Gin and Honey producer, British Honey (LON:BHC), have said a quick pivot into the production of hand sanitiser has helped offset a drop in demand for their core products.
British Honey produce a range of honey, jams and spirits utilising British ingredients and have harnessed their capacity to produce hand sanitiser to help the fight against coronavirus.
The company said sales from hand sanitiser have exceeded £500,000 which more than offset a reduction in sales elsewhere in the business.
In a COVID-19 update released on Tuesday the company said the recent IPO meant they had a strong balance sheet and that they had been able to keep supply disruption to a minimum.
British Honey listed on the Aquis Exchange, formerly known as the NEX Exchange, in 2019.
Michael Williams, CEO of British Honey, commented:
“Very early on during the Covid-19 outbreak we identified a clear opportunity for the Company to move into the production of alcohol-based sanitisers, to meet exceptional demand and supply shortages, given the basic ingredient is the same as for our infused spirit brands. I’m delighted to report that sales of these products have been exceptional. BHC obtaining BS EN 1500 certification for “Drip+Drop” products is another milestone in its development.
“Whilst there is no doubt that, across the industry, problems in the alcohol supply chain are starting to emerge, I am pleased to confirm that we as a company have sufficient alcohol for our own spirits business plans through to the end of 2020. List Distillery are also continuing to supply rum and bourbon from their distillery in Florida.
“The health, safety, and welfare of our employees remain our first priority. Our production and support operations are fully committed to meeting our customers’ needs with all staff continuing to work normal hours, albeit with various measures taken to enable required social distancing and adherence to government guidelines.
“Furthermore, we continue to support key front-line workers, local care homes and other charitable institutions with complimentary products”.