Time Finance Brews Nationwide Expansion for Seven Bro7hers Brewery

Independent SME lender,Time Finance, has enabled growth plans for Salford-born Seven Bro7hers Brewing Co, with a finance facility to help double craft ale production and fulfil a new nationwide pub chain contract.

The funding is structured as a £250k Invoice Finance facility, which will help the family-run brewery business scale up production following a new deal to supply J D Wetherspoons venues.

Designed to unlock cash tied up in unpaid invoices, the flexible funding solution from Time Finance will grow in-line with sales, enabling Seven Bro7hers to confidently invest in brewing runs, raw materials and operational resources without impacting day-to-day cashflow.

Seven Bro7hers has said it is now well positioned to meet growing demand for its unique craft ales, giving the business a springboard to branch out to venues and UK supermarkets, fulfilling its ambition to be a top five craft brewer in the UK.

Founded by seven brothers in 2014, the leading brewery has built a strong reputation for innovative, high quality craft beers inspired by traditional brewing methods and modern flavour trends.

Rob Walters, Business Development Manager at Time Finance, commented: "Seven Bro7hers is a perfect example of a thriving and healthy regional business able to sit in the driving seat of their growth plans and take advantage of new opportunities, with an invoice finance facility that allows them immediate access to their own capital.

"When Keith, one of its founders, came to us with this new business contract, he had a short window of just a few months to enable the exciting growth plans, so we needed to move quickly. We were able to set up a disclosed invoice finance facility in a short timeframe to give the business the quick access to the cash it needed to service this incredible pub group contract."

Keith McAvoy, Founder and CEO of Seven Bro7hers, added: "For a family-run brewery like ours, securing a national listing of this scale is genuinely game-changing, particularly after a challenging year for the industry. It allows us to put Seven Bro7hers beers in front of drinkers right across the UK, while staying true to who we are and where we're from.

"As with any growing business, managing unpaid invoices can be a headache and a hit to your cashflow, and with this facility from Time Finance we've been able to double our production, and cover the upfront costs associated with this major new listing - from the cost of pump instillation, glassware, brewing, barrels and storage.

"We currently have a range of 10 different ales and we also have the capacity to create up to 30 individual ales. We've operated brewpubs and bars across the North West for a decade now, while also supplying nearly all the major supermarkets in the UK, and our expansion to stock this UK pub group is a huge moment for our business - and for all seven brothers."

Time Finance provides flexible funding solutions for SMEs across the UK, its specialist solutions include: Multi-Product Solutions, Invoice Finance and Asset Finance.