Kent’s Chapel Down Group Plc posts revenue of £16m in 2022

Published by

Tom Kilkelly

Kent-based English sparkling wine maker Chapel Down has posted reports of encouraging growth and strong financial performance in 2022

The company’s revenue grew 10 per cent, from £14.3million in 2021 to £15.6 million, and Adjusted EBITDA was up 30 per cent, from £2.1 million to £2.8 million.

This growth has been largely attributed to an excellent harvest. The company reported that the 2,050 tonnes of harvested grapes was a 45 per cent increase on the year before (1,450 tonnes in 2021). Chapel Down also planted an additional 38 acres of additional vines at their Boarley Farm site with plans to increase this to 156 acres by the end of Spring 2023.

Chief Executive Officer of Chapel Down Group Plc Andrew Carter said: ‘’2022 has been a record year for Chapel Down with exceptional profitable growth delivered driven by the stellar performance of our traditional method sparkling wines.

‘’We will have 750 acres fully productive for the 2023 harvest, we are completing the planting of a further 156 acres in spring 2023. The investment made in 2022 to expand our Tenterden winery means we have the capacity to convert 2022's bumper harvest into over 2 million bottles of wine.

‘’As our capacity grows, so does consumer awareness and demand for our brand. Our brand has the broadest distribution footprint across the UK off-trade and on-trade, we have a strong direct to consumer E-commerce business and a buoyant hospitality & tours business with over 65,000 consumers visiting Chapel Down in 2022.’’

Tom Kilkelly

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022. During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan). His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.