The Yorkshire based mostly agency has cited “rising prices and troublesome buying and selling circumstances” for its demise.
TAKEN FROM GOOGLE MAPS UK gin maker collapses into administration – received gold at 2023 World Gin Awar (Picture: f)
An award successful gin retailer has appointed directors, citing “rising prices and troublesome buying and selling circumstances”. A discover in The Gazette confirms that Spirit of Harrogate, a North Yorkshire based mostly firm has appointed Lewis Enterprise Restoration and Insolvency to “help with inserting the corporate into administration”, with Gareth Lewis and Matthew Russell the proposed joint directors.
Administrator Gareth Lewis mentioned: “Sadly, the enterprise has, like many in its sector, struggled with rising prices and troublesome buying and selling circumstances in recent times. Spirit of Harrogate is one in all Harrogate’s iconic impartial retailers and the Slingsby Gin product vary may be very nicely revered each domestically and nationally. We at the moment are actively advertising and marketing the enterprise and belongings on the market as a going concern in an try to protect jobs and maximise the return for collectors.”
A bottle of Slingsby Gin by Spirit of Harrogate (Picture: -)
Directors have confirmed the enterprise and its belongings at the moment are being actively marketed on the market.
The agency within the North Yorkshire spa city of its identify, was based in 2014 by entrepreneurs Marcus Black and Mike Carthy to “have a good time the spa city heritage”, in line with the corporate’s web site.
The corporate produces a variety of Slingsby merchandise, with the inspiration for the identify being drawn from the story of William Slingsby, who is alleged to have found the “distinctive properties” of pure spring water in Harrogate in 1571.
Their Slingsby Gin merchandise use water drawn from an underground aquifer in Harrogate and botanicals grown on the close by Rudding Park Lodge, however are distilled in Middlesbrough.
It’s understood that it employs 5 folks inside its store which provides tastings
The corporate’s success was underlined in 2023 as the corporate’s rhubarb gin received gold on the World Gin Awards.
Nonetheless the agency has discovered buying and selling troublesome in recent times, with latest Corporations Home filings displaying an organization working with minimal belongings and really restricted working capital.
Accounts filed in 2025 present little proof of money reserves, property, or gear that will usually assist an organization handle money move by way of a interval of financial issue.
Additionally they present web belongings near zero or marginally adverse — a key indicator that an organization lacks the resilience to soak up prices or maintain operations over time.
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Potential consumers are being urged to return ahead rapidly because the seek for a rescue deal will get beneath approach.
These concerned about buying the enterprise have been suggested to contact Olivia Oates at Lewis Enterprise Restoration & Insolvency.
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