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Challenging start for brewery hoping to transform Rosebank distillery

Gerald Michaluk of Arran Brewery.

Gerald Michaluk of Arran Brewery.

 

The company which wants to transform the site of the former Rosebank distillery has reported “challenging” trading in the last three months.

Despite this, Arran Brewery has managed year-on-year growth of four per cent, while profits were up eight per cent.

Managing director Gerald Michaluk said the figures reflected the time that has been spent by the management team on its share launch.

The company is looking for small investers to buy shares at £80 each and hopes to raise £4 million through its crowd funding initiative.

It wants to use cash raised to upgrade its brewery on Arran, develop two new breweries on the mainland, a brewing school and open a distillery.

Gerald said: “The launch took up a lot of management time and resources and now that it is out there, we need to market the offer. We will be further strengthening the team and have several new posts to fill.”

Plans to set up Rosebank as a brewery are at a standstill until planning red-tape can be overcome but Gerald is confident the project can move forward.

 

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