Shawbrook supports Glasgow Distillery Company with £11m funding facility
Specialist inventory-backed funding unlocks working capital from maturing Scotch whisky inventory to support continued growth.
At a glance
Supporting a growing premium spirits business
Glasgow Distillery Company is one of Scotland's leading independent distilleries, producing premium spirits including Glasgow 1770 Single Malt Scotch Whisky. As production has expanded, the business has continued to invest heavily in maturing whisky inventory.
The requirement
The business required a funding solution that recognised the long-term value of maturing whisky inventory, refinanced existing facilities and created additional working capital headroom for continued investment and growth.
Shawbrook's solution
Shawbrook structured an £11m inventory-backed Asset Based Lending facility tailored to the whisky maturation cycle, unlocking capital secured against eligible inventory while preserving operational flexibility. The transaction was introduced by Noble & Company with Addleshaw Goddard providing legal support on the deal.
The outcome
The facility provides Glasgow Distillery Company with increased liquidity to continue investing in production, inventory and future growth, demonstrating Shawbrook's ability to support businesses with specialist assets and complex funding requirements.
As an independent distiller, significant value is created long before every bottle reaches the shelf. Shawbrook understood our business model and the characteristics of whisky maturation, structuring a facility that unlocks working capital and enables us to invest in production, expand our inventory and continue delivering exceptional spirits to customers around the world.
Jeremy Bolton, Senior Director, Asset Based Lending at Shawbrook, said:
“Glasgow Distillery Company has built a distinctive position within Scotland's premium spirits sector. By taking the time to understand both the business and the value of its maturing whisky inventory, we were able to structure a funding solution that provides flexibility today while supporting its long-term growth strategy.”
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