BrewDog founders awarded MBEs
Watt, Dickie named in Queen's Birthday Honours list
The self-styled outsiders of the British craft brewing industry, BrewDog founders James Watt and Martin Dickie, have received the ultimate establishment accolade. The duo has been awarded MBEs in the Queen’s Birthday Honours list.
Watt and Dickie, who founded BrewDog less than a decade ago and have since transformed their start-up into a brewer and city centre pub group with multinational reach and global recognition, were cited for their services to the brewing industry.
The honour has resulted in an uncharacteristically muted response from BrewDog, with no mention of it as yet on BrewDog’s website or on their Twitter account.
Watt, in a statement, looked to share the honour with the craft beer industry as a whole.
He said, “It’s amazing to have been awarded something so prestigious; it’s incredible to have the craft beer industry recognised at this level. It shows just how far we have come in our nine short years.”
BrewDog’s most recent full-year accounts, to the end of December 2014, reported a 64% increase in turnover to £29.6 million and pre-tax profits of £3.6 million. It shipped 89,000 hectolitres during the year.
Watt and Dickie continue to transform the craft beer business model through its Equity for Punks shareholder offers. BrewDog now numbers more than 42,000 shareholders.
The fourth and latest round closed in April, having raised £19 million for further expansion of its pub business, a new brewery in Ellon, Aberdeenshire and a brewery in the United States, situated in Columbus, Ohio.