DMH Stallard is pleased to have advised the globally acclaimed, Sussex-based winery, Ridgeview Wine Estate, on their financing and growth plans. The DMH Stallard team included the work of the corporate team, led by Abigail Owen, Corporate Partner and commercial property team, led by Anne Milne, Property Partner. The Sussex office of Clydesdale Bank Plc, led by Justin Ellis, provided the new source of funding for Ridgeview.
Ridgeview produces the highest quality English sparkling wine using traditional sparkling grape varieties and methods. They are the proud winners of numerous international sparkling wine trophies and their wine is served regularly at Buckingham Palace and is the official sparkling wine of No. 10 Downing Street.
English sparkling wine is an exciting growth industry with an annual production of over 5 million bottles, however it is notoriously difficult to finance with harvest variations and stock tied up in cellars to age before release. DMH understand the unique conditions of this prosperous company and Clydesdale were highly suited to fund the winery with their understanding of agricultural & family businesses.
Tamara Roberts, CEO of Ridgeview, was awarded Sussex Business Woman of the Year in November last year at the Business Women Excellence Awards. She was also named Entrepreneur of the Year in February 2017 at the Insider South East Dealmakers Awards.
This is the sixth client that DMH Stallard have acted for in the drink and food sector in recent months.
Tamara Roberts, CEO of Ridgeview, said: “Ridgeview has had a fantastic couple of years and we’re pleased that we’re going to be able to keep working towards fulfilling our ambitions following our expansion financing. We recently appointed a U.S distributor and we are excited about the next steps including growing our export portfolio and beginning planning for our third phase winery development. The professionalism and support that the team at DMH Stallard has provided us with has been invaluable in this crucial stage of our development”.
Abigail Owen, Partner, commented: “Having worked with Tamara and the Ridgeview team over the past two years, it was a pleasure to assist them with their plans to expand and grow their highly successful business. We wish them every success and look forward to continuing to working with this dynamic family business.”
For more information on this announcement or for information on other services offered by the corporate team, please contact Abigail Owen – email@example.com or by calling Abigail on 01293 605022.