Partly Cloudy

Partly Cloudy

max temp: 13°C

min temp: 10°C

ESTD 1874 Search

Pentlow: Nethergate/Growler brewery goes up for sale

18:21 11 March 2014

The new brand image for the Growler Brewery, previously known as Nethergate.

The new brand image for the Growler Brewery, previously known as Nethergate.

Archant

The company behind the Growler Brewery at Pentlow, near Long Melford, has been put up for sale by its directors.

shares

East Anglia-based business rescue specialist McTear Williams & Wood has been instructed to act for Clare Brewing Company Ltd, and says it expects the business to be sold as a going concern.

The Growler Brewery, previously known as Nethergate, was established in Clare in 1986 and relocated to its present site in 2005.

It was acquired by its current shareholders in 2010 since when it has undergone a major rebrand, with its new trading name being derived from its best-known beer, Old Growler and currently has an annual turnover approaching £2million.

In a statement today, McTear Williams & Wood said today: “In the past few years the business has struggled financially and whilst the shareholders have invested significantly, appointed a new managing director and undertaken cost saving measures, it was unable to recover.

“Clare Brewing Company sought advice from McTear Williams and Wood, whose specialists are optimistic about the possibility of an early sale of the business and its assets.”

Chris McKay, a partner at McTear Williams & Wood, added: “We expected this business to be intensely sought after and in fact we have already received expressions of interest from prospective purchasers. Any interested parties should make contact with me at the earliest opportunity. We are hopeful that a successful transition of ownership will safeguard jobs.”

Growler Brewery, which currently employs 12 people, has won a string of awards of the years, including the Campaign for Real Ale’s national Champion Winter Beer title on two occasions, the Good Pub Guide Brewery of the Year honour in 2011 and CAMRA’s Champion Speciality Beer award last year.

Besides Old Growlwer, its range of beers include Growler Bitter, Gladness (brewed in conjunction with members of the band Madness), Essex Border, Lemon Head, Umbel Ale and Umbel Magna.

shares

2 comments

  • Looks like someone's been drinking too much "Old Growlwer". It has that effect on me too.

    Report this comment

    beerlover

    Tuesday, March 11, 2014

  • Umbel ale has for years been easily the best beer in the world. Whoever takes over this brewery must, please, continue to brew this superlative product.

    Report this comment

    Boris

    Tuesday, March 11, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

Thomson's first flight from Stansted Airport to Cancun, using the Dreamliner, was today. Picture: Tony Pick Photography

The first Dreamliner plane jetted off from Stansted Airport yesterday as part of a new route to Mexico.

The Iron Throne featured in the Game of Thrones series, which is coming to Ipswich this month

Pretenders to the Iron Throne will have the opportunity to stake their claim as ruler of Westeros this month as the iconic seat used in the hit TV show Game of Thrones will be coming exclusively to Ipswich.

Cap David Marsden, Daisy Ip and Louisa Chung from the Hong Kong Trade Development Council, with Deputy Mayor of St Edmundsbury Cllr Patrick Chung, Leader of St Edmundsbury Cllr John Griffiths, St Edmundsbury Cabinet Member for Economic Growth Cllr Alaric Pugh, Nikkos Savvas, principal of West Suffolk College.

The “encouraging” interest shown by west Suffolk companies for business opportunities in Hong Kong has sparked a second seminar in Bury St Edmunds next Thursday.

Shell has seen profits plummet.

Shell’s first-quarter profits plummeted 58% to 1.6 billion US dollars (£1.1 billion) as the falling oil price continues to hammer the sector.

Sainsburys posted a 13.8% fall in underlying annual profits.

Sainsbury’s posted a 13.8% fall in underlying annual profits as it remained under pressure amid a supermarket price war and said there was little sign of an end to tough conditions.

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Most commented

HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24