Your Investment Options
Thank you for your interest in investing in the Cotswolds Distillery. To learn more about the available investment opportunities, please review our Investment Memorandum using the button below.
Further details on the two investment options are also provided below for your consideration:
1. Equity Investment
2. Founder's Circle III
We have also included an FAQ section at the bottom of the page to address some of the most common questions. If you need any further information, please email investment@cotswoldsdistillery.com.
1. Equity Investment Round – Executive Summary
Cotswold Distilling Company Ltd is pleased to offer existing and qualified new investors the opportunity to participate in its 2026 Equity Investment Round. This round comprises up to 90,000 Ordinary Shares priced at £12.50 per share, representing an attractive entry point compared with the previous 2023 round at £15.38. Proceeds will support brand investment, international expansion, working capital for whisky maturation, and the continued strengthening of the Company’s asset base. Investors in this round benefit from direct equity ownership in one of the UK’s leading premium spirits producers, the maker of the best-selling English Single Malt Whisky and award-winning Cotswolds Dry Gin. We also believe that, given recent changes to EIS rules in the new UK Budget, this offering may be eligible for EIS relief, although we cannot yet be certain and investors should not rely on EIS treatment until this is formally confirmed.
For full information, download the Investment Memorandum and Subscription Form by clicking on the links below.
DOWNLOAD SUBSCRIPTION FORM
If you wish to invest, please complete the relevant Subscription Form (Equity Round and/or Founders Circle III) and return it by email to investment@cotswoldsdistillery.com. As in previous rounds, we will issue share certificates for all direct investments in excess of £10,000, while all investments below that amount will be processed by our registrar, City Partnership Ltd, acting as nominee.
If you would like any further information on either of the two offerings, or on the Company’s activities more generally, please email us at investment@cotswoldsdistillery.com.
2. Founders Circle III – Executive Summary
Founders Circle III is the latest chapter in Cotswold Distilling Company Ltd’s successful long-term investment programme, following the fully subscribed Founders Circle I and II raises, which together secured nearly £5 million. This £4 million round offers investors a diversified, long-term structure through £30,000 Units, each comprising: £10,000 in A Ordinary Shares at a 20% discounted price of £10 per share, £10,000 in 10-Year Preference Shares with a 6% rolled annual dividend, and £10,000 in 10-Year Unsecured Loan Notes yielding a 6% coupon (3% semi-annual, 3% rolled to maturity). This blend of equity and fixed-income exposure provides both income potential and long-term capital appreciation, aligned with the Company’s strategy to scale internationally and strengthen profitability over the next decade.
For full information, download the Investment Memorandum and Subscription Form by clicking on the link below.
If you wish to invest, please complete the relevant Subscription Form (Equity Round and/or Founders Circle III) and return it by email to investment@cotswoldsdistillery.com. As in previous rounds, we will issue share certificates for all direct investments in excess of £10,000, while all investments below that amount will be processed by our registrar, City Partnership Ltd, acting as nominee.
If you would like any further information on either of the two offerings, or on the Company’s activities more generally, please email us at investment@cotswoldsdistillery.com.
Investor FAQ – Leadership Update & Funding Round
1. Why is the company making a leadership change now?
The Board believes this is the right moment for founder-led execution as the business enters its next phase. The spirits sector is experiencing a challenging cyclical environment, and the Board concluded that the combination of renewed founder leadership, strengthened governance and an experienced senior team positions the business best to navigate this period and build long-term value. We believe this new structure makes us more agile in our ability to exploit market opportunities.
Jeremy Parsons’ departure at the end of January is amicable and reflects both the current market context and the natural evolution of the company.
2. What changes operationally with Daniel Szor returning as Founder & CEO?
Daniel resumes executive responsibility for strategy, culture, capital allocation and long-term brand stewardship. Day-to-day operations continue to be led by a strengthened senior management team with clear accountability across commercial, finance and production.
This is not a reset of the business, but a sharpening of focus and pace.
3. Has governance been weakened by the CEO change?
No. Governance has been materially strengthened over the past year. The Board is chaired by Maurice Doyle, who brings over 30 years’ senior leadership experience from William Grant, Bacardi and Compass Box Whisky.
Financial discipline, reporting and controls are robust, and the Board remains actively engaged in strategy, capital allocation and risk oversight.
4. How stable is the senior management team?
The senior team is stronger than at any point in the company’s history. Key functions are led by executives with deep category experience, including senior backgrounds at Moët Hennessy and Compass Box.
The leadership transition does not affect continuity across commercial, finance or production teams.
5. How exposed is Cotswolds Distillery to the wider challenges facing the spirits industry?
The Board believes Cotswolds Distillery is structurally different from the large multinational producers currently under pressure.
- The business operates at a much smaller, more nimble scale
- It is founder-led and brand-driven
- It does not carry “lakes” of ageing inventory built up over decades
- It operates within the growing “world whisky” category rather than mature legacy segments
While no spirits business is immune to macroeconomic pressures, Cotswolds does not face the same structural constraints driving margin-destructive behaviour elsewhere in the industry.
6. Why does the Board describe Cotswolds as an “alpha” opportunity?
In simple terms, the Board believes Cotswolds offers the potential to outperform the broader sector rather than merely track it.
Its scale, brand authenticity, award-winning liquids and strategic relevance to future premium spirits portfolios mean that even modest absolute growth can create disproportionate strategic and valuation impact.
In a tougher market, the bar for differentiation for disruptive firms with a clear brand essence and strong authenticity credentials is lower, not higher.
7. Has the company’s long-term strategy changed?
No. The core strategy remains unchanged:
- Build a world-class English whisky and spirits brand
- Focus on quality, authenticity and premium positioning
- Grow distribution selectively and sustainably
- Build long-term strategic value rather than short-term volume
What has changed is the level of focus, governance and execution capability supporting that strategy.
8. Why is the company raising capital now?
The funding round is designed to support the next phase of disciplined growth, strengthen the balance sheet and ensure the business can continue to invest selectively through the cycle.
The Board believes that well-capitalised, premium brands with strong leadership are best placed to create value during periods of market dislocation.
9. What gives the Board confidence looking forward?
The Board’s confidence is grounded in fundamentals, not optimism:
- Strong brand equity and global recognition
- Award-winning liquids across whisky and gin
- A highly engaged and experienced leadership team
- Renewed founder leadership
- Clear strategic relevance in a changing industry landscape
Taken together, the Board believes Cotswolds Distillery is well positioned to create long-term value despite near-term industry headwinds.
10. Who should investors speak to with further questions?
Investors are encouraged to speak directly with Daniel Szor or, where appropriate, with the Chairman. Open and direct dialogue with shareholders remains a priority for the Board.