Stillgarden Distillery, the Dublin 8-based independent producer of Italian amari liqueurs, has ceased trading and entered voluntary liquidation.<\/p>\n
The company \u201chas not succeeded\u201d in a \u201clengthy search\u201d conducted this year to raise new investment to sustain the business, it announced on Thursday morning. It had sought an experienced international managing director to lead the company, which sells its products in Ireland and Britain, to \u201cthe next stage of growth\u201d.<\/p>\n
\u201cDespite months of work and conversations with a range of potential investors, no deal was secured, and the company could not afford to keep going on its own,\u201d the distillery said in a statement announcing its closure. <\/p>\n
Based on Tyrconnell Road in Inchicore, Dublin 8, Stillgarden Distillery was set up in February 2020 by husband and wife Pat O\u2019Brien and Victoria Baird and their business partner Damien Heary. <\/p>\n
It produced Irish amari, a herbal liqueur typically drunk as a digestif after dinner, as well as other similar products, and was sold in the UK through supplier Master of Malt.<\/p>\n
Sales rose as the Covid-19 pandemic eased and reached close to \u20ac400,000 in 2023, according to the distillery. However, heightened production costs and a tightened market space forced the team to restructure in 2024, narrowing the range of products on offer just to break even. <\/p>\n
Baird, the distillery\u2019s managing director, said: \u201cWe have done everything we could to keep Stillgarden going.\u201d<\/p>\n
\u201cWe made the business leaner, built a brand that people loved here and in the UK and put everything into finding the right investor to take it to the next level,\u201d she said. <\/p>\n
\u201cWhat a small independent distillery needs is capital, and we simply could not keep funding it ourselves.\u201d<\/p>\n
Abridged financial accounts for the distillery\u2019s parent company, Disruptive Spirits, from the 2024 financial year show the business owed substantial sums of money to its two directors, with more than \u20ac550,00 repayable to Baird and more than \u20ac39,000 due to O\u2019Brien.<\/p>\n
The company made a \u20ac833,000 loss in income by the end of 2024, the accounts show, and received \u20ac60,000 in Government grants to support the business\u2019 operations.<\/p>\n","protected":false},"excerpt":{"rendered":"Stillgarden Distillery, the Dublin 8-based independent producer of Italian amari liqueurs, has ceased trading and entered voluntary liquidation.…\n","protected":false},"author":2,"featured_media":675873,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,78654,60],"class_list":["post-675872","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-inchicore","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/675872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=675872"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/675872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/675873"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=675872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=675872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=675872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}