Edinburgh businessman Chris Thewlis has become Scotland’s first social enterprise entrepreneur to make a viable exit from a company with his sale of Beer for Good CIC.
The Beer For Good founder has transferred his shares to Swedish businessman Mike Christopherson and his wife Anna.
The couple are well known in the capital’s hospitality industry, already owning six bars in the city including Akva, Boda, Hemma and Joseph Pearce’s.
They will now take on responsibility for the entire Beer For Good portfolio, which includes two pubs – the award-winning Harry’s Bar in the city’s west end and Harry’s Southside, and two cafes – Harry’s Courtyard Café at the Craiglockhart Leisure Centre and Harry’s On The Hill at Drumbrae Leisure Centre.
The couple intend to continue running the operation as a social enterprise.
Since helping set up Beer For Good, Scotland’s first-ever hospitality social enterprise group, three years ago, Mr Thewlis has transformed it into a successful high-impact business.
He has taken the decision to move on so he can focus fully on the rapidly expanding GTS Solutions, the only gold standard social enterprise operating in private security.
Established six years ago by Mr Thewlis, GTS recently announced that its turnover had doubled to £1million in the past 12 months. With growth forecast to hit £5m in the next three years, the CEO needs more time to devote to its expansion.
“It’s been a remarkable journey with Beer For Good in many ways,” said Mr Thewlis, a Yorkshireman who has lived in Scotland since moving from Huddersfield to study at Napier University in 2008.
“It was great fun creating Scotland’s first hospitality social enterprise group. It was a privilege to help the chain grow since its formation three years ago, delivering on our social mission to help improve people’s lives along the way.
“While very rewarding, it was incredibly time-consuming and with GTS Solutions taking up more and more of my time, and more exciting opportunities on the horizon, I felt this was the time to pass it on to someone else.
“Mike is well positioned to take on the pub side and it was a great opportunity to do a good deal as he intends to keep it going as a social enterprise.
“He is very socially-minded so the whole thing fitted in perfectly. I’m sure it will go from strength to strength with him in charge as he continues to deliver sustainable change in the community.”
Mr Thewlis was voted E2E’s Social Impact Entrepreneur of the Year at the company’s recent Edinburgh awards.
A mentor to Big Society Capital and board member of Social Enterprise Scotland, he added: “This deal shows that the CIC model works; that a viable exit from a social enterprise is possible if the proper groundwork is put in.
“The social enterprise sector is thriving in Scotland at the moment and we remain a world leader in the field.
“GTS is a prime example of this and is going very strongly. That’s where I see my future and I’m very excited about what lies ahead.”
Commercial law firm MacRoberts LLP acted for Mr Thewlis in the sale.
- Harry’s aims to support people aged 18-25 requiring assistance through bespoke training in the hospitality industry.
- In last two years Harry’s turnover has increased from £120,000 to £660,000, creating 19 jobs with employees passing more than 130 courses certified by the British Institute of Innkeepers.
- GTS Solutions currently works with 10 local authorities in Scotland.
- GTS Solutions is the security supplier of choice for the University of Glasgow’s regeneration project.
- GTS Solutions operates within the top 14% of social enterprises for turnover within the UK.