Meantime, the Greenwich based brewery, is looking to raise £1m through a private placing to fund an expansion of the company that will include opening 10 pubs in the next five years, writes Paul Charity.
Founder Alistair Hook hopes to raise the money from new and existing investors. The company, which was founded in 1999, is enjoying 10% sale growth at the moment.
Co-founders of Meantime include Hook’s school friend Ben Joseph, who owns the Carrhartt clothing brand in the UK and old university friend Lars Huser, former financial
controller of Norwegian television channel TV2, and now the financial controller at Meantime.
Other friends invested small amounts, including fellow school friend Ray Richardson, now a leading British artist, and Peter Haydon, then General Secretary of the Society of Independent Brewers and drinks author, and now, since making a significant investment, a Meantime director.
In 2007, no fewer than four Meantime beers were ranked in the World’s Top 50 as compiled by the International Beer Challenge.
