Our asset based lending team has helped Bladnoch Distillery Limited secure a £3million asset based lending deal with The Royal Bank of Scotland that will free up cash flow and support re-establishment of the Bladnoch Distillery and brand as highly sought after Lowland Scotch whisky.
Bladnoch Distillery Limited is a single malt distillery located on the banks of the River Bladnoch in South West Scotland. Bladnoch was established in 1817 and is one of the oldest Scotch whisky producers in the region.
The distillery ceased production in 2009 and was acquired in 2015 by Australian entrepreneur David Prior who plans to re-invigorate the brand in the UK as well as exporting its products to Australia and beyond.
Our asset based lending team provided The Royal Bank of Scotland and the company with an independent inventory valuation on their maturing whisky.
Funding is being provided by The Royal Bank of Scotland’s team who structured an innovative £3million facility that allows Bladnoch Distillery Limited to invest in their significant growth ambitions. The facility will also contribute to ongoing working capital to meet new production costs following the planned installation of a new distillery.
David Prior, owner of Bladnoch distillery, said:
“We see great opportunity in Scotch whisky and have big plans for the future. Initially we are concentrating on getting Bladnoch Distillery operational again and launching our Pure Scot and Bladnoch products.
“The valuation work that Sanderson Weatherall completed gave us the ability to free up the cash value within our company assets and we are now able to focus on our key company objectives. Without Sanderson Weatherall’s help we would not be in such a strong position to move forward.”