Bladnoch Distillery, one of Scotland’s oldest single malt whisky distilleries, is targeting international growth after securing a £10m loan from HSBC UK.

Bladnoch Distillery in Wigtown, Galloway, will use the asset-based lending facility to support its growth strategy, which focuses on further penetrating existing markets and expanding distribution network to a new markets around the world.

The distillery was established in 1817 but unfortunately ceased production in 2009 before being acquired in 2015 by Australian entrepreneur David Prior who has re-invigorated the brand in the UK as well as exporting its products to Australia and beyond.

Sanderson Weatherall has developed a strong relationship with Bladnoch over the years after helping the distillery originally secure a £3million asset based lending deal to support the re-establishment of the distillery in 2015.

Having provided in depth inventory valuation, monitoring and inventory management advice to the distillery management and its lenders since its change of ownership we were delighted to once again support both HSBC UK and Bladnoch in the latest £10m funding deal.