Time Finance backs brewery expansion with £250k facility

Time Finance has provided a £250,000 invoice finance facility to Seven Bro7hers Brewing Co to support the Salford-based brewery’s expansion and help fulfil a new nationwide pub chain contract.

The funding will enable the family-run craft brewer to scale up production following a deal to supply pubs operated by JD Wetherspoon. The facility is designed to unlock cash tied up in unpaid invoices, providing working capital that grows in line with sales.

Seven Bro7hers said the funding will help double its craft ale production and support the operational costs associated with the new supply agreement, including brewing runs, raw materials and distribution.

Founded by seven brothers in 2014, the brewery has built a reputation for producing craft beers inspired by traditional brewing methods alongside modern flavour trends. The business now supplies major UK supermarkets and operates several brewpubs and bars across the North West.

Rob Walters, business development manager at Time Finance, said the facility had been arranged quickly to help the company capitalise on the new opportunity.

“Seven Bro7hers is a perfect example of a thriving regional business able to take advantage of new opportunities with an invoice finance facility that allows them immediate access to their own capital,” he said.

“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 growth plans, so we needed to move quickly.”

Keith McAvoy, founder and chief executive of Seven Bro7hers, said the contract represented a major milestone for the brewery.

“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,” he said.

“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.”

The brewery currently produces a range of 10 ales and has the capacity to create up to 30 different brews as it continues to expand its presence across UK pubs and retail outlets.