Fast-growing Scottish brewer Brewdog saw operating profits increase more than ten fold in 2010, according to its latest accounts filed at Companies House. Turnover almost doubled to £3.332m (2009: £1.781m), and the company expects it to do so again in 2011. Operating profits increased from £18,189 to £221,199, with pre-tax profits up from just £147 to £221,569, for the year to 31 December 2010. In addition, like-for-like sales in the first four months of 2011 were up 75%, and the company predicts 2011 turnover to be “close to £6.5m”. Company director James Watt said Brewdog has experienced “phenomenal growth since we started our business”, with its beers now available in 27 different countries, stocked by the four major supermarket groups and in “many of the best beer bars and beer shops around the world”. “However, this is just the beginning for Brewdog. We are determined to completely redefine the beer drinking culture in the UK showing beer drinkers there is an alternative to the tasteless and mass produced fizzy yellow beers that dominate the UK market.” In total, 45% of company turnover in 2010 was from sales outside the UK: £744,077 from Europe (2009: £423,203), £360,667 from the USA (2009: £330,533) and £406,042 from the rest of the world (2009: £35,310). Watt said the key risks and uncertainties for the company are the “availability and cost of ingredients for our beers”. “The directors continue to source quality hops and malt to brew our innovative beers and will continue to do so in this competitive market.” Brewdog received Government grants of £54,302 (2009: £59,592) during the year. Staff costs increased from £330,586 in 2009, based on 25 members of staff, to £567,746 last year, based on 37 employees. Directors' renumeration was £31,750 (2009: £5,040). No dividends were paid in the year. The company’s subsidiary Brewdog Bars Limited was incorporated in November 2010 to run a chain of branded bars - its forth venue is to open in Camden, London, in August. Brewdog Bars’ first accounts will be for the full-year 2011. Brewdog also owns a 50% stake in Brewdog USA, a joint venture to market the beers in America. In August 2010 Brewdog exchanged shares in Brewdog USA for an unlisted investment.