Winemaker
The company also said that it would launch a new crowdfunding campaign in a bid to raise nearly £7m to help continue its growth.
The firm, which makes wine at its vineyards in Kent, said that sales had grown 38 per cent despite losing a third of sales from the closure of hospitality venues due to lockdown.
After a year in which direct to customer sales jumped a whopping 467 per cent, the segment now accounts for 18 per cent of Chapel Down’s business – up from 4.0 per cent last year.
The growth in sales in the division sent profit up 31 per cent for the segment at £5.1m, up from £3.9m the year before.
However, its beer and cider division, which makes 90 per cent of its sales through the hospitality sector, struggled.
As a result of closures, the firm sold just £2.3m worth of the drinks, 52 per cent of the prior year’s sales.
Chief executive
“There is a great deal of excitement around English wine. In
“It was also a heart-breaking year for the
“I am pleased that we were able to dispose of it without further redundancies and to new owners who will invest.”
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