Hinch Distillery Limited

Hinch Distillery Limited, based in Lisburn, Northern Ireland, is a small, holding company with an active status. Founded eight years ago in 2016, it employs 62 people and holds assets worth £10,564,856. The company, led by three directors and one owner, operates an e-commerce site and is known for distilling spirits, rectifying, and blending, as well as operating real estate. It imports wood and wood products irregularly (for one month), and exports drinks, alcohol, and vinegar regularly (for sixteen months).

The company’s website showcases a range of Irish whiskeys and gins, with a strong emphasis on visitor experiences, including tours and a restaurant. The online store offers a variety of products, from core range whiskeys to limited editions and craft casks, alongside a selection of gins. The site also highlights a cask programme and a partnership with a local restaurant, Era.

Financially, Hinch Distillery Limited’s numbers present a mixed picture. Accrued liabilities decreased by 35%, while accumulated amortisation increased significantly—copyrights patents trademarks saw a 40% increase, and goodwill a 34% increase. Bank borrowings surged by a remarkable 110%, reaching £9,500,000, and cash reserves fell by 50% to £60,000. Trade debtors decreased substantially, suggesting improved collection efforts. Average number of employees dropped by 37%, from 62 to 39. The company’s small size—meeting two of three conditions for a small company—helps it maintain agility, but the increase in bank borrowings and decrease in cash reserves raise questions about its financial health. The company’s accounts were audited by Grant Thornton (NI) LLP.

It's clear the company is actively engaged in distilling and selling its products online, but the financial data suggests it’s burning through cash. Whether this is a temporary situation due to investment or a longer-term challenge remains to be seen.

Registered in Northern Ireland under the registration number NI640001, with a registered address at BT27 6TZ, Northern Ireland, Lisburn, County Antrim, Killaney Lodge, 19 Carryduff Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.