Sunny

Sunny

max temp: 24°C

min temp: 14°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.

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.

Search hundreds of local jobs at Jobs24

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

Giffords Hall Vineyard feature. Including the use of drone technology to measure crop yield. Pictured is owner Linda Howard.

Vineyard owners in Suffolk and Essex say their industry has grown so quickly over recent years that the region may soon follow famous French appellations in seeking protected status for its wines.

Households are still spending more on leisure, but younger consumers a worried about their future finances following the vote for Brexit.

Britain’s households increased their spend on leisure activities last month, but many are concerned about the future impact on their finances from the vote to leave the European Union.

European Union Competition Commissioner Margrethe Vestager speaking during a media conference at EU headquarters in Brussels.
Photo: AP Photo/Virginia Mayo

Technology giant Apple has vowed to overturn a record 13bn euro (£11.1bn) bill after a European Commission ruling that it has an illegal “sweetheart” tax deal in Ireland.

The newly rebranded Fenwick store, previously Williams & Griffin, in Colchester.

Colchester’s new-look Fenwick department store is to be officially unveiled on September 15 following a £35m redevelopment.

12-20 Upper Orwell Street, which could be demolished and regenerated if plans by the East of England Co-op go through

A derelict building in Upper Orwell Street which has been empty for decades could be set for demolition if new plans for the area are approved.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24