Gusbourne, the Kent-based sparkling wine producer that is backed by the Richardson family office and Lord Ashcroft, says that its revenues are set to fizz, reflecting its recovery from Covid and “increasing demand for English wines”.
Commenting on latest financial results, the producer said that it expects revenues to be above £3 million for the six months ending June 30, an increase of 108% on the same period in 2021.
Charlie Holland, chief executive, said the sales growth “reflects the luxury status and reputation of the Gusbourne brand, the dynamic growth of the English wine sector and the increasing demand for English wines”.
Sales direct to consumers are forecast to have grown by two thirds in the first half of the year, driven by online sales and cellar door operations at the vineyard at Appledore, while UK trade sales are expected to be up 128%.
Exports, which were hit by transport disruption in the pandemic, also performed strongly, with the United States, Japan and Norway amongst the biggest customers for Gusbourne.
Further, the company has also announced that it has purchased an additional 137 acres of freehold land in Kent worth £1.6 million. The land, on which Gusbourne plans to plant vines by 2024 in order to expand its still wine range, is adjacent to the existing estate, bringing the company’s total acreage to 489.
It also said that it had secured an additional five-year loan of £6 million to provide further working capital and support future growth.
Find out more about Gusbourne and shop at: www.gusbourne.com