Scottish Woodlands sees profits soar

Scottish Woodlands sees profits soar

One of Scotland’s most successful employee-owned businesses is celebrating after reporting pre-tax profits of over £1.3m for the last financial year.

Scottish Woodlands Ltd, which is 80% employee-owned, recorded a turnover of £69.5m for the year ended 30 Sep and pre-tax profits of £1.315m. Shareholders’ funds rose to £4.5m, up from £4.03m. 

The company – based in Riccarton, Edinburgh but with offices across Scotland as well as England, Wales and Northern Ireland – employs 141 people and has 85 staff shareholders. 

It is one of the larger employee-controlled companies in Scotland, although operations also cover the main forest growing areas of northern England and Wales.

The group has also announced important succession changes to the senior management team and board.

Managing director Colin Mann leaves his post as managing director, which he has held since a successful management buy-out of the company in 2005, to take up the role of deputy chairman.

He will be succeeded in April by deputy managing director, Ralland Browne, who has been with Scottish Woodlands for 29 years.

Mann said: “We are very pleased with our results because, although turnover and profit is very slightly down on last year (turnover was £73.8m and profit £1.56m in 2013-2014), this was largely because of the strength of sterling and not because of less activity in our markets.”

The new figures are still considerably up on 2012-2013 which saw turnover hit £63.9m and £1.23m in pre-tax profits.