Inver House Distillers Owners Of Old Pulteney Profits Rise Nicely According To Latest Accounts

11th December 2022

Inver House Distillers makers of whiskies including Old Pulteney and Caorrun Gin have shown a substantial rise in profits in their accounts recently submitted to companies house.

The accounts for the year to 17 September 2021 were submitted on 1 December 2022 and show a rise in profits from the previous year from £4,143million to £13,325million.

Turnover for the group increased from £63,219million to £79,115million.

A change of accounting date from 30 September to 17 September makes the year two weeks shorter than the previously submitted accounts.

In the latest period the company employed 226 staff.

Inver House Distillers Limited is a malt whisky distiller, based in Airdrie, Scotland. The company is a subsidiary of ThaiBev, one of the largest alcoholic-beverage companies in Southeast Asia.

The company was established in 1964 as a subsidiary of the American company, Publicker Industries of Philadelphia. Publicker Industries had successfully launched Inver House Rare, a brand of blended Scotch whisky in 1956. However, as a result of industry demand, there were not sufficient stocks to meet sales.

Under the chairmanship of Mr S. S. Neuman, a site was acquired at Airdrie in March 1964, and a fully integrated complex was constructed, including 2 malt distilleries—Glenflagler and Killyloch—and a grain distillery Garnheath.

Following the death of the founder, there was a period of decline in the fortunes of the company.

In 1979, Standard Brands acquired Inver House from Publicker. The operations became the subject of a management buyout in January 1988. The company was then sold by the management to become a wholly owned subsidiary of International Beverage Holdings (InterBev), the international arm of Singapore-listed Thai Beverage Public Company Limited (ThaiBev) in 2006