This new agreement replaces its previous arrangement with The Royal Bank of Scotland on more favourable terms.

The new four-year Asset Based Lending Facility, which runs until September 2029, represents a £13.5m increase in available funds. It also features a lower headline margin rate of 2.05% and has no financial covenants, offering the company greater flexibility.

Following the agreement, the company has fully repaid its previous £21.5m revolving credit facility with RBS, along with £0.5m in other loans. Its remaining borrowings of £8.9m with Ferovinum are scheduled to be fully repaid by August 2026.

The company noted that its net debt rose to £29.5m in the first half of 2025 but stated it believes this figure has now peaked and will reduce in the second half of the year.

Andrew Dane, CEO of The Artisanal Spirits Company, said that the new facility provides “a longer term, greater headroom and lower margin” than previous arrangements.

He added: “This refinancing supports our broader strategic initiatives and delivery of results in line with expectations. We continue to diversify our revenue streams, supported by a rigorous focus on cost discipline and operational efficiency, where we are actively streamlining our cost base, and this reduction in interest rate further supports this drive.”