25th October 2015
Today has been a massive day. We finally received our HMRC license and warehouse approvals. We now have Trade facilities warehouse, Distillers license, rectifier and compounders license and WOWGR. This has been a much longer process than anticipated but in the end came through very quickly once all the detail had been ironed out. Our case officer has been incredibly helpful throughout the process.
We’ve had to look at all aspects of the business on paper and physically in person with inspections on the ground throughout the project. One of the great things about this process is that it has forced us to look at areas of the business we are less passionate about such as the paperwork and documentation and the process’ we have had to introduce to handle and store bonded duty suspended spirit. After many issues in the past it has been great to finally get all approvals through.
We have also resubmitted our EIS investment documents. These are the documents which enable investors to gain tax relief on share investment into the company. This is really important and incentivizes and protects shareholder capital.
This week we intend to submit final application for InvestNI. On talks and discussion prior we have been advised that we have a great case for funding and backing. We know we have a great tourism opportunity in Fermanagh and this much needed funding will help build something great.
Our intention is to release an early batch of our gin to consumers whilst we are waiting for the full size stills to be bought. Vacuum distilling is a great way of getting flavor out of botanicals without extracting any harsh or undesirable flavours. It’s also a great way of doing low volume batch runs.
It runs at 60 degrees and distills using a reduced air pressure. Much like in the same way it’s a lot faster to boil a cup of tea when you’re up a mountain.
We are in talks with an experienced distiller who has worked largely with vacuum stills in the industry.