Union Distillers, a producer of artisan gins, vodkas, and absinthe, that sold to supermarkets and general consumers across the UK from its distillery in Market Harborough, has entered administration.
The business was a subsidiary of the British Honey Company Plc and, due to a decline in sales and key customer contracts coming to an end, was no longer able to meet financial obligations.
Simon Stibbons and Geoffrey Rowley of FRP Advisory were appointed as joint administrators to Union Distillers Ltd on 21 April 2023 and, subsequently, The British Honey Company Plc on 25 April 2023.
Although a sale process has been undertaken for Union Distillers, no interested parties wished to take the business forward. The joint administrators are now in the process of winding down operations with an anticipated end date of mid-May 2023, with the redundancy of all employees.
Simon Stibbons, partner at FRP and administrator of Union Distillers Limited, said: “Union Distillers had been trading since 2012 and introduced a new simplified business model to drive sales through more bespoke and no-alcohol brands.
“However, changes to some of its key client contracts resulted in a decrease in sales and, without sufficient working capital, Union could no longer trade.
“We’d encourage any interested parties to come forward and speak to us. We will continue to work with the impacted staff to make sure they access the appropriate support through the Redundancy Payments Service.”
