Spirited performance from Halewood as profits more than double

Merseyside-based Halewood Wines and Spirits has more than doubled its profits.

The parent company of independent alcholic drinks manufacturer and distributor Halewood International delivered profits of £3.9m in the year to July 1, 2017 (2016: £1.7m).

The company is behind brands including Whitley Neill Gin, Liverpool Organic Gin, Marylebone Gin, Pogues Irish Whiskey, Crabbie’s Alcoholic Ginger Beer and key acquisitions City of London Gin, Hawkshead Brewery, and Sadlers Ales.

The listed company said the results reflect a positive turnaround year with revenue growth driven by a new management team via key supermarket listings in mid-priced and premium spirits across the globe.

Exports expanded with an increased emphasis on Asia particularly China and Thailand.

Group chief executive Stewart Hainsworth said, “Halewood has delivered a second year of profit as the impact of the successful restructuring and change in corporate strategy delivers sustainable margin growth.

“We have seen particular success with our range of premium gins and Whitley Neill Gin is now the third largest premium gin by value in the grocers.”