The Dundee-based distiller was named sole provider of gin to the Home of Commons in 2019 and in 2017 Verdant Gin picked up the Gin of the 12 months award on the inaugural Scottish Gin Awards.
Chatting with The Courier, Verdant Spirits founder Andrew Mackenzie mentioned: “We constructed up the enterprise to be in fine condition in 2019 and at the moment we had been in search of funding to take us as much as the following stage and develop. The customer centre and gin college would have taken us to the following stage.
“We had been near securing funding of round £250,000 after which alongside got here Covid. We struggled by way of that interval, primarily by switching to producing hand sanitiser, however that market dried up.”
Mackenzie revealed to The Courier that he personally stands to lose £200,000.
“It’s a tragic day and naturally shedding £200,000 is one thing no person desires to do,” mentioned Mackenzie. “It’s an actual disgrace as we at the moment have £36,000 of unfulfilled orders. There will probably be an public sale, in all probability on the distillery, of the gear. Then that cash will go in the direction of paying collectors and the enterprise will simply be wound up.
“Money owed are within the area of £25,000. I’ve spent the final six months happening each potential avenue to attempt to get this going. It’s a terrific product in a fantastic website however we simply don’t have the money to get by way of. It will likely be a couple of weeks earlier than the liquidation turns into agency so if anyone on the market desires to get entangled, please get in touch.”
