THE SCOTCH WHISKY RESEARCH INSTITUTE
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Cash
£2.2M
+25.4% highest in 3 filed years
Net assets
£2.9M
+10.8% highest in 3 filed years
Employees
29
0% vs 2024
Profit before tax
£345K
-17.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Health Care 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 | £2,842,384 | £3,119,743 | £3,191,306 | +2.3% | |
| Operating profit | £324,681 | £370,703 | £313,717 | -15.4% | |
| Profit before tax | £340,512 | £417,578 | £345,194 | -17.3% | |
| Net profit | £319,579 | £375,754 | £286,651 | -23.7% | |
| Cash | £1,783,751 | £1,762,537 | £2,210,466 | +25.4% | |
| Total assets less current liabilities | £2,267,721 | £2,643,475 | £2,930,126 | +10.8% | |
| Net assets | £2,267,721 | £2,643,475 | £2,930,126 | +10.8% | |
| Equity | £2,267,721 | £2,643,475 | £2,930,126 | +10.8% | |
| Average employees | 27 | 29 | 29 | 0% | |
| Wages | £1,131,206 | £1,249,863 | £1,297,205 | +3.8% | |
| Directors' remuneration | — | — | — | — |
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 | 11.4% | 11.9% | 9.8% | |
| Net margin | 11.2% | 12.0% | 9.0% | |
| Return on capital employed | 14.3% | 14.0% | 10.7% | |
| Current ratio | 3.58x | 4.26x | 4.94x |
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 1 time since incorporation
- THE SCOTCH WHISKY RESEARCH INSTITUTE 1995-10-02 → present
- PENTLANDS SCOTCH WHISKY RESEARCH LIMITED 1974-09-30 → 1995-10-02
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Consolidated group
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Azets Audit Services Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making suitable enquiries and reviewing the Company's forecasts, the directors have a reasonable expectation that the group has adequate resources to remain in operation for the foreseeable future and have therefore continued to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- THE SCOTCH WHISKY RESEARCH INSTITUTE · parent
- SWRI Services Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
15 active · 59 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCKINLAY, Susan Jane | Secretary | 2014-04-01 | — | — |
| BROGAN, Gavin James | Director | 2025-05-29 | Oct 1976 | British |
| BROSNAN, James Michael, Dr | Director | 2015-03-02 | Apr 1966 | British |
| BURGESS, Sarah | Director | 2025-11-24 | May 1976 | British |
| HOLMES, Angus David | Director | 2025-01-07 | Mar 1981 | British |
| HUGHES, Robert | Director | 2024-03-06 | Nov 1965 | British |
| LUMSDEN, William Bain, Dr | Director | 2026-04-20 | Jun 1960 | British |
| MACAULEY, Brian | Director | 2024-02-28 | Nov 1971 | British |
| MARTIN, Craig Alexander | Director | 2022-01-05 | Jul 1975 | British |
| SMART, Katherine Anne | Director | 2019-01-31 | Apr 1966 | British |
| STABLES, Greig Alexander | Director | 2019-02-27 | Oct 1974 | British |
| SWEENIE, Andrew Graeme | Director | 2021-08-04 | May 1978 | British |
| WAITE, Andrew Peter | Director | 2026-02-02 | Nov 1989 | British |
| WATTS, Stuart Henry, Dr | Director | 2021-05-01 | Oct 1977 | British |
| WILLIS, Donna Marie | Director | 2025-05-01 | Dec 1980 | American |
Show 59 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLEAKNEY, Lynne | Secretary | 1990-10-01 | 2014-04-01 |
| STEVENSON, Alistair James Graham | Secretary | — | 1990-10-01 |
| ADAM, John Mason | Director | — | 1991-04-30 |
| ANDERSON, Joshua James | Director | 2024-04-22 | 2024-05-10 |
| BOYLE, Robert | Director | 2000-10-01 | 2002-12-31 |
| BROADBRIDGE, John Ricson | Director | 2019-11-28 | 2021-04-30 |
| BUIST, Gordon William | Director | 2014-05-13 | 2024-02-28 |
| COCKBURN, Henry Linkstone | Director | 1992-10-30 | 1994-11-25 |
| CURLE, Ian Barrett | Director | 1991-04-29 | 2003-11-12 |
| EVANS, Ian | Director | 2004-10-08 | 2019-11-28 |
| FULLER, Jonathan Andrew | Director | 1998-08-18 | 2000-01-31 |
| GRESSICK, David | Director | 1994-11-25 | 2000-11-25 |
| HALL, Derek Richardson | Director | — | 1994-10-12 |
| HALLIDAY, David John | Director | 1993-10-01 | 2000-11-25 |
| HANDLEY, Kevin Sanderson | Director | 2014-05-07 | 2019-11-28 |
| HARVEY, Stuart Robert | Director | 2023-03-15 | 2025-03-31 |
| HUMMER, Sophie Roberte | Director | 2024-05-29 | 2025-04-30 |
| HUNTER, Richard Jackson Arrol | Director | — | 1991-04-29 |
| HUTCHEON, Graham Robert, Mr. | Director | 2003-11-12 | 2021-06-30 |
| KEILLER, Michael Colvin | Director | 2000-11-25 | 2002-02-05 |
| KILPATRICK, Alan John Stewart | Director | 2016-01-01 | 2025-05-29 |
| LEONARD, Martin John, Dr | Director | 2003-03-13 | 2023-03-10 |
| LOCHHEAD, Iain Macgregor | Director | 2005-07-01 | 2019-11-28 |
| MACDONALD, David William Alexander | Director | — | 1997-12-31 |
| MACKENZIE, Ian Douglas | Director | — | 1996-01-31 |
| MACKIE, Ian | Director | 2003-12-16 | 2012-03-31 |
| MACKINLAY, Donald | Director | — | 1993-04-27 |
| MALCOLM, Dennis David Alexander | Director | 2012-12-10 | 2019-02-19 |
| MCELROY, Robert | Director | 2000-11-25 | 2019-01-21 |
| MCELROY, Robert, Dr | Director | 1995-08-31 | 1998-03-18 |
| MCGREGOR, William James | Director | — | 1998-02-02 |
| MITCHELL, Alan William | Director | 2025-03-31 | 2025-11-24 |
| MITCHELL, Niall William James | Director | 2020-01-21 | 2025-01-06 |
| MURRAY, Alastair Buchanan | Director | — | 1989-06-30 |
| NELSON, Peter Jonathon, Dr | Director | 1998-05-01 | 2025-02-06 |
| NICKERSON, Stuart | Director | 1999-03-23 | 2004-10-08 |
| ORD, Michael John | Director | 2013-10-31 | 2021-12-31 |
| PALMER, Ian Gordon | Director | 1999-08-31 | 2003-06-20 |
| PATTON, Julian Deering | Director | 2020-05-18 | 2026-01-31 |
| PHILLIPS, William Charles Henry | Director | — | 1996-09-19 |
| RAE, William David | Director | 1996-01-31 | 2015-12-31 |
| RANKIN, Andrew William | Director | 2002-02-05 | 2015-01-01 |
| REID, Douglas William | Director | 2008-03-29 | 2013-10-31 |
| REID, Douglas William | Director | 1996-08-05 | 2005-09-30 |
| ROSCROW, John | Director | 1993-04-27 | 1999-08-31 |
| ROSS, Alistair Fraser | Director | — | 1992-10-30 |
| SCOTLAND, Michael David | Director | 2025-02-06 | 2026-01-27 |
| STEELE, Gordon Mark, Dr | Director | 1993-09-02 | 2015-02-27 |
| STIRRAT, James Campbell Muir | Director | 2011-10-01 | 2014-04-25 |
| TEELEY, Christopher Michael | Director | 2018-08-28 | 2024-01-12 |
| TELFER, Margaret Coull Mclean | Director | 1993-06-23 | 1994-01-24 |
| WALKER, Michael William | Director | 1991-05-01 | 1996-08-02 |
| WALKEY, Roger John | Director | 1994-10-12 | 1995-08-31 |
| WATSON, Dennis Charles, Dr | Director | 1995-10-01 | 2014-04-30 |
| WEBBER, Michael Anthony | Director | 1996-02-13 | 1999-03-23 |
| WELCH, Gerard Vincent | Director | 1997-12-31 | 1998-04-29 |
| WILSON, Iain Dever | Director | — | 1990-12-21 |
| WOLSTENHOLME, Alan Gordon | Director | 1989-06-30 | 1996-02-13 |
| WRIGHT, Alan Adrian, Dr | Director | 2020-01-21 | 2020-04-30 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 228 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-20 | AA | accounts | Accounts with accounts type group | |
| 2026-04-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-16 | CH01 | officers | Change person director company with change date | |
| 2025-05-30 | AA | accounts | Accounts with accounts type group | |
| 2025-05-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-07 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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.