Rising costs and difficult trading conditions force Spirit of Harrogate into administration
A well-known drinks retailer in Harrogate behind the popular Slingsby Gin brand has entered administration, it has been confirmed.
Spirit of Harrogate Limited, which is based in the town and operates from its Montpellier Parade premises, has instructed Lewis Business Recovery & Insolvency to assist with placing the company into administration.
Gareth Lewis and Matthew Russell have been appointed as the proposed joint administrators.
The business, founded in 2014 by local entrepreneurs Marcus Black and Mike Carthy, employs five members of staff and has built a strong reputation both locally and nationally for its Slingsby Gin product range.
Spirit of Harrogate quickly became a familiar name on Harrogate’s high street, combining retail with gin experiences and helping to put the town on the map within the UK’s growing craft spirits sector.
However, the company has faced increasing pressure in recent years amid challenging trading conditions affecting the hospitality and drinks industry.
In a statement, Gareth Lewis, proposed administrator at Lewis Business Recovery & Insolvency, said: “Unfortunately the business has, like many in its sector, struggled with rising costs and difficult trading conditions in recent years.
"Spirit of Harrogate is one of Harrogate’s iconic independent retailers and the Slingsby Gin product range is very well respected both locally and nationally."
The administrators have confirmed that the business and its assets are now being actively marketed for sale as a going concern, with the aim of protecting jobs and achieving the best possible outcome for creditors.
Potential buyers interested in acquiring the business have been invited to come forward.
Anyone interested in the sale of the business is advised to contact Olivia Oates at Lewis Business Recovery & Insolvency on 0113 245 9444.