Hunter Laing raises glass to record £11m profits ahead of Islay whisky debut

Hunter Laing raises glass to record £11m profits ahead of Islay whisky debut

Glasgow-based whisky bottler and blender Hunter Laing has unveiled impressive financial results, reporting record revenue and profits as it prepares to introduce its inaugural whisky from its newly constructed Islay distillery.

The business posted an operating profit of £11 million for the fiscal year ending April 30, 2023, up from £7.9m the previous year. This surge in profits coincides with a substantial increase in revenue, soaring to £20.5m from £17.9m, as reported in the newly filed accounts at Companies House.

Founded by chairman Stewart Laing and his sons Andrew and Scott in 2013, Hunter Laing emerged following the division of the family business, Douglas Laing & Co. The company swiftly acquired brands including Old Malt Cask and Old & Rare, alongside a bottling operation in East Kilbride, setting the stage for its expansion into distillation.

Investing £12m to construct its first distillery by Loch Ardnahoe on the Isle of Islay, Hunter Laing embarked on a journey to craft its own single malt whisky, with the inaugural release scheduled for 10 May.

In the company’s accounts convey a bullish outlook, underlining the achievement of record revenue and profits.

They stated: “Our core Far Eastern markets grew substantially whilst we increased our presence in North America, with our Scarabus brand gaining significant traction.

“Market demand for premium, rare Scotch whiskies remains strong for those with the right stocks – our stock investment policy of recent years, coupled with an ambitious wood programme, has allowed Hunter Laing to sustain and grow its presence and reputation in this market.

“We continue to open new supply new channels that will support this activity for the foreseeable future.”

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