London-based cask whisky investment specialist, Cask Whisky, is celebrating its two-year milestone with a significant increase in sales and a brand-new state of the art office in Aldgate, London to accommodate its expanding team and cement itself as one of the UK’s leading whisky investment companies.
The investment in office space and new hires comes as Cask Whisky reports a multi-million-pound turnover in the first year of trading, which it has already surpassed in the first six months of trading this financial year.
The company has invested significantly in its team within the last 12 months, hiring six office-based employees and bringing the team number to 13. The brand-new headquarters in Aldgate will provide the perfect space to host whisky shows and seminars for clients and industry professionals. In addition, Cask Whisky has signed a contact with luxury members’ club, Eight Club, which will be one of its listed trading addresses, to host monthly whisky tastings and client meetings.
CEO, Craig Arch, founded the business in 2021, beginning his career as a certified mortgage adviser before moving into commodities trading, when he became self-employed and chose to set up Cask Whisky Ltd.
Fast forward to the present, Cask Whisky has recently launched operations in Hong Kong with one permanent portfolio manager operating in the city. The expansion is strategic, as the Scotch Whisky Association recently noted the double-digit growth in Taiwan, Singapore, India and China helped the Asia-Pacific region overtake the EU as the industry’s largest regional market. According to data, the Asia-Pacific region accounted for 29% of global exports by value. At a total of £1.8 billion, the value in the region rose 50% over the 2021 period.
With this, the Company has partnered with several family offices and is extending its reach to South Korea, Malaysia, Singapore, and Taiwan to develop relationships overseas, in sync with the UK joining the Transpacific Partnership for trade earlier this year, coupled with the UK-India Free trade agreement in negotiations, both which will benefit the international trade of whisky and the international demand for Scotch whisky specifically.
Craig commented: “I’m extremely proud of how far the company has come in the last couple years since our inception in 2021. It’s a testament to the team that we’ve been able to grow this rapidly, without compromising on our core values of quality and unrivalled customer service.
“By focusing on uncompromising quality and rare whiskies, sharing our expertise on the whisky and investment market; and expanding our offering and business portfolio, we’ve been able to expand quickly, and we’re excited for what the next few years will bring.”
Speaking about the vision and next steps for the business, Craig said: “Our aim for 2024 is to develop and launch our independent whisky label, while expanding our network of private trade partners around the world.
“I also hope to expand operations into new markets and acquire an office in Europe and the US and Canada. The whisky market is forecast to continue to grow at a compound annual growth rate of 4% between now and 2027, so it would be a very lucrative move.”