The Cotswolds Distillery, the Stourton-based company, is closing in on its target of raising £500.5k through a crowdfunding push on Crowdbnk as it targets an eventual public listing.
It has so far raised just over £490k as it looks to offer 5.5% of its equity.
In the coming three years the Company believes that growth will be driven by several key elements: 1) launch of its whisky onto the market in October 2017, 2) building on the early success of its gin and other spirits with further market penetration across all sales channels, 3) increased visitor traffic through the distillery and onsite shop. Underpinning this is the extraordinary level of demand growth for premium craft spirits, reported at approximately 50% for the 12 months period ending August 2015.
The capital raised in this crowdfunding round will enable the company to fund all these elements of its growth plan.
Additional growth opportunities for a later phase are planned through: 1) a low cost doubling of whisky production, 2) expansion of the visitor centre and 3) opening of a satellite storefront in a nearby Cotswolds town.
The company is now seeking additional equity funding of a minimum of £500.5k and a maximum of £1.001m to allow for the next phase of growth after which it expects to be self-funding prior to an eventual public listing.
Cotswold Distillery eyes IPO
The Cotswolds Distillery, the Stourton-based company, is closing in on its target of raising £500.5k through a crowdfunding push on Crowdbnk as it targets an eventual public listing.
It has so far raised just over £490k as it looks to offer 5.5% of its equity.
In the coming three years the Company believes that growth will be driven by several key elements: 1) launch of its whisky onto the market in October 2017, 2) building on the early success of its gin and other spirits with further market penetration across all sales channels, 3) increased visitor traffic through the distillery and onsite shop. Underpinning this is the extraordinary level of demand growth for premium craft spirits, reported at approximately 50% for the 12 months period ending August 2015.
The capital raised in this crowdfunding round will enable the company to fund all these elements of its growth plan.
Additional growth opportunities for a later phase are planned through: 1) a low cost doubling of whisky production, 2) expansion of the visitor centre and 3) opening of a satellite storefront in a nearby Cotswolds town.
The company is now seeking additional equity funding of a minimum of £500.5k and a maximum of £1.001m to allow for the next phase of growth after which it expects to be self-funding prior to an eventual public listing.
