Scottish spirits producer Eden Mill Distillery has been acquired by a non-public fairness agency after getting into administration this week, saving all 42 jobs.
Kenny Craig and Kevin Mapstone of Begbies Traynor had been appointed joint directors of St Andrews Brewers on 18 November 2025, after a plan to restructure the enterprise because of “important debt ensuing from the challenges of the worldwide whisky sector”.
Begbies Traynor has now confirmed that Ruby Capital has acquired the enterprise and belongings of Eden Mill for an undisclosed sum. Eden Mill produces a spread of Scottish gin and whisky.
Final month, Eden Mill opened its new multi-million-pound distillery and customer centre on the banks of the Eden Estuary. The undertaking, which included a cocktail bar and retail area, created 18 jobs.
Nonetheless, the opening was delayed by 12 months, inflicting “cashflow difficulties”.
Thomas McKay, managing accomplice of Begbies Traynor in Scotland, stated: “The whisky sector as a complete continues to have quite a lot of challenges at the moment, largely because of the continued recession within the world whisky market.
“Eden Mill skilled a drop in gross sales and delays within the opening of its flagship customer centre in St Andrews, which took round 12 months longer than anticipated to open its doorways, creating cashflow difficulties for the enterprise.
“With 42 jobs in danger, an accelerated sale came about to protect worth within the enterprise and belongings and to restructure the core enterprise.”
McKay additionally thanked St Andrews College, the place the brand new distillery is situated, for his or her “help and help” through the restructure.
Ruby Capital founder Tony Banks commented: “I’m delighted that Eden Mill will proceed to thrive as a world-class vacation spot for guests and a proud ambassador of Scottish craftsmanship.
“We consider strongly {that a} model as iconic as Eden Mill shouldn’t be allowed to fail. It’s well-loved, high-profile, and we’re able to develop it even additional. This funding marks the start of an thrilling new chapter.”
Ian McDougall, interim chief govt of Eden Mill, added: “We stay dedicated to celebrating St Andrews’ proud distilling custom and delivering distinctive gin, whisky, and customer experiences.
“We’re delighted Ruby Capital has stepped in to safe our future, and there will probably be no quick adjustments for workers, clients, or suppliers.”
Begbies Traynor famous that the downturn within the whisky sector is the results of “altering client behaviours, rising working prices and overheads, falling export gross sales and lowered client demand for alcohol normally”.
The agency has helped quite a lot of Scottish distilleries and spirits manufacturers restructure this yr, together with Ardent Spirits.
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