St Andrews expansion
Eden Mill sees 48% rise in income as alcohol-free range launched
Paul Miller: ‘new audience’
Fife distiller and brewer Eden Mill has reported a 48% rise in turnover after confirming the launch of an alcohol-free range of drinks.
The St Andrews-based company saw income surge to £8 million and predicted that profits will almost double this year.
It announced in February 2018 its plans for a new distillery in the town which will be carbon neutral. The £3.1m facility should be complete next summer.
Eden Mill founder and co-owner Paul Miller said: “We’re delighted with our financial results for the last 12 months. Gin sales are up and whisky is creating long-term value for the business.
“Our strategy is based on innovation, experience and convenience as we develop new products, grow our visitor attractions and ensure we are targeting the right customers with the right products.
“We are especially pleased with sales of our ‘ready to drink’ range which has attracted a new audience to gin.”
He added: “To achieve our expansion goals, we are currently in talks with third parties and evaluating longer term funding options to create the first carbon neutral distillery and visitor centre.
“In addition, we are also looking to significantly expand our whisky production capability. The new distillery is on track to open at the end of 2020.”