Finance Yorkshire Case Study Study_Abb… · Award-winning Abbeydale Brewery was formed in 1996...
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www.finance-yorkshire.com Tel. 0845 649 0000 [email protected] Finance Yorkshire Case Study Abbeydale Brewery Award-winning Abbeydale Brewery was formed in 1996 when Patrick Morton & his father Hugh decided to pursue their love of fine beer by creating their very own brewery. The Brewery, owned by Patrick & his wife Sue employs 17 staff in the production of up to 10 regular and special beers every week. Business Loans Pictured (L-R): Andrew Hulse, UHT Wingfield Slater, Patrick Morton, Abbeydale Brewery, Andy Chaffer, Finance Yorkshire, Sue Morton, Abbeydale Brewery. The Company Abbeydale produces 140 barrels of beer a week at its brewery in Aizlewood Road, supplying its range of beers to more than 400 pubs across Sheffield and beyond. It has an annual turnover of £2 million and has previously received investment from Finance Yorkshire in the shape of a £100,000 Business Loan. The Challenge The company has successfully grown the business over the last 17 years and was keen to move to the next level in its growth strategy, increasing barrel production from 140 a week to 180 a week. In addition, Abbeydale wanted to invest in new product development and produce more of its craft beer in keg rather than cask. The Solution Finance Yorkshire provided a £200,000 business loan that enabled Abbeydale to purchase a range of new equipment, which included a new fermenter and the replacing of a hot liquor tank – key pieces of kit in the brewing of beers. Abbeydale also needed to replace its brewery floor and overhaul its telephone system as part of this latest development at the brewery. The Investment Rationale Finance Yorkshire Investment Manager Andy Chaffer said: “Abbeydale is a hugely successful and well run brewery that produces great beers with both passion and innovation. There is every reason to believe it will continue to grow its sales and market share in the UK.” Future Expectations This latest expansion at the brewery demonstrates Abbeydale’s ambitions to continue to excel in the brewery sector, retaining its competitive edge and share of the home market. Sue Morton said: “Finance Yorkshire got us started in this market and this further funding enables us to continue to grow both our core business as well as our new product offer.” The Business Loans team provide loans to complete financial packages for businesses. To find out more contact us on 0845 649 0000 or visit www.financeyorkshire.com Sheffield City Region
Transcript of Finance Yorkshire Case Study Study_Abb… · Award-winning Abbeydale Brewery was formed in 1996...
www.finance-yorkshire.comTel. 0845 649 0000 [email protected]
Finance Yorkshire Case Study
Abbeydale Brewery
Award-winning Abbeydale Brewery was formed in 1996 when Patrick Morton & his father Hugh decided to pursue their love of fine beer by creating their very own brewery. The Brewery, owned by Patrick & his wife Sue employs 17 staff in the production of up to 10 regular and special beers every week.
BusinessLoans
Pictured (L-R): Andrew Hulse, UHT Wingfield Slater, Patrick Morton, Abbeydale Brewery, Andy Chaffer, Finance Yorkshire, Sue Morton, Abbeydale Brewery.
The CompanyAbbeydale produces 140 barrels of beer a week at its brewery in Aizlewood Road, supplying its range of beers to more than 400 pubs across Sheffield and beyond. It has an annual turnover of £2 million and has previously received investment from Finance Yorkshire in the shape of a £100,000 Business Loan.
The ChallengeThe company has successfully grown the business over the last 17 years and was keen to move to the next level in its growth strategy, increasing barrel production from 140 a week to 180 a week. In addition, Abbeydale wanted to invest in new product development and produce more of its craft beer in keg rather than cask.
The SolutionFinance Yorkshire provided a £200,000 business loan that enabled Abbeydale to purchase a range of new equipment, which included a new fermenter and the replacing of a hot liquor tank – key pieces of kit in the brewing of beers. Abbeydale also needed to replace its brewery floor and overhaul its telephone system as part of this latest development at the brewery.
The Investment RationaleFinance Yorkshire Investment Manager Andy Chaffer said: “Abbeydale is a hugely successful and well run brewery that produces great beers with both passion and innovation. There is every reason to believe it will continue to grow its sales and market share in the UK.”
Future ExpectationsThis latest expansion at the brewery demonstrates Abbeydale’s ambitions to continue to excel in the brewery sector, retaining its competitive edge and share of the home market. Sue Morton said: “Finance Yorkshire got us started in this market and this further funding enables us to continue to grow both our core business as well as our new product offer.”
The Business Loans team provide loans to complete financial packages for businesses.
To find out more contact us on 0845 649 0000 or visit www.financeyorkshire.com
SheffieldCity Region
The Business Loans team provide loans to complete financial packages for businesses.
The business loans fund will lend £15k to £250k depending on how established the business is. Small and medium sized enterprises in their early stages can qualify for loans up to £50k, established businesses up to £75k and established and profitable businesses up to £250k.
Business loans are available for a wide range of purposes including funding the gaps in working capital, and capital expenditure. To qualify, businesses must be generating revenue and show the business has the potential to grow.
They must also show funding through conventional sources of finance are insufficient or unavailable. Business or personal assets are not typically required to be provided as security but a personal guarantee may be required.
An extensive team has been developed to ensure financial intermediaries and businesses across the region have easy access to an Investment Manager.
The team is split into three areas:
West Yorkshire and the North - Grahame Lunt Jonathan Craig and Andy Chaffer
East Yorkshire, the Humber, North and North East Lincolnshire - Ian Atkinson
South Yorkshire - Karl Hodson and Ian Howson
Business Loans - £15,000 to £250,000
To find out more about Finance Yorkshire’s Business Loans please contact us.
Meet the team...
Other finance available from Finance Yorkshire:
Seedcorn FinanceUp to £780k
Equity Linked Finance£100k - £2m
Ian AtkinsonInvestment ManagerT: 01226 323732M. 07799 [email protected]
Jonathan CraigInvestment ManagerT: 01226 323733M. 07796 [email protected]
Clive DownwardInvestment DirectorT: 01226 323729M. 07775 [email protected]
Grahame LuntInvestment ManagerT: 01226 323746M. 07713 [email protected]
Ian HowsonInvestment ManagerT: 01226 323730M. 07876 [email protected]
Karl HodsonInvestment ManagerT: 01226 323731M. 07713 [email protected]
1 Capitol Court, Capitol Business Park, Dodworth, Barnsley, S75 3TZ
www.finance-yorkshire.comTel. 0845 649 0000 [email protected]
Follow us on Twitter @financeyorks
Finance Yorkshire Ltd is a company limited by guarantee (Registered No 07075478). Finance Yorkshire Ltd (0845 649 0000) comprises three sub funds, Finance Yorkshire Equity Fund, which is managed by Viking Fund Managers Limited, Finance Yorkshire Small Loans Fund, which is managed by EV Business Loans Limited and Finance Yorkshire Seedcorn Fund, which is managed by Enterprise Ventures Limited. Each of these Fund Managers is authorised and regulated by the Financial Conduct Authority.
Andy ChafferInvestment ManagerT: 01226 323728M.07718 [email protected]
