WHISKY distillery Tullibardine has more than doubled its pre-tax profits to £3.8 million for the year ending December 2015 as revenue climbed 25 per cent to £20m.
In accounts filed at Companies House, the The Perthshire distillery’s directors said they were delighted with the performance. They also noted that the distillery operated at full capacity in 2015 and was expected to do so again this year.
Tullibardine, owned by French firm Picard Vins & Spiritueu, also revealed plans to open a bottling plant, having signed a lease on premises adjacent to its distillery in Blackford, Perthshire.
The directors added that they anticipated that “the growth of the brand would continue during the coming year as the company explores new opportunities and new markets”.
However, in its accounts the company said it did not disclose a breakdown of its turnover by geographic market, writing that “this could be seriously prejudicial to the company’s interest”.
Tullbardine's financial position was described as strong, with £10m in shareholder funds, up from £7m last year, and its whisky stock has grown in value to £20.5m, from £18m.
The company employs 25 staff, 14 of whom work in the distillery, with eight working in the distillery shop and three in administrative roles.
The Tullibardine distillery was mothballed by its then owner Whyte & Mackay in 1994, before it was revived by a consortium of five businessmen in 2003. The family-owned Picard Vins & Spiritueu acquired the business in 2011.
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