LendingCrowd has recently completed a debt financing round for the producer of Pickering’s Gin, Summerhall Distillery, raising £500,000 for the award-winning Scottish spirits brand.
The funding round will be used by Summerhall Distillery, Edinburgh’s first exclusive gin distillery in 150 years, to expand facilities and meet demand for their hugely successful gin-filled Christmas baubles in 2017. The product line has gained massive national and international press coverage, and having gone viral across social media with their final batch sold out in 82 seconds online. Pickering’s Gin has secured exclusivity of scale on this unique, patented product. The gin is distilled from an old Bombay recipe by business partners and co-founders Matthew Gammell and Marcus Pickering who established Summerhall Distillery in the heart of Edinburgh in 2013.
The financing campaign we ran on our lending platform for the Summerhall Distillery is a classic type of deal, characterised by an ambitious management team at Pickering’s with a fast-growing business who require access to funding in a quick and efficient manner not always prevalent when it comes to the high street banks.
With a growing presence in the Food & Drink sector we are looking to complete loans for Food & Drink companies in the coming months to help more businesses in this exciting and fast-growing sector.
Matthew Gammell, director and co-founder of Summerhall Distillery, said: “Not only have we been impressed with the speed and standards of customer service from LendingCrowd, it’s also refreshing when you get such a personalised approach to understanding the requirements of a rapidly growing business like ours”.
Marcus Pickering added: “The massive demand for our baubles took us pleasantly by surprise, so working with LendingCrowd has allowed us to react quickly and make sure we deliver for our customers next Christmas.”