A London investment firm is in talks to buy Masham’s troubled Black Sheep Brewery, according to media reports today.

The brewery, which employs about 50 staff, said last week it intended to appoint administrators after being hit hard by covid and rising costs.

Sky News reported Breal Capital has emerged as the leading contender to acquire the company, which was founded in 1992 by Paul Theakston.

Sky News said “other bidders remained in contention to acquire the business, and that a deal with Breal was not yet certain”.

It added the brewery asked interested parties to table offers by last Friday, and cited a pre-pack administration as one possible outcome.

Breal Capital is part of Breal Group, which did not respond to the Stray Ferret’s request for comment today.

Charlene Lyons, Black Sheep Brewery’s chief executive, said last week:

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As Masham celebrated the King’s Coronation, people in the small market town have spoken of hopes a buyer can be found for the Black Sheep Brewery.

Last week, Black Sheep announced administrators had been appointed after being “hit very hard” by the pandemic and a rise in costs.

The company, which employs around 50 members of staff, was founded in 1992 and has become a tourist hotspot bringing a significant amount of footfall to the town.

One local business owner told the Stray Ferret people are worried about a potential loss of income for their own businesses if the brewery doesn’t survive.

Tim Ledbetter, owner of Bentley’s of Masham, said:

“With it being such a big employer, there is then a big knock-on effect.

“We get a lot of trade from visitors of Black Sheep — it could be detrimental.”

The brewery reported turnover of £14.3 million as of March 31, 2022, according to its most recent accounts. However, it also stated a pre-tax loss of £1.18 million, compared to £862,871 profit in the previous year.

Read more:

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• Masham’s Black Sheep Brewery to enter administration

Reports of  interest from several potential buyers has given some cause for cautious optimism.

Emily Swift, an employee of Through the Looking Glass, said:

“People were definitely concerned, but talks of a possible buyer has eased worries.”

A confirmed acquisition or sale has not yet been confirmed, and Teneo remains in place as the brewery’s financial adviser.

Black Sheep Brewery in Masham is “trading as normal” after announcing it intended to appoint administrators.

The company announced the move, which it said was done to “protect the interests of creditors”, yesterday.

The brewery had launched a strategic review to explore funding options to develop the business, but last Friday confirmed it was no longer considering the sale of the company and then said yesterday it planned to appoint administrators.

The Stray Ferret asked the firm whether the move to give notice on appointing administrators affected jobs or trade at the company.

A spokesperson said that the “business continued to trade as normal” and that staff were being paid.

The firm added “no shares will be traded on asset match until further notice” as a result of the decision.

According to its most recent accounts, Black Sheep reported turnover of £14.3 million as of 31 March, 2022.

However, it also recorded a pre-tax loss of £1.18 million compared to £862,871 profit in the previous year.

‘Gloom’ descends on Masham

The move to appoint administrators was met with concern in Masham, where Black Sheep and Theakston breweries dominate the town.

Ian Johnson, a parish councillor in Masham, told the Stray Ferret that the news was a “difficult situation” which had caused “a bit of gloom”.

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However, he remained hopeful the brewery could turn its fortunes around.

He said:

“Masham is a brewery town. It’s a brewery town full stop.

“I hope there is still a future. We all do. I am sure someone would want the brand.”

In a post on its social media this afternoon, Black Sheep said it had received “supportive messages” since making the announcement.

Thanks for all the supportive messages since our announcement, BUT we've not gone anywhere!

We've just had 22 tonnes of malt delivered and are busily making more beer and can supply everyone as normal. So, if you’d like to help us, get out to your local and sup some Black Sheep! pic.twitter.com/CYHVR8EyIG

— Black Sheep Brewery (@BlackSheepBeer) May 3, 2023

It added:

“We’ve just had 22 tonnes of malt delivered and are busily making more beer and can supply everyone as normal.

“So, if you’d like to help us, get out to your local and sup some Black Sheep.”

Black Sheep, which was founded in 1992 by Paul Theakston, appointed Teneo as its financial advisor to support its funding review in April.

At the time, the company said it was experiencing good sales volumes of its beers, however there remained a significant constraint on funding due to economic conditions.

Masham’s Black Sheep Brewery has announced it is to appoint administrators.

Last month, the company, which employs about 50 staff, launched a strategic review to explore funding options to develop the business. One option was to sell the company.

However, the firm announced in a trading update on Friday it was “no longer considering the sale of the company”.

Today, in a further statement, the company has announced it is set to appoint administrators.

It said:

“On 11 April 2023, the company announced it had commenced a review of its strategic options, including the possibility of an acquisition of the company in all or in part, given constraints on its funding. On 27 April 2023, the company made a further announcement explaining that it was no longer seeking an acquisition of the entire issued share capital of the company, but it was still considering a sale of the business and assets of the company.

“The board of the company has resolved to file a notice of intention to appoint Kristian Shuttleworth and Clare Boardman of Teneo Financial Advisory Limited as administrators to the company and BSB Retail Limited.”

Black Sheep, which was founded in 1992 by Paul Theakston, said it had made the decision to “protect the interests of its creditors”.

It added that “no shares will be traded on asset match until further notice” as a result of the move.

It comes as the company appointed Teneo as its financial adviser to support its review in April.

At the time, Black Sheep said it was experiencing good sales volumes of its beers, however there remains a significant constraint on funding due to economic conditions.

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It’s time to join the Stray Ferret Business Club. The fourth in our series of networking events, with Banyan Bar & Kitchen, is a breakfast event on April 27 from 8am.

Don’t miss out on this chance to network with businesses from across the Harrogate district. Get your tickets by clicking or tapping here.

Black Sheep Brewery has launched a strategic review to explore funding options to develop the business. One option could be to sell the company.

The Masham based company has appointed Teneo as its financial adviser to support the review.

In a statement it said was  “considering all options, one such option being a merger or an acquisition of the Company, in whole or in part, if such a solution offers the best outcome for shareholders and other stakeholders whilst providing a stable base for the future of the business.”

Black Sheep said it was experiencing good sales volumes of its beers, however there remains a significant constraint on funding due to economic conditions.

It’s time to join the Stray Ferret Business Club. The fourth in our series of networking events, with Banyan Bar & Kitchen, is a breakfast event on April 27 from 8am.

Don’t miss out on this chance to network with businesses from across the Harrogate district. Get your tickets by clicking or tapping here.

Masham-based Black Sheep Brewery has partnered with a baby charity to help support the donation of milk to sick and premature babies.

The brewery is supporting the Human Milk Foundation with a fundraising campaign for the second year running.

The charity provides donor human milk to over 40 NHS hospitals and thousands of families across England and Wales.

Black Sheep will help to raise awareness of the issue by placing a ‘peel and read’ label on its Milk Stout drink in supermarkets, which will direct people to the HMF site with instructions on how to donate.

Charlene Lyons, chief executive of Black Sheep Brewery, said: 

“We’re delighted to once again partner with the incredible people at Human Milk Foundation to launch this fundraising campaign.

“We consider the blood bikers to be real heroes; when they receive the call, they do whatever it takes, day or night, to pick up the donation from the nearest milk bank and quickly but safely transport the milk to the necessary hospital or family in need.”

Natalie Shenker, co-founder and director of the HMF, added: 

“We are delighted to again partner with Black Sheep brewery as we aim to raise further funds to save the lives of sick and premature babies, as well as supporting the ‘blood bikers’ in their incredible efforts.

“The support of Black Sheep has allowed for the expansion of our milk bank operations so we can make safe, screened donor milk available via the blood bikers for hospitals and families across England and Wales.”

Harrogate MP visits local health business

Andrew Jones MP visited a Harrogate business supporting NHS hospitals with patient discharges.

Vivid.Care, which is based at Forest Lane Head, sells rehabilitation and recovery equipment across the UK.

Andrew Jones MP visits Vivid.Care.

The Harrogate and Knaresborough MP visited the firm this past Friday and was shown products which were being given to the NHS.

Tristan Hulbert, managing director of the company, said:

“We wanted to demonstrate just how Vivid.Care products and healthcare solutions help to enable timely patient discharge from hospitals and reduce system costs where possible.” 

Mr Hulbert added:

“We showcased some of our innovative healthcare solutions such as the Raizer lifting chair and our Lento specialist seating range which are being used by healthcare providers across the UK to reduce delays to patient discharge and existing backlogs.”

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A judging panel made up of leaders from top local businesses and organisations have shortlisted finalists for the Stray Ferret Business Awards 2023, sponsored by Prosperis.

It wasn’t a simple task, with more than 100 entries across 10 categories, which highlighted the strength of the local business community.

Our four judges were Marcus Boardall, chief executive of Reed Boardall, Black Sheep Brewery chief executive Charlene Lyons, Cloud Nine founder and chief executive Martin Rae, and James Farrar, chief operating officer of York and North Yorkshire LEP.

The judging panel met at West Park Hotel in Harrogate in the morning and debated well into the afternoon.

On Friday, January 20, the Stray Ferret will announce the shortlist for each of the 10 categories.

From growing businesses to the up-and-coming stars of the future, the categories are designed to allow businesses to showcase their strengths.

The glittering, black tie awards ceremony will take place on Thursday, March 9 at Pavilions of Harrogate. To book your tickets, click or tap here.

More pictures from the judging day:

There were lots of entries for the judges to get through.

Our judges enjoyed debating about each of the entrants.

Marcus Boardall of Reed Boardall and Martin Rae of Cloud Nine.

James Farrar of the York and North Yorkshire LEP and Charlene Lyons of Black Sheep Brewery.

A panel of four leading business people faces a tough task today as judging takes place in the first ever Stray Ferret Business Awards.

More than 100 entries have been submitted across 10 categories, highlighting the strength of the business community in the Harrogate district.

The four judges are Marcus Boardall, CEO of Reed Boardall, Black Sheep Brewery CEO Charlene Lyons, Cloud Nine founder and CEO Martin Rae, and James Farrar, COO of York and North Yorkshire Local Enterprise Partnership (pictured).

They will meet in central Harrogate to spend today going over all the entries, selecting those most deserving of our 10 awards.

From growing businesses to the up-and-coming stars of the future, the categories are designed to allow businesses to showcase their strengths. Each is sponsored by a leading local business, and the headline sponsor for the awards scheme is Prosperis.

The shortlists will be announced this Friday, January 20.

The spectacular awards ceremony takes place on Thursday, March 9 at Pavilions of Harrogate. To book your tickets, click here.

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New appointments boost Harrogate law firm

Managing partner Stephen Hopwood, centre, with, from left, Stuart Farrar, Helen Ramsden, Kate Develly and David Leuchars.

A Harrogate law firm has begun the year with a series of appointments and promotions.

McCormicks Solicitors has added David Leuchars to its corporate and commercial department, assisting its head, James Towler in business law matters.

Stuart Farrar joins the residential conveyancing team, bringing more than 40 years’ experience, while Kate Develly has been offered a training contract in the crime and fraud department.

She joined McCormicks just over a year ago and has recently become accredited to advise clients at the police station. Her former role has been filled by Helen Ramsden, who has been promoted to criminal law executive.

Managing partner Stephen Hopwood said:

“It is always good to welcome new talent to the team and these appointments and promotions will help to bolster some very busy departments.”

The Stray Ferret Business Awards 2023 are for businesses across all sectors in the Harrogate district.

In these final few days before entries close, we are revealing the last of what our judging panel is looking for when it comes to each of the 10 categories.

The final category up is the Best Digital Marketing Campaign Award, which is sponsored by Next Chapter.

Digital is clearly the way forward. This award recognises the work of businesses that have run incredible campaigns on purely digital campaigns.

Companies looking to enter need to provide information on the digital marketing plan, including its aims and objectives. Also provide statistical information on why the campaign was a success.

Does your business deserve to win the Best Digital Marketing Campaign Award at the Stray Ferret Business Awards? Entries close at 12pm on January 16. It’s simple and quick, so enter today!

Click here or the banner below to enter for the Stray Ferret Business Awards, sponsored by Prosperis.

The Stray Ferret Business Awards 2023 are for businesses across all sectors in the Harrogate district.

In this final week before entries close, we are revealing the last of what our judging panel is looking for when it comes to each of the 10 categories.

Next up is the Best Employee Development Award, which is sponsored by Jones Myers, Family Law Solicitors.

This award is designed to highlight businesses that develop their employees, giving them the best start for a new career.

Those looking to enter this award need to give details of the business values and culture that lead to the creation of the training programme and highlight employee successes that came as a result.

Do you know a person that deserves to win the Best Employee Development Award at the Stray Ferret Business Awards? Entries close on January 16. It’s simple and quick, so enter today!

Click here or the banner below to enter for the Stray Ferret Business Awards, sponsored by Prosperis.