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Since it was founded in 2014, Nephin has raised around €6m, of which €2.5m came from BES Management, an investment fund controlled by Davy stockbrokers and accounting firm BDO. Nephin Whiskey’s distillery has yet to distil any whiskey. It is reported to be a year behind schedule after installing its stills, which Covid-19 delayed. As first reported by The Business Post, the founders of Nephin Whiskey have become embroiled in a boardroom dispute. The dispute is between the Davises and fellow co-founder Mark Quick. Quick resigned from his role as a director of Nephin Whiskey, referencing February 3, 2021. Others to resign from director positions include Joe Queenan, the managing director of Foxford Woollen Mills in Mayo. ....
View from the DUrsey Island cable car. Photo: Pól Ó Conghaile It s not what you d expect to find at the tip of the Beara Peninsula - a cable car to Dursey Island. The tide is too strong at Dursey Sound for boats, hence the unusual method of getting across. The journey takes about 10 minutes, and once you set foot on the island, just enjoy the walks and views. Although people do live on Dursey, there are no hotels or B&Bs to stay overnight (there aren t any shops or restaurants either, so make sure to bring food) - YG While you re at it: Also on Beara, visit Garnish Island for its Italian Gardens. Boats are available from Glengarriff. ....
It looks like James Doherty, a co-founder and managing director of Sliabh Liag Distillers, may have his hands full over the next few months. Last week, the whiskey entrepreneur shipped his fourth container of spirits across the North Atlantic Ocean, only a short distance away from his Co Donegal distillery, to the high-value US market. Doherty didn’t expect the order to come so soon, having budgeted for it to come in June. The order was welcome, but it’s going to bring about a small, though welcome, challenge. “It’s come really early,” he said. “They’ve actually already ordered another for mid-April. ....
Letter from investment fund BES Management outlines its ‘concerns in respect of several matters’ relating to Nephin 31st January, 2021 Paul and Jude Davis, co-founders of Nephin Whiskey, at their cooperage in Kilbeggan in Co Westmeath Picture: Barry Cronin Nephin Whiskey company is facing a nearly €1.8 million funding shortfall that could threaten the future of the business, according to a warning letter from one of its main financial backers. The letter, which has been seen by the Business Post, came from BES Management, an investment fund controlled by Davy stockbrokers and BDO, and outlines its “concerns in respect of several matters” relating to Nephin. ....