Artisanal Spirits Company PLC (The) Supply Chain Facility Lease Signed
18 Octubre 2021 - 1:00AM
RNS Non-Regulatory
TIDMART
Artisanal Spirits Company PLC (The)
18 October 2021
18 October 2021
The Artisanal Spirits Company plc
("The Artisanal Spirits Company", "ASC" or the "Company")
Supply Chain Facility Lease Signed
and
SMWS Global Membership Surpasses 30,000
The Artisanal Spirits Company (AIM: ART), the owner of The
Scotch Malt Whisky Society ("SMWS"), the leading curator and
provider of premium single cask Scotch malt whisky and other
spirits for sale primarily online to a discerning global
membership, is pleased to announce that it has signed a 10-year
lease for a new supply chain facility in Uddingston, Scotland.
The contract, initially announced as a heads of terms agreement
in September 2021, will provide the Group with greater control of
its supply chain, with a view to improving margin contribution over
time. The 37,000 sq. ft. facility comprises a high quality
warehouse, production building and offices and is located on a
secure yard with excellent transport links. Design work and the
process of sourcing equipment is underway and the installation is
scheduled to begin at the start of 2022. The facility is expected
to become fully operational in the second half of 2022 and will
employ around 10 people.
The new supply chain facility provides the Company with enhanced
capability to supply its growing SMWS membership with ultra-premium
scotch malt whisky and other spirits. SMWS' global membership has
now surpassed 30,000 for the first time, with the recent uptake
from UK members being particularly encouraging following the phased
reopening of venues and relaxing of COVID related restrictions.
David Ridley, Executive Managing Director of the Company, said:
"Securing a long-term lease at a newly refurbished supply chain
facility comes at an exciting time for us as we continue to scale
up the business with the IPO proceeds. The facility will allow us
to take greater control over the Group's supply chain, whilst also
providing us with the resources to supply our growing
membership.
"To have attracted 30,000 members worldwide is testament to our
offering and signifies an exciting milestone for the Group and we
look forward to further membership growth, while continuing to
excite our existing members, with an increasing variety of flavours
and quality SMWS products in the years to come."
For further enquiries:
The Artisanal Spirits Company plc via Alma PR
David Ridley, Managing Director
Andrew Dane, Finance Director
Singer Capital Markets (Nominated Adviser Tel: +44 (0) 20 7496 3000
and Sole Broker)
Sandy Fraser
Rachel Hayes
George Tzimas
Asha Chotai
Alma PR (Financial PR) Tel: +44 (0)20 3405 0205
Josh Royston artisanalspirits@almapr.co.uk
David Ison
Harriet Jackson
Molly Gretton
About The Artisanal Spirits Company
Artisanal Spirits Company (ASC) is based in Edinburgh. It owns
The Scotch Malt Whisky Society (SMWS) which was established in 1983
and currently has a growing worldwide membership of over 30,000
paying subscribers.
Harnessing the experience of some of the most knowledgeable
stewards in the industry, SMWS provides members with inspiring
experiences, content and exclusive access to a vast and unique
range of outstanding single cask Scotch malt whiskies and other
craft spirits, sourced from over 100 distilleries in 20 countries
and expertly curated with diligence and care. In 2020 over 85% of
Group revenue was generated online, whilst 9% was generated through
SMWS's four UK venues.
Having initially proven its premium experience model in the UK,
SMWS is now able to offer its unrivalled breadth of distinguished
flavours to an expanding international market, with 69% of 2020
sales from outside the UK. SMWS has a growing presence in the key
international whisky markets of UK, China, USA and Europe.
ASC is building a portfolio of premium brands that bring
together some of the world's best producers with a growing movement
of discerning consumers by curating unrivalled collections of craft
spirits.
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END
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