whisky around the world.

Wemyss, which has ordered the stills from Forsyths of Rothes, hopes the first spirit will be flowing from the stills by St Andrew's Day.

Mr Clement is a director of Kingsbarns and is expected to run the tours at the distillery when it opens.

Abbreviated accounts for The Kingsbarns Company of Distillers, a subsidiary of Wemyss Distillery, shows the company made a loss after tax of £74,545 for the year ended March 31, with net liabilities of £51,983. The Wemyss Development Company provides the day to day working capital for the business.

Despite the profile of its whisky activities, Wemyss's main interest in the UK is property, including residential developments in prime sites in Glasgow and Edinburgh.

In accounts newly available at Companies House, which show that turnover fromthe firm's European division rose to £5.64m from £5.27m in 2012, the directors said: "Management are increasingly focused on growing the business related to the development and refurbishment of units for sale. Management continues to spend considerable time and resources identifying high- level opportunities for future developments."

Elsewhere, Wemyss reported a satisfactory performance of the hydroelectric power business it acquired in 2011.

The directors highlighted the company's appetite to grow its presence in the UK renewables sector, noting it had identified a number of hydro sites it hopes to roll out in the years ahead. But they said a lack of bank funding is likely to dictate it will fund such projects itself.

Outside the UK, Wemyss is focused on agriculture. In addition to its tea operation in Kenya, it has