LOCH DUART PLC
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Cash
£5.3m
-69.7% vs 2025
Net assets
£52m
+8.2% highest in 3 filed years
Employees
192
+0.5% highest in 3 filed years
Profit before tax
-£16m
-311.5% 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 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £43,510,662 | £55,053,046 | £65,261,000 | +18.5% | |
| Operating profit | £1,384,209 | -£649,930 | -£8,443,025 | -1,199.1% | |
| Profit before tax | £706,493 | -£3,843,652 | -£15,814,879 | -311.5% | |
| Net profit | £407,777 | -£3,222,949 | -£11,648,625 | -261.4% | |
| Cash | £127,372 | £17,506,997 | £5,306,716 | -69.7% | |
| Total assets less current liabilities | £55,271,104 | £115,394,377 | — | — | |
| Net assets | £47,940,577 | £48,107,032 | £52,053,306 | +8.2% | |
| Equity | £47,940,577 | £48,107,032 | £52,053,306 | +8.2% | |
| Average employees | 167 | 191 | 192 | +0.5% | |
| Wages | £6,030,551 | £7,910,020 | £8,478,761 | +7.2% | |
| Directors' remuneration | £724,200 | £622,308 | £749,520 | +20.4% | |
| Directors' pension contributions | £62,487 | £77,662 | £60,378 | -22.3% | |
| Highest paid director | £320,404 | £209,389 | £257,622 | +23% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 3.2% | -1.2% | -12.9% | |
| Net margin | 0.9% | -5.9% | -17.8% | |
| Return on capital employed | 2.5% | -0.6% | — | |
| Gearing (liabilities / total assets) | 35.4% | 65.5% | 64.3% | |
| Current ratio | 1.51x | 2.82x | 3.84x | |
| Interest cover | 2.04x | -0.19x | -1.09x |
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.
Name history
Renamed 2 times since incorporation — the current trading name was adopted 2024-10-31
- LOCH DUART PLC 2024-10-31 → present
- LOCH DUART LIMITED 1999-05-27 → 2024-10-31
- VERIMAC (NO. 100) LIMITED 1999-05-04 → 1999-05-27
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group or parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- LOCH DUART PLC · parent
- Atlantic Sea Smolt Inc 100%
- Snow Island Salmon Inc 100%
Significant events
- “autumn 2025 saw the worst mortality event - and first ever biomass insurance claim in the company's history.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MAGUIRE, Simon Shaun | Secretary | 2014-03-14 | — | British |
| GOERKE, Justin | Director | 2012-11-01 | Mar 1983 | Australian |
| LESLIE, Russell George | Director | 2021-09-29 | Nov 1979 | British |
| MAGUIRE, Simon Shaun | Director | 2014-05-14 | Feb 1968 | British |
| VAN ES, Rob | Director | 2023-10-31 | Aug 1984 | Australian |
| WARRINGTON, Mark Kenneth | Director | 2018-11-28 | Sep 1969 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALFOUR, Alan John | Secretary | 1999-05-20 | 2014-05-14 |
| ANDERSON STRATHERN WS | Corporate Nominee Secretary | 1999-05-04 | 1999-05-20 |
| ANDERSON, Alan Thomas | Director | 2009-01-29 | 2012-07-31 |
| BALFOUR, Alan John | Director | 1999-05-20 | 2016-06-30 |
| BALFOUR, Elizabeth Jean, Dr | Director | 1999-10-12 | 2008-04-30 |
| BARBOUR, Andrew | Director | 2002-06-18 | 2019-05-14 |
| BING, Andrew John Collingwood | Director | 1999-05-20 | 2021-09-17 |
| BROWN, Simon Thomas David | Nominee Director | 1999-05-04 | 1999-05-20 |
| DEMEROUTIS, Basil James | Director | 2010-06-01 | 2012-10-31 |
| DENTON, Alban Bede | Director | 2015-05-21 | 2020-02-06 |
| ERSKINE, Alistair Morgan | Director | 2019-05-14 | 2020-05-12 |
| JOY, Nicholas Hebden | Director | 2016-08-22 | 2020-05-12 |
| JOY, Nicholas Hebden | Director | 1999-05-20 | 2016-04-30 |
| KERR, John Neilson | Nominee Director | 1999-05-04 | 1999-05-20 |
| LAIRD, Ian Andrew | Director | 2017-11-22 | 2020-05-12 |
| MARSHAM, Charles James Lessels Bullock | Director | 1999-10-12 | 2001-02-12 |
| O'SHEA, Timothy | Director | 2008-04-30 | 2012-10-31 |
| ORR, Christopher John Walsh | Director | 2021-09-29 | 2025-06-10 |
| UPHOFF, Barry | Director | 2008-01-24 | 2010-06-01 |
| WADE, Hazel Ann Lilian | Director | 2023-04-01 | 2025-08-19 |
| WILLIAMSON, Alison Jane | Director | 2008-10-29 | 2017-10-31 |
| WOODS, Mark David | Director | 2009-01-29 | 2015-04-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Saf Ii Master Fund I, Lp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-02-06 | Active |
| Mr Eric John Techel | Individual | Significant influence | 2017-05-29 | Ceased 2020-02-06 |
| Scottish Enterprise | Legal person | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-02-06 |
Filing timeline
Last 20 of 299 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-22 RESOLUTIONS Resolution
- 2025-10-30 MA Memorandum articles
- 2025-10-30 RESOLUTIONS Resolution
- 2025-10-03 RESOLUTIONS Resolution
- 2025-07-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-12 | AA | accounts | Accounts with accounts type group | |
| 2026-07-27 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2026-07-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-02 | SH06 | capital | Capital cancellation shares | |
| 2026-07-02 | SH03 | capital | Capital return purchase own shares | |
| 2026-06-24 | SH01 | capital | Capital allotment shares | |
| 2026-05-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-22 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-21 | SH01 | capital | Capital allotment shares | |
| 2025-10-30 | MA | incorporation | Memorandum articles | |
| 2025-10-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-01 | SH01 | capital | Capital allotment shares | |
| 2025-08-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-13 | AA | accounts | Accounts with accounts type group | |
| 2025-07-22 | RP04TM01 | officers | Second filing of director termination with name | |
| 2025-07-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-10 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-09 | SH01 | capital | Capital allotment shares | |
| 2025-05-22 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 6
- Officers appointed
- 0
- Officers resigned
- 0
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.