Alderman’s Drinks Ltd, trading as Didsbury Gin, has appointed Gareth Howarth of Path Business Recovery Ltd as liquidator to wind up the business.
Accounts available on Companies House revealed the spirits brand owed £195,924 to creditors, including £126,864 to trade and expense creditors and £36,492 to NatWest Bank as a ‘Bounce Back Loan’.
Voluntarily wound up
A statement from the company’s annual general meeting dated 4 December 2024 read: “It has been proven to the satisfaction of this meeting that the company cannot, by reason of its liabilities, continue its business and that it is advisable to wind up the same and accordingly that the company be wound up voluntarily.”
Didsbury Gin became a household name in 2017, having won £75,000 of investment after appearing on BBC TV’s Dragons Den. The brand won over Dragon Jenny Campbell, who took a third of the business in 2018.
In 2019, Didsbury secured a £300,000 invoice finance deal from specialist bank Aldermore to help upscale the business and significantly boost production.
At the time, co-founder and managing director Liam Manton told Food Manufacture the money would be used to help boost volumes from 15,000 cases of gin sold per year to 300,000 cases.
Appointment
The gin firm also appointed Halewood managing director Andy Smallman as board advisor, to work closely with closely with the management team to assist in accelerating the brands’ growing sales channels.
In 2023, founders Liam Manton and Mark Smallwood were recognised with the Medal of the Order of the British Empire in the New Year Honours List for ‘Services to the community during Covid-19’, where they immediately switched production to hand sanitiser, producing the equivalent of 2.8 million bottles for every public service in the region.
Meanwhile, last month, FMCG firm Supreme acquired Typhoo Tea out of administration in a deal worth more than £10m.
