Divisions performing well
Forestry surge sees lift in profit at Scottish Woodlands
Scottish Woodlands, a specialist forestry business 80% owned by its employees, has reported an increase in pre-tax profit following another year of strong growth in the forestry sector.
The company, which employs 154 staff across the UK, said profit rose to £3.26m in 2017-18 (2016-17: £2.29m). Annual turnover increased to £92.3 (£76.8m).
Ralland Browne, managing director, attributed the rising profit to “greater focus on core operations” within the business in a robust forestry market.
Scottish Woodlands is headquartered at Riccarton, Edinburgh and has 17 offices across the UK. The company’s northern-most office recently relocated from Strathpeffer to Dingwall, while the company has also moved to a larger office in Fort William.
“All of our operational areas, plus our investment division and our utilities division, are performing well – to the benefit of our clients and staff shareholders,” said Mr Browne.
The company is a strong supporter of the wider forestry sector. Mr Browne is a board member of trade body Confor, while Scottish Woodlands has sponsored a new award for Farm Forestry in this year’s Scotland’s Finest Woods Awards.
“We work hard in the business, but we want to put something back and support the success of the wider industry,” said Mr Browne. “Our support of Scotland’s Finest Woods Awards is specifically targeted at younger members of the farming community who have incorporated tree planting into the farm business – the kind of integrated land use we expect to see much more of in future.”