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Loan Delivers 16% IRR for Growthdeck Investors

by Growthdeck Team

1 August 2023

News food and beverages  

We are pleased to announce that a £285k loan has recently been repaid to our investors by Blackfish Brands Limited (trading as Soho Street Cocktails).

The company sells a range of premium pre-mixed cocktails in 1.5 litre pouches, which enable bars and restaurants to reduce service time, improve serve consistency and make industry leading margins, whilst also allowing cocktail fans to easily enjoy bar-quality drinks at home.

Over the 15-month period, the secured loan has delivered a strong return on investment, with an IRR of just over 16%.

The loan enabled the company to establish its reputation for high-quality ready-to-drink (RTD) cocktails, complete a successful trial production of its Espresso and Pornstar Martinis in 200ml single-serve cans, recruit an additional sales manager and order stock to meet product demand.

CEO Paul Scarratt co-founded the business after 27 years in the drinks industry, which included time in senior executive roles at two of the UK’s most successful drinks distributors, Matthew Clark and Bibendum Wine.

In addition to securing a nationwide agreement with Ask Italian this year, which has seen the cocktails rolled out across all the chain’s UK sites, Paul and the team have also achieved great success in their most recent awards competition.

Their premium range won six gold, six silver and four bronze medals at the World Premix Awards 2023 across categories covering taste and design, adding to their growing collection of accolades.

Prior to that, in late 2022, the team entered their whole collection in The Spirits Business Pre-Mixed & Ready-to-Drink Masters. Every flavour received a medal at this respected international competition, with the Pornstar Martini and Pina Colada both winning gold and the Cosmopolitan, Espresso Martini and Strawberry Daiquiri all winning silver.

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