Further growth for English sparkling wine producer

Kent and West Sussex wine estate Gusbourne has announced further expansion plans on the back of strong financial results.

Image: Amanda Slater
Image: Amanda Slater

Its sales for the year to the end of December were up by 35% to £640,000, while gross profit was up by 47% to £217,000.

On Tuesday (6 June), Gusbourne announced an open offer, underwritten by owner the Conservative peer Lord Ashcroft, to raise up to £4.2m, "providing further capital for growth". Ashcroft put £7m of his own money into the estate last July.

Gusbourne chairman Andrew Weeber said: "2016 has been another successful year of growth and development for the company as we work towards our long-term goals. We remain dedicated to the production and sale of premium sparkling wines from grapes grown in our own vineyards."

The estate began exporting to the USA in July last year, where it has already won several industry awards.

It described the 2016 harvest, which  included the first fruit from vines planted in 2014, as "successful in terms of both yield and quality". Gusbourne now has a total of 95 hectares of vineyards, planted between 2004 and 2015.

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