Tomatin Distillery ends Russia links due to war in Ukraine
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Profit almost doubled for a Highland whisky firm last year.
The Tomatin Distillery Company – which produces and sells malt and blended Scotch whisky – also experienced a rise in turnover for the year ended December 31, 2021.
And during the current accounting period it has decided to end links with firms in Russia and Belarus.
A strategic report accompanying the firm’s latest accounts stated: “The company made the decision in February 2022 as a result of the military conflict between Russia and Ukraine to cease all business activities with Russian and Belarusian partners. Outstanding debts are being closely monitored and debtor’s insurance is in place.”
Turnover dropped from £19,676,199 in 2020 to £25,392,337 last year. For the same period, pre-tax profit increased from £6,336,372 to £11,228,591.
The average number of employees dipped from 63 in 2020 to 62 last year, while staff costs dropped from £2,149,794 to £2,356,415.
The distillery’s ultimate parent company is Japan’s Takara Holdings.
