Customer stories
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Pickering’s Gin
Aug 2019

Pickering’s Gin: A Borrower Story

LendingCrowd completed a debt financing round for the producer of Pickering’s Gin, Summerhall Distillery, raising £500,000 for the award-winning Scottish spirits brand.

Amount
£500,000
Location
Edinburgh
Sector
Food & Drink
Loan Purpose
Growth finance
Pickering’s Gin

The opportunity

The funding round was used by Summerhall Distillery, Edinburgh’s first exclusive gin distillery in 150 years, to expand facilities and meet demand for its hugely successful gin-filled Christmas baubles in 2017.

Funding ambitions

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.

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.”

You can read other LendingCrowd borrower stories on our Case Studies page.

Working in partnership

LendingCrowd understands that partnerships have an important role to play in bridging the funding gap faced by so many SMEs. That’s why we’re pleased to have forged strong links with a growing community of commercial finance brokers and introducers.