Howard Smith and Rick Harrison from Interpath Advisory have been appointed joint administrators to York Gin Company Limited.
Founded in 2016 in the city of York, the company is an independent craft distiller of ultra-premium gin. It retails its products via an online shop, as well as two stores which are operated by a sister company, York Gin Company (Pavement) Limited. This company has not entered administration and continues to trade.
Following the appointment of the administrators, the company ceased to trade, with its ten employees transferring to York Gin Company (Pavement) Limited.
Howard Smith, Managing Director at Interpath Advisory and joint administrator, said: “While the popularity of gin had surged in recent years, many craft gin distilleries are now having to grapple with soaring input costs, and fragile customer demand in the wake of today’s cost-of-living crisis.
“For York Gin, these issues were compounded by the impact of recent rail strikes on footfall at its store in York Train Station, as well as a break-in in 2022 which saw its entire stock stolen.”