Expansion brewing at Welsh craft beer company
A leading Welsh craft brewery is set to boost production at its Newport site after announcing plans to build a new 30,000 sq ft distribution centre.
Read time: 5 mins Added: 22/02/2019
Moving distribution operations to the new site will allow the firm to expand production at its main brewery, enabling it to increase its capacity by seven times and brew more than 12 million litres of beer annually.
Raising a glass to their success
Since founders Brad Cummings and Gaz Williams started the brewery in their garage seven years ago, the business has gone from strength-to-strength. It now works with distributors and wholesalers in 36 countries across the globe and has recently started exporting to a number of new markets, including Korea and Japan.
As a result of the move to the new distribution centre, the company expects to achieve a turnover of £10 million and will be creating 25 new jobs to support its ongoing growth.
"We've worked with Lloyds Bank since our inception in 2012. The relationship team's constant support and guidance has been invaluable throughout every stage of our growth."
Brad Cummings, co-founder of Tiny Rebel Brewery
Brad Cummings said: "The British craft brewing industry has exploded in recent years thanks to growing demand in both local and overseas markets.
"Our core focus remains on expanding sales across the UK, and the new distribution centre will provide us with the flexibility needed to increase production and expand our product range."
David Williams, relationship manager at Lloyds Bank Commercial Banking, said: "It's the drive and ambition of Brad and Gaz that has made Tiny Rebel Brewery a success. They are driven to be the best and are always looking for new ways to expand or to grow their market share."
"For independent firms to succeed, it's vital that they have the correct funding in place. It's for this reason that we've pledged to lend £18 billion to UK businesses this year, with £1.1 billion of this earmarked to go to firms across Wales."
David Williams, relationship manager at Lloyds Bank Commercial Banking
Receiving specialist support
Lloyds Bank has been by Tiny Rebel Brewery's side for the past seven years, arranging the specialist finance the company has needed to grow.
In 2017, the relationship team provided a tailored funding package that enabled the brewery to develop its 65,000 sq ft headquarters in Newport. The package included a hire purchase and leasing facility to buy brewing equipment.
Lesley Williams, Asset Finance regional manager for Global Transaction Banking at Lloyds Bank, added: "Brad and Gaz have successfully transformed their hobby into a business with products that are enjoyed right across the globe.
"At Lloyds Bank we're dedicated to helping businesses like Tiny Rebel prosper, providing the tailored funding they need to capitalise on new opportunities. In 2017, we supported Tiny Rebel with a hire purchase and leasing facility. This is a great way for businesses to buy new equipment. There is no requirement for a lump sum up front, meaning firms can invest in growth, whilst protecting their working capital."
All lending is subject to status.
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