Isle of Arran Distillers enjoys record profitsBy Melita Kiely
As it marks its 20th anniversary this year, privately held company Isle of Arran Distillers has reported record results for 2014, with net profits soaring 51%.
Accounts published on Companies House revealed turnover in the past year has risen 21% to more than £5.5 million for the firm, while brand sales were credited as being the “principle driver of this growth” having risen by 23% compared to the previous year.
While France remains the distillery’s biggest export market, when it comes to single malt sales Germany was the strongest market in 2014.
“In a challenging period for Scotch whisky our continued growth is testament to a focus on quality and a clear strategy well executed,” said Euan Mitchell, managing director.
“Some people believe when the big companies in the industry sneeze we all catch a cold but this is not our experience.
“Interest in smaller, independent brand such as ours is surging and we are not even scratching the surface in global terms.”
The quantity of alcohol produced at the distillery increased to 500,000 LPA (litres of pure alcohol) in 2014, while a new warehouse was completed in December 2014 with room to accommodate 12,000 barrels.
Furthermore, the number of visitors to the Isle of Arran Distillery grew 10% from 2013-2014 to more than 65,000 resulting in an increase in turnover at the visitors’ centre of 13% to £795,000.