Eden Mill cheered by revenue surge

A Fife distiller and brewer is toasting a 48% surge in revenue as it eyes the construction of a new distillery.

St Andrews-based Eden Mill saw turnover increase to £8 million for the year ending March 2019, as the company expanded its portfolio under the Eden Mill brand.

Operating profit for the year will grow to £495,000 with the current year’s profit forecast projected at £800,000 driven by increased sales and improved efficiency.

With sales in the first six months of the current year up 17%, the company is on track to achieve 2020 forecasts.

Paul Miller, co-owner and founder of Eden Mill, said: “We’re delighted with our financial results for the last 12 months.

“Gin sales are on the up and whisky is creating real long-term value for the business.

“To achieve our expansion goals, we are currently in talks with third parties and evaluating longer term funding options to create the first carbon-neutral distillery and visitor centre.”

The firm is looking to “significantly” expand its whisky production arm with the new distillery at Guardbridge and further drive revenues through pop-up retail opportunities.

As part of a plan to engage further with their customers, Eden Mill operates two venues for their Blendworks Gin School experience, where visitors can create their own gin.

Mr Miller said: “Gin tourism is a new and growing experience, with numbers up 42% over the past decade in Scotland.

“In addition to the Blendworks Gin Schools currently located in St Andrews and Glasgow’s Princes Square, we are developing our Blendworks On Tour experience with pop-ups in Edinburgh and London in the planning.”

Eden Mill’s range of products includes a premium gin selection, gin liqueurs, pre-mixed cocktails and gin cans, single malt whisky and a portfolio of local beers.

Eden Mill Original Gin was voted Scottish Gin of the Year 2018 at the Scottish Gin Awards.

The company earlier announced a new commercial partnership with the SEC Campus in Glasgow.

Paul Miller, co-owner and founder of Eden Mill.