULLEN, Peter Beszant | Director | — | 1996-08-31 |
| DARBYSHIRE, Peter Michael Arvor | Director | 1995-04-20 | 1998-07-06 |
| DRYSDALE, Ian Maxwell, Hr Director | Director | 1994-10-25 | 2015-12-31 |
| EDELMAN, Keith Graeme | Director | 2002-05-16 | 2005-01-18 |
| ERLANGER, Simon David | Director | 1994-04-01 | 2003-01-01 |
| FLEMING, Martha Jayne | Director | 2009-08-14 | 2017-04-30 |
| FYFE, James Hood | Director | — | 1996-10-18 |
| GALLOT, Jean-Marc Francois Nicolas | Director | 2014-03-01 | 2014-09-01 |
| HAMILTON, Iain Lindsay | Director | 1997-01-06 | 2009-08-14 |
| HASAN, Nauman Saleem | Director | 2016-09-01 | 2022-10-01 |
| HOELLINGER, Marc | Director | 2014-01-31 | 2018-08-15 |
| MACDONALD, David William Alexander | Director | — | 1998-07-11 |
| MADDRELL, Geoffrey Keggen | Director | 1995-02-22 | 2002-10-30 |
| MCKERROW, Neil Alexander Herdman | Director | — | 1994-06-29 |
| MORADPOUR, Thomas Jean | Director | 2018-08-15 | 2023-07-03 |
| NEEP, Paul Anthony | Director | 1997-02-10 | 2015-05-12 |
| NELSON, Peter Jonathon, Dr | Director | 2001-01-16 | 2025-04-01 |
| PENOT, Guillaume Marie Maurice | Director | 2008-07-30 | 2014-07-15 |
| PIETRINI, Hugues Michel | Director | 2014-09-01 | 2017-02-02 |
| SCOTLAND, Michael David | Director | 2025-08-01 | 2025-12-30 |
| SKIPWORTH, Paul Henry | Director | 2009-04-01 | 2014-01-31 |
| STEEL, Keith Lindsay | Director | — | 1996-04-01 |
| TAHLIN, Jonas | Director | 2022-10-01 | 2025-12-30 |
| TODD, Malcolm Angus | Director | 1990-09-24 | 1995-06-16 |
| WELCH, Gerard Vincent | Director | 1996-12-02 | 1998-04-30 |
| YEOMANS, Richard Spencer | Director | 2017-04-30 | 2021-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Glenmorangie Company Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 195 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-12 | AA | accounts | Accounts with accounts type full | |
| 2026-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-12 | AA | accounts | Accounts with accounts type full | |
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-08-13 | AA | accounts | Accounts with accounts type full | |
| 2024-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-11 | AA | accounts | Accounts with accounts type full | |
| 2023-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-22 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-22 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-08 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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.