Lack of equity at Brewdog?


What exactly are these things?

” Equity For Punks : Whether they are punks or not, this certainly isn’t equity.”

Beer Insider has previously raised concerns about crowd-funding and the activities of Brewdog. In particular, it related to some of the brewers’ actions that could potentially reduce the value of the equity (shares) held by thousands of small shareholders who took part in its various fund-raisings.

However, after yesterday’s press release (, we can categorically say that those who participated in the Equity for Punks (EfP) scheme did not receive proper equity.

Brewdog announced that they are looking for a new, outside investor, but crucially they are not allowing the original EfP to participate at the same terms. This means that they do not have full pre-emption rights, which would be illegal if EfP was genuinely equity. This not unusual practice in the crowd-funding industry for B-class shares, but they are therefore not equity and should be named accordingly.

There is still room for such arrangements where loyal consumers contribute funds, in advance, for a souped-up membership scheme with generous benefits and discounts.  However, it should be named accordingly. Section 561 (1) of the 2006 Companies Act, on existing shareholders’ right of pre-emption, ( is very clear:

It states: “A company must not allot equity securities to a person on any terms unless—(a) it has made an offer to each person who holds ordinary shares in the company to allot to him on the same or more favourable terms a proportion of those securities that is as nearly as practicable equal to the proportion in nominal value held by him of the ordinary share capital of the company, and (b) the period during which any such offer may be accepted has expired or the company has received notice of the acceptance or refusal of every offer so made.”

This means that if you think the Board is issuing new shares too cheaply, and, consequently, undervaluing your present investment, then you have the right to also buy at that price, thereby ensuring that the value of your investment is not reduced.

Even in a perfectly honest world, this process is important as we all have different opinions of the value of a stock that is not actively traded. It is absolutely and fundamentally vital in the real world, as it is a crucial guard against malpractice.

Without it, there is nothing to stop a Board massively undervaluing a company when selling to a new investor, who then gets it too cheap at the expense of the original providers of equity. This illegal profit can then be split with the Board, cheating the first round of equity investors.

Let me be crystal clear – I am not suggesting that Brewdog’s issuance is in any way fraudulent. However, it is basic text-book corporate finance that this structure could, in the future, be exploited fraudulently by a different issuer.

Others have commentated that the new terms look very generous. Indeed, I agree, that by giving the new investor a preferred return preference of 18% per annum, they essentially get the rights of debt to be paid first, whilst befitting from the equity value of any outperformance. However, we don’t know the price they are paying. Crucially, it only becomes a real issue as the present investors don’t get the opportunity to participate in the same deal.

To summarise, I do not know the terms of this deal. Indeed it is possible that the investor is paying too much, which actually creates value for the existing investors. However, they do not know the price and without pre-emption rights there is no way of them acting.

Pre-emption rights are a crucial safeguard against an original equity investor being defrauded. In corporate finance terms, they are a necessary, legal condition for the definition of equity.

Crowd-funding is being marketed to very small investors who probably do not have much finance experience. They think they are buying ‘shares’ but if their pre-emption rights are being widely removed as an original condition, then they are not getting what any reasonable person would view as equity.

Many of these crowdfunding ventures are a potentially mutually beneficial customer loyalty schemes. On that basis they must not be marketed as equity and I strongly suspect that the FCA (Financial Conduct Authority) will be along shortly to inform BrewDog, CrowdCube et al of this very fact.

Amateur drinker, serious investor


Around Town with Amateur Drinker


I have always agreed with Hunter S Thompson, that, due to the NFL season, February is the most gloomy and depressing month: In January, we get the excitement of the playoffs, but, after the climax of the Super Bowl, you then face an agonising 7 month wait for the action to start again. Fortunately, in 2017 the beer events have flowed thick and fast, providing a measure of compensation.

“5 go to Beavertown” saw them celebrate their birthday with 5 other brewers, each of whom brought their own stock, and, a collaboration they had brewed with the hosts. Those beers followed the Enid Blyton theme: The best were Anne (Lost and Grounded, a Lemon Ice Bun Belgian Ale), Julian (Basqueland, a Patxineta Brown Ale with almond lemon zest, vanilla and cinnamon) and Dick, (40ft, a barrel-aged Lichtenhainer, which was tart and subtly smoked. They also re-brewed Double Chin, the excellent doubled Neck Oil.

Unfortunately, we were given Craft Master glasses which have no stem, so that your body-heat warms the drink as you hold it. Even worse, these were the mini-version so you could not fully get the aroma of the beer.

The logistics were not disastrous, but noticeably poorer than at the, admittedly perfect, Rainbow Project and queues did start appearing, whilst a few beers seemed to ran out relatively early. Possibly they were also a little self-indulgent: I fail to see why there were board games on the tables, let alone a fully-functioning Subbuteo pitch. People attend for the beer!

Given this, there was some stunning news for their Extravaganza, which incidentally Hunter S Thompson would be pleased to know starts the day after the NFL season kicks off, as the Saturday session sold out 6 months in advance! This is astounding, but given that 400 tickets remained the day before, the total is potentially frightening: Caps & Taps tweeted that 4000 tickets were originally available- I don’t know whether this is in total, or per day, or, indeed, the accuracy of the number.

Firstly, this represents staggering growth given that 18 months ago, Rainbow Project was turn up on the door. Secondly, I am very apprehensive about how they manage that many people: Even if there are 50 different brewers, each with their own separate pouring station, that still means that if 4000 tickets were sold, there is an average of 80 people per station. As some stands will clearly be more interesting on the day, it is very hard not to fear significant queues.

The beer is undoubtedly going to be sensational so I hope I am overly pessimistic. Wild Beer held a roadshow at The Three Johns, N1 to promote their crowd-funding offer, for which they specially brewed Cloudy Crowd, a New England IPA (NEIPA?) and Spicy Crowd, a Thai-spiced pale ale.

Unfiltered keg Pride at CBR

Craft beer in the UK is reminiscent of the internet in the 90’s in that alongside spectacular growth (see Beavertown tickets above) there will likely be many individual failures alongside some spectacular successes. In that case, what really matters is the specific talent and whether we are 1995 or 1999 in the analogy.

Full disclosure in that I am extremely likely to relinquish my amateur status and invest as I think we’re closer to 1995 and I like the products and people. A problem for craft beer financing is that heart (to help an industry they love) and head (return) investors have diametrically opposed views on a buyout from ‘big beer’ (see Camden).

I hate the phrase, but an interesting ‘3rd way’ was taken by Hawkshead this month, who sold a majority stake to Halewood, a drink conglomerate that is still basically independent, allowing “significant investment without being absorbed into ‘big beer.”

CBR is now a strange curate’s egg of an event. It is more of a trade show for the brewers to advertise their names, rather than a consumer-focused beer festival. Therefore, most of the Premier League (for instance Cloudwater, Beavertown, Kernel and Magic Rock) don’t need to attend. This leaves a lot of new, tiny brewers alongside some ‘faux-craft’, and trade stands, such as Powderkeg. (As well as Craft Master glasses again!)

However, if you know where to look there was still some great beer available (Indeed not even just know where to look- no one would dispute that Moor are part of the elite):

The Brewers’ Association offered rare American bottles and cans (Saugatuck blueberry maple stout, like American style pancakes, Jolly pumpkin No Ka Oi, a wild ale with a hint of lime and berries and Epic Tart n’Juicy a sour/IPA).

Christine and John Cryne (left) on the BA stand

Firestone Walker brought the outstanding Walker Union Jack IPA whilst Ska had Modus Mandarina, an orange IPA which I’d loved in a can and, given that, was slightly disappointed with on keg. Three excellent, but punchy, beers: Brew By Numbers 14/04 Tripel and 55/04, their latest DIPA, an Edge Triple IPA, excellent but 12% is maybe too strong for a festival?

Finally, it was good to see John Keeling, correctly honoured on the front-cover of the festival magazine for is Frankie Knuckles role as the Godfather of UK craft

John Keeling, the Godfather

The Bottle Shop had a Scandinavian theme this month for their TTO’s. Firstly Mikkeller (favourite was the Nelson Sauvignon Belgian Ale) and War Pigs, although here most action came from a surprise guest appearance from Cloudwater with V12 and a special 2nd birthday beer which, rather superfluously, was yet another DIPA.

Neither were as good as the V11. Secondly To Ol with their famous Sur Citra wild ale, and, also the fruity Mr Blue and Mr Pink. Finally, Omnipollo (Mazarin APA, Nebuchadnezzar DIPA, Selassie, an Ethiopian coffee imperial stout) with Dugges (mainly fruity beers, which my partner loves them but I find a bit sweet, with the show-stopper Mango Mango Mango, a Stillwater wild ale collab that does exactly what it says on the tin).

Siren launched their new DIPA, Hop Candy, at selected bars, including the Old Fountain.  It felt boozier than the indicated ABV – I’ve often wondered how scientifically accurate these are in the craft beer world: Smaller brewers making lots more variety is fantastic but might decrease the accuracy of measurement compared to big beer with more expensive measurement devices and homogenous output?

The King’s Arms hosted Brouwerji Kees and their amiable founder Kess Bubbermann. The standout brews were Anniversary 2, a Quadrupel brewed with walnuts, Lvstro, a smoked imperial coffee porter, and the caramel fudge imperial stout.

Finally, as I started with a sporting theme, I’d note that on Saturday the vagaries of the FA Cup draw have created the London Brewery Bowl as N17 entertain SE16.

Reporting from the front-line – Amateur Drinker manages to get along to all the beer things you’d like to but couldn’t.


Around Town with Amateur Drinker


Rye on the Prize x 2

January has been a month of intrigue. There was Sky Sports’ reporter Jim White with ‘Arry Redknapp winding down the window of his 4×4 to lie about players he will, or won’t be signing. This year the beer world caught up: Gregg Irwin left Weird Beard, despite being a co-founder, Georgina Young took over as Head Brewer at Fuller’s (a surname that would doubtless have briefly interested the Competition Authorities) and Jen Merrick left Beavertown. 24-hour Sky Booze News cannot be far off…

On the drinking front, Left Hand brought the first keg of Rye on the Prize, an imperial red rye ale, to the UK and poured it at the Prince in N22. Generously we all got a free half, but it was excellent and I gladly carried on paying for it! Being the sister-pub to The Duke’s Head in Highgate, The Prince has an excellent pedigree, and, unsurprisingly, had the same unpretentious mixture of locals and great beer.

They have a permanent tap dedicated to the nearby Bohem Brewery, and Sparta, their dark Czech lager was superb. The pub intends to brew on-site, which will be challenging: The Earl of Essex had to stop, as there wasn’t enough full-time work for an ambitious brewer.

Ratebeer is a useful tool, for instance, if I do not recognise a new beer. However, other than to mock (Craft Beer Co, N1 isn’t even the best place for beer in Islington, let alone amongst the best in the country), I don’t know any actual drinker, as opposed to a brewery social media manager, who pays any attention to their annual awards, which came out this month.

Last year I bought 2014 Old Chimneys Good King Henry Special Reserve imperial stout, commonly known as the highest rated UK beer on Ratebeer (a fascinating insight into beer-rating, brilliantly told by the always excellent Boak and Bailey (Click here) which I finally cracked open: There is no hoax and the beer is lovely, but it’s not the best beer in Britain.

Caps and Taps, hosted a “Hunt the Pliny” night, a blind tasting of three IPA and three DIPA, one of which was the treasure. This was a brilliant, intimate event hosted by the extremely friendly owners in which unsurprisingly I recognized most of the guests! It was fairly easy to distinguish between the styles and fortunately (statisticians would point out it was then only a 1 in 3 wager) I could identify the Pliny, a historic beer.

Even better, it is now not on a perch of its own, and there are many other magnificent DIPA’s available. Overall this was wonderfully organized: a fantastic evening amongst like-minded people.

BottleShop had three great events:  Juice Night was a celebration of hazy East Coast style IPA’s: It was incredibly impressive how different each of the four Stigbergets were, even though were the same style and strength. The Cloudwater v11 was sensational: they have tweaked v10, and the result was their best so far.

Secondly, AmeriCAN, a dreadful pun, but a brilliant night, in which they showcased their new cold-chain import process for cans from the States (geddit?). The usual favourites from Mike Hess, Modern Times, Ironfire, Green Flash and others were available at steep discount to takeaway on the night, which necessitated the biggest suitcase I could find (Seriously, it was big – Ed).

Thirdly, Brewski, from Helsingborg in Sweden visited. I enjoyed the Passionfeber IPA, but the standout beer was the outstanding Mangofeber DIPA, which I had previously raved about from the American Bottle Bar at GBBF (Click here). It is however incredibly deceptive at 8%!

The same evening Brewdog, Camden hosted WarPigs, but fortunately the beers were still available the following afternoon: Lil’ Drunk Baby, session IPA, California Steamin’, a California Common lager, Lazurite IPA, Big Drunk Baby DIPA, all truly whetted my appetite for Copenhagen in May!)

Jolly Pumpkin’s beers were showcased at various BrewDog venues, including Clerkenwell. Unfortunately, head-office decided to politicise the event, as it occurred on Inauguration day. I do not wish to hear the un-nuanced political propaganda of a bar-chain (especially when they demand every venue expresses the same opinion) whether it be on this issue, or from the opposite spectrum, Wetherspoon’s views on Brexit.

Moreover, I have no doubt that, just as the latter harvests all the advantages of the Single Market whilst blathering on about the evils of the EU, Brewdog’s US operations will happily trouser any corporate tax-cuts that the new administration makes. (Furthermore, nobody appeared to notice that Jolly Pumpkin are from Michigan, a Democrat state since 1992 but which crucially swung in 2016).

Fortunately, the customers completely ignored it and concentrated on the beer, which was excellent: Bam Biere Saison, Fuego del Otono autumn beer, La Roja, a sour red and my favourite the Cucurbitophobia gose.

Less successful was their Burning Sky event two weeks later. There was nothing wrong with the beers which were as superb as always. However, as the list was similar to that at the BottleShop just before Xmas, so the vastly increased mark-up really stood out. On a Saturday, why start at 15:00, and not the much more sensible 12:00 that they had originally promised? Most damningly (especially given the premium pricing structure) were that two beers were still on from the above Jolly Pumpkin event 15 days earlier.

After last month’s announcement of an expanded LCBF, Beavertown raised the stakes even further with Extravaganza, priced at the psychological £50 prize-point that Craft Beer Co so embarrassingly used for London Beer Carnival, before they cancelled it in September 2015.

Back to Beavertown

The brewery list is the best yet for the UK, although it is a tad disappointing that they have merged in the Rainbow Project, rather than having it as a stand-alone event. I have bought tickets for both days: I really hope that they concentrate on the logistics: It was the queues that destroyed the 2016 Valentine’s bash, and their absence that really made last year’s Rainbow.

(I enjoyed their latest Tempus on tap at Duke’s: El Mariachi, a Tequila barrel-aged Gose and Moonshiner, Berliner Weisse aged in bourbon. The Bloody ‘Ell seems late this year though?)

Burns night at the Auld Fountain was great fun, with Cromarty AKA IPA the stand-out, and Fierce Beer Cranachan Killer the most interesting. Separately, a quiet Saturday half in my local was interrupted by the Five Points pub-crawl, full of friendly and familiar faces on their first stop.

The crawl included The Fountain, Wenlock Arms, Earl of Essex and Three Johns. I haven’t mentioned the Wenlock before but it is a fantastic locals’ pub, highly regarded for years by CAMRA, for the quality of their cask, and was a welcome oasis on Xmas Day!

Pressure Drop announced they would be moving to a new 6,000 square foot unit on the same industrial estate as Beavertown. This givens Tottenham six breweries, which will become seven if Spurs follow through on their promise to brew on-site at their new stadium, although why is this necessary with the six available to supply? Hopefully we will not be talking about overcrowding in N17 at Lockwood Estate, so please nobody mention “T******** B*** M***”!

Life’s too short to queue

I read a frightening article in the NY Times (Click here), on people queuing overnight for 11 hours for the latest Other Half, especially as I remembered how disappointed I had been with their beers in late 2015 (Click here).

Finally, this is the time of year we must put up with pubs constantly tweeting that they are showing the Six Nations, as if it were some sort of unique badge of honour, rather than free-to-view for all on network TV. Please stop wasting your time and mine, and instead publish the current tap-list.

Reporting from the front-line – Amateur Drinker manages to get along to all the beer things you’d like to but couldn’t.


A little bit of Bohemia in North London


Bohem Brewery founders: Zdenek Kudr and Petr Skocek (l-r)

When he found the price of beer increasingly too expensive and believed the quality to be deteriorating the answer for one North Londoner was to start brewing his own.

Although living in the north of the capital Petr Skocek is actually a native of Pilsen in the Czech Republic so he is steeped in beer and it is therefore not so surprising that his choice of first style of beer to brew was a Pilsner.

Production of what became Victoria Pilsner (4.2%) officially began in May 2105 when he teamed up with another Czech native Zdenek Kudr and they took on the lease of a tiny retail unit as the base for their brewing venture that they named Bohem Brewery.

Bohem Sparta in The Prince, N22

My recent visit to the brewery was not prompted by Victoria but by the second beer to come on-stream – Sparta (5.4%), so named after the Prague-based football team – which Skocek describes as being rather Dunkel-like or half-lager-esque. It’s certainly a bit of a mongrel, with its unusual combination of Pilsner and Munich malts mixed in with East Kent Goldings and Saaz hops.

It was during a visit to The Prince pub in London’s N22, around the corner from Bohem’s site, when I discovered that Skocek’s unfiltered Sparta delivers a wonderfully chewy, full-bodied flavour that has its bitterness but this is combined with a lovely offset of caramel sweetness. It’s deliciously addictive and whereas bands often have problems with second albums the pair at Bohem have certainly released a winner with their follow up to Victoria.

Apart from The Prince, distribution of Bohem’s beers is pretty limited at the moment – with Alexandra Park FC taking kegs and individual customers buying its 18 pint kegs that maintain the carbonation levels throughout the pour.

This is just as well because the pair are only brewing part-time – twice a week with an output of a modest three barrels. However, bottles are just about to be made available and the big news is that a second retail unit has been taken that will house a tap room, which at only 20 sq m will be run on similar lines to a micro-pub.

“This will move us forward. At the moment it’s just a hobby whereby we start the brew before going to work and then finish it off after work,” he says.

Skocek with modest brew kit

The tap room will be a showcase for Bohem, which Skocek admits has him presently working hard at creating some more beers as the idea is to have six on the go when the tap room opens in a couple of months.

Just off the production line is a rich Oatmeal stout (5.5%) that has a smooth mouth-feel that almost convinces the drinker that it has lactose in the mix. There is also a Belgian blonde beer that is part way through its development with the early iteration having a typical candy sugar characteristic but without that distinct Belgian yeast component. Skocek says it will eventually be dialled up to 7%. Another beer will be a lighter lager with less bitterness than Victoria and a slightly heavier 4.8% ABV.

The tap room will certainly make a big difference because Kudr fully recognises that the way to be profitable as a micro-brewery is to sell as much of your output direct to the customer rather than through third-parties.

Early bottles and Be;gian blonde on trial

“We want our own pubs. It’s the best way for small breweries to operate. For us it is more profitable to sell two kegs direct than it is to sell nearly eight to a pub. There are three-and-a-half times more profits this way,” he says.

Such profitability is absolutely vital of course for the longevity of Bohem, as it is for all start-up breweries, and it will ensure that I can continue to enjoy the delights of Sparta.

Glynn Davis, editor of Beer Insider


The Craft Beer Co. remains resolutely committed to cask


The Craft Beer Co. Clerkenwell groaning with Redemption cask

Cask ale will continue to be an integral part of the offer on the bars of The Craft Beer Co., according to its founder Martin Hayes, who says he is disappointed by those brewers ceasing production of cask and suggests too many decisions in the industry are purely money motivated.

“It saddens me that some pubs have no cask and that brewers are stopping making it. It bothers me a lot. It’s just about the money, with people willing to pay more for keg. But it’s our heritage and the purest form of craft beer. It’s sad how many great breweries are stopping brewing cask ale,” he says.

Whereas craft beer has been an antidote to the large multinational brewers’ output, Hayes suggests that smaller brewers “buying into the idea that craft beer is keg beer is nonsense and simply moves them into the industrial brewers’ area of the market”.

He also points to the situation where customers seem historically wedded to only paying a certain limited amount of money for cask, while willingly paying large premiums for keg, and as a result of this he accuses some brewers of only producing keg because of these greater margins available.

Hayes also believes some craft beer bars are contributing to the current demise-of-cask scenario by only paying low sums for their beer – especially cask. For these specific venues he says they ultimately end up with “lots of cheap beer” on their bars. Serious question marks hang over the quality of the offer.

In contrast, he says: “The Craft Beer Co. has never bought on price. I’m maybe not a typical operator but I never have just bought on price. We only buy on quality. But if I found other people were being charged less then that would be unacceptable.”

“Brewing beer is about love and should not just be about price. I understand why it is happening in the industry but it’s disappointing,” he says, pointing to the fact that at two of his outlets – in Pimlico and Clerkenwell – cask accounts for a healthy 60% of beer sales.

Glynn Davis, editor of Beer Insider


New Vintage Ale House pushes beer boundaries in Balham



It seems that hardly a day goes by when I don’t either visit or hear about a bar, pub, bottle shop or even a cafe that has a beer selection that I would have travelled the length of the country to visit five years ago. The reality is that today we are inundated with quality venues for drinking beer that would have been a dream a handful of years back.

A recent visit to Balham proved the point as this South London area now has a We Brought Beer store and bar with a terrific selection that can be taken away or drunk on the modestly-sized premises. But what really highlights how far we’ve travelled with beer is the recently opened Vintage Ale House that has been brought to the UK by US-based Goose Island Beer Company.

This is a sizeable advance forward. So much so in fact that its move might be a little too much at this stage in the UK’s burgeoning love affair with beer. At its heart – as the name suggests – is the selection of seven vintage ales that really make this place stand out from other beer-focused establishments.

The prized ales are all housed in 750ml bottles. They range in price from £18 to £23. They are high in alcohol – moving upwards from 6.5% to 9.5%. And they are all ‘wild ales’ – i.e. fermented with wild yeasts – and aged in various wooden barrels.


This certainly describes a very different proposition to that of most bars in the UK. The idea behind the concept is that people will share the beers and consume them alongside the bar’s American influenced cuisine.

Let’s be clear here, all these beers are terrifically complex and have many different layers and textures. On the menu is Halia – a 7.5% farmhouse ale aged in wine barrels with whole peaches that has a balanced peach sweetness that comes through the Brett. Meanwhile, Gillian has been partially aged in wine barrels to create a 9.5% ale that has strawberry notes wafting through in the finish. And Madame Rose is the Rodenbach-style beer of the grouping with its character derived from ageing on sour Michigan cherries in wine barrels for two years.

To the true beer lover the complex characteristics of these ales absolutely justify the chunky price tags attached to them. But for those people yet to be fully convinced of the full virtues of beer there will definitely need to be some education and guidance given by the team serving in the bar. There are of course other beers on offer but the very modest selection – with only four draught brews and eight in bottles or cans – clearly identifies the vintage ales as the key focus.


It is also arguable that only having Goose Island beers on tap is limiting the options a little too much for many drinkers. But this is to some extent likely to be an objective of the bar: the idea being that this UK outpost for the US brewer is aiming to give British drinkers a flavour of Goose Island in an environment that the brewery has total control over. It’s certainly a beautiful room for sure, with the high level of service that you’d expect from the Americans.

It is still very early days for this interesting venture, which will undoubtedly go through a number of iterations before it settles down, and finds its place and Balham. It must also be remembered that the metrics of success will undoubtedly be different to other new bars because Goose Island is owned by the rather well-resourced AB-InBev.

Glynn Davis, editor of Beer Insider


Around Town with Amateur Drinker



As this column covers The Christmas Lunch Month, it seems appropriate to dedicate it to the poet Gavin Ewart, the all-time legend of Lunch With The FT: “The combination led to some memorable encounters, most notably a liquid lunch of biblical proportions at the Cafe Royal between Nigel Spacey, a Cambridge don and freelance FT writer, and Gavin Ewart, the 79-year-old poet.

The next day, Spivey received a call from Mrs Ewart, saying that her husband had returned home happier than she had seen him in years, before adding: “The second thing and you are not to feel bad about this, is that he died this morning.”

Onto the beers…Stirbergets, from Gothenburg, have been generating a lot of excitement and rave reviews so it was great to see them at The Bottle Shop. Two IPA’s, the Amazing Haze and the GBG Beer Week special, were stunning, and more than justified the hype.

The same venue saw the official launch, from Burning Sky, of the 2016 Cuvee, the Saison Reserve and their first ever Imperial Stout. It is testimony to the quality of this Sussex brewery that so many of the great and good of the London scene were in attendance and the beers showed why, ably demonstrating their trademark subtlety.


Goose Island opened their Vintage Ale House in Balham. This is a food-based venture, with a tapas bar vibe, and indeed served an excellent Cubano sandwich, that Jon Favreau would have been proud of.

The draught range was not particularly inspiring, but they have a fantastic cellar of wild, sour bottled beers, most notably Madame Rose (Kriek-esque), and the tart, berry Juliet as well as Lolita (think Framboise). There is much to commend here and it is clearly backed by the parent company’s immense power. However, I think the concept needs tweaking slightly: I don’t think casual diners, used to wine, will be experimental enough to jump into 750ml bottles of sour beer, while the keg offerings need improvement for the serious drinker (are they allowed to take guest beers?).


The Thinker at the Vintage Ale House

Overall, though, this is a courageous and interesting idea. They clearly want to roll it out and, with a couple of minor changes it would be an excellent addition to any neighbourhood.

Moor are one of my favourite brewers, but as their popularity has deservedly risen, I increasingly find it hard to find their beers on keg in London (I can’t remember when I last saw Old Freddy Walker), and so I was delighted to discover their Tap Takeover of Bermondsey’s Eebria, especially as they were bringing the last keg of JJJ, which I have been searching for a while now.

The beer was delicious, although with a dangerously hidden ABV. They also brought a wonderful spiced porter, but unfortunately your correspondent had rather too much JJJ to be able to adequately note its name [This is the first admittance we’ve heard of Amateur Drinker over-consuming so he must have been bad – Ed


Source: Beer Guide London

A quick word about Eebria. The staff were passionate and knowledgeable and it is clearly a serious player in the beer world, so why on earth did they serve us with plastic cups?

The King’s Arms played a small part in Bierre del Ducato’s Rivelazioni Acide event, offering Frambozschella, a raspberry sour and Beersel Morning, a blend of Ducatos Saison and 18-month old Beersel Lambic. Northern Monk also brought down exceptional one-off beers for a Tap Takeover. I loved the blueberry black IPA, particularly as it is a style that I often find disappointing.

However, the list was unbalanced, particularly for a Wednesday night, as the other 5 beers consisted of 3 DIPA (the best was Double Heathan) and 2 imperial porters from their Patrons Project range (I preferred the coffee 1.01 to the smoked honey 2.01).

And finally, 2 days after they had received the most coveted and prestigious award of all (, the pub celebrated 2016 by putting on a fantastic list for New Year’s Eve: Modern Times Fruitlands, Alpine Duet IPA, Cloudwater’s V10 DIPA and Brooklyn Black Ops Imperial Stout were 4 amongst equals.

The Old Fountain invited Beerbliotek (Not Guilty an OJ IPA, and Eternal Darkness, an imperial stout their best) to take over the blackboards, before ending the month with a lovely Xmas Charity Event.

The list of brewers donating beer was a Who’s Who of London, whilst the Raffle saw prizes of fabulous wines, whiskeys and a signed Lionel Messi shirt. I won a bottle of women’s perfume. Interestingly, there has been a clear rise in more discerning beer drinkers, as they desperately need to order more of the stemmed half-pint glasses.


More of these glasses please.

December saw the launch of Affinity, which has a great pedigree and started brightly. However, going forward, let’s hope they spend more time on brewing and less on naming beers from sixth form politics, especially, as they are now small business owners, and so are part of the class, that the politician that their Red IPA commemorates, despises.

Brewdog Clerkenwell entertained Magic Rock (mainly old favourites, but good to try the Wayniac collaboration with Cigar City for the first time), on the same day as the bi-annual London Brewers’ market event at Spitalfields. A couple of weeks later it was good to see the location acknowledged as the Ten Dollar Shake and Brimful Of Masha were included in their Birthday Bash.

Finally, I hope 2017 brings everyone the beer of their dreams…

Reporting from the front-line – Amateur Drinker manages to get along to all the beer things you’d like to but couldn’t because you’re not committed enough

Pioneering Zero Degrees retains its relevancy


Zero Degrees: still shining bright

Way back in 2000 was around the time I recall visiting Zero Degrees brewery in Blackheath, on the edge of London, after its creation by some pioneering nuts. It was only recently that I made a (seriously belated) return visit.

So much water has passed through the mash tun since then that the scene today is almost unrecognisable to the brewing wasteland back then. There has been a renaissance in brewing in London and Zero Degrees should not be forgotten about in the story. Its beers were among the first decent keg ales around.

They helped give keg beer a good name – much to the chagrin of CAMRA – for the first time in living memory. It was a delight to sample versions of Continental-style beers – Pilsners, wheat beers, red ales, lagers etcetera – that could only really be found overseas.


Returning to the scene of my early tasting of ‘decent keg’ that I’d enjoyed so much all those years back was both enjoyable and odd in equal measures. The former because the beers in the main remain enjoyable and the latter because so much has changed around Zero Degrees. The reality is that it is inevitably playing catch-up to some extent as the young brewing upstarts now set the pace.

The brew house aspect of Zero Degrees looks rather similar to my first visit (as much as my memory holds up that is) but the rest of the room is very different, with its mish-mash of elements that are rather like a Jackson Pollock creation in 3D.


The core beers are certainly reminiscent of the early days with a Pilsner, Pale Ale, Wheat Ale, and a Black Lager all present. A nod to the present scene can be seen with the Mango beer, which is refreshing I have to admit, but the fact it contains mango concentrate lets it down.

What does excite though is the #FirstSips initiative that has been recently introduced. This involves speciality beers – that are produced by each of the four Zero Degrees outlets (Blackheath, Bristol, Cardiff and Reading) each month – being distributed between each other.

Each month four new brews are introduced (that run to 1,000 litres each) and which are available until the batch runs out. On my return visit (in November) Marzen Oktoberfest had run out but Amber Lager, IPL, Belgian Pale and Marietto’s Dunkel were still featured as the #FirstSips beers on offer.


By running such an initiative the Zero Degrees brewpub is very much following the trend among small brewers to produce a constant stream of new beers, while also adhering to the need for a bar to offer a great variety of beers, and in addition it is also highlighting that 17 years on the pioneering operator still remains relevant and can on its day pump out some beers as good as the rest of them.

Glynn Davis, editor of Beer Insider


Amateur Drinker – Awards for 2016


A few thoughts on 2016 as the year comes to a close…


Best Pub:

King’s Arms, E2

After checking my previous blogs, this category did not prove as hard as I anticipated. Possibly because its location is slightly off the beaten track, but no pub has made more effort this year.

The big headlines come from the Tap Takeovers and a year which starts with Rodenbach and finished with Arizona Wild oozes quality, but where they have really stood out has been the standard of their every-day lists.

They are always well-balanced but consistently there are unexpected gems: Three Floyd’s/Amager Artic Sunstone, Pohjala Mutant Disco and Green Flash Tangerine Souls Style IPA, the only keg of Cloudwater Sevilla Sour at the beginning of the year and many, many other delights.

Honourable mentions to my local, The Old Fountain in EC1 and to The Duke’s Head, Highgate. Both deliver great beer, but are also rooted in their community.


Rainbow Project top brew – Adambier

Best Event:

Beavertown Tempus (for tasting) and Rainbow Project (for partying)

The easiest category by far, as it neatly sums up the major trend of 2016 and also shows how a near-perfect response when things do not go as smoothly as we would wish.The ever-rising popularity of craft beer leading to logistic issues was first highlighted in the over-crowding that marred Beavertown’s 4th birthday/valentine’s bash.

However, their reaction was outstanding: The Tempus events were excellent on a smaller scale but the first big party was absolutely faultless: Ticketed at a meaningful price, with staggered start-times and free-pure beer led to no queues and a fantastic party.

Honourable mention to Matt Curtis who always organises passionate and idiosyncratic evenings (Burn’s night, Darker Days three matching stouts to Ghanian street-food and a celebration of 1980’s  electronic music are as different as it gets) and to the Kernel’s horizontal tasting using six different version of their single-hop pale ale each brewed using an identical recipe, but with the single hop changing each time.


Source: CAMRGB

Most Improved UK Brewer:

Four Pure

Although it’s great that London now has 80+ brewers, I have long felt that the hierarchy has been too stable at various levels behind the obvious big two. Finally, that changed in the summer as Four Pure made a spectacular advance, announced by two superb beers, Shapeshifter, the best British APA I’ve yet had, and JuiceBox, a Citrus IPA that brought many new converts into the craft beer world during the summer.  We now need at least two or three others to make a similar leap in 2017.


Best Improvement to a Friday Night:

The Bottle Shop opening every week

Any round-up of the London scene must include The Bottle Shop and the decision to open every Friday was especially welcome given the queues that now exist on the B******* B*** M***.

From the UK, Scandinavia or the US, there were too many great tap takeovers to mention here but I’m sure anyone reading this enjoyed at least one of them.


Zwanze 2016 on the right

Beer of the Year

An almost impossible category given the variety of styles, circumstances that they are drunk in, and whether it is festival beer where you want something different or a regular beer where you want reliability. A few to mention (and the list would doubtless be different in a week’s time). In no particular order:

Rodenbach’s gorgeous Caractere Rouge

Obviously, the Kernel’s London Damson Sour and the raspberry version of their imperial brown stout

Hawkshead/Crooked Stave Key Lime Tau

Magic Rock Grand Mariner bearded lady imperial stout.

Beavertown Double Chin, Notorious, and any Tempus

Sori Delirious

Omnipollo Mud Pecan Stout and Bianca Mango Lassi Gose soft serve, especially as the latter was topped with a soft serve ice cream at a very sunny LCBF

Aecht Schlenkerla Rauchbier Märzen, a glorious smoked beer from Brauerei Heller in Bamberg, Bavaria at GBBF

Zwanze 2016, an exquisite Framboise

Firestone Walker aged imperial stouts, the glorious vanilla, coconut and mocha Velvet Merkin and the El Diablo espresso Parabajava.

Modern times City Of The Sun IPA

Anagram Blueberry Cheesecake, an imperial stout that was a stunning aromatic and decadent dessert beer


Brewery of the Year:

 Modern Times

The best West Coast IPA of the year was City Of the Sun whilst the Fruitlands sour series are continually innovative and excellent.


Brexit beer mats: you can’t read them? Good.

Disappointment of the Year:

Nothing can match the personal devastation late on Xmas eve as Derek Carr broke his fibula and effectively destroyed the Raider’s Super Bowl dreams. But in the context of beer the disappointment of the year was the attempt to mix beer and politics. We saw childish beer mats in a well-known pub-chain and tweets from an excellent Northern brewer worrying about the effects of a fall in sterling on their exports (sic)!


2017 resolution:

To be able to drink a beer that Andrew Morgan (MD of The Bottle Shop) hasn’t yet tried. Unfortunately, I am more likely to climb Everest, star in a Hollywood blockbuster and take over as Apple CEO (concurrently).

2017 wish list:

When I visited Warsaw, every bar had their tap-lists live and updated in real time on the internet. Indeed in a couple of cases they also included information about how long the beer had been on for.
It is ludicrous that London, a far richer city that derives a significant portion of its wealth from technology, be it in Silicon Roundabout (surely one of the after-work drinkers could do it in lieu for the Old Fountain!) or City dealing rooms, can’t do the same.

Finally, I wish everyone a great 2017 and apologies for any worthy winner that I have forgotten in a drunken haze!

Reporting from the front-line – Amateur Drinker manages to get along to all the beer things you’d like to but couldn’t because you’re not committed enough.

Around Town with Amateur Drinker



After my observation last month regarding stouts it is gratifying to report that a fantastic event was recently dedicated to the style at the Duke’s Head in Highgate and two wonderful examples of barrel-aged stouts were released by Beavertown.

‘Darker Days’ was the third annual celebration of that colour of beer that Matthew Curtis has hosted at the Duke’s Head as winter approaches. This year beers from Five Points and Brew By Numbers were matched to Ghanaian cooking from Chale-Let’s Eat, who were the pub’s November monthly kitchen pop-up rotation.

Among the innovative pairings were: Beef Azi Desi, a glorious spicy stew of steak, peanuts and okra, with Brew By Numbers excellent 08/02 imperial stout; chocolate brownie with Five Points Railway porter; and cheese with BBNo 14/03 Tripel Ella Belgian Triple.

These events are a triumph and the only reason not to recommend them unreservedly in future would be a purely Machiavellian desire not to miss out on tickets!


As a beer consumer, the recent explosion of craft options in supermarkets has been very welcome, especially as we are being gouged by Sterling’s recent depreciation, and this month saw Tesco announce that it now sells 30 different brands at each of its 400 Express outlets, all cold-stored.

Moreover, I was recently pleasantly surprised by the offerings in M&S in Moorgate, which included Lervig Hoppy Joe red ale, and IPA’s from Northern Monk and Stone Berlin, which even 3-5 years ago would have been a pretty good haul in even the most specialist of outlets.

To stay with the supermarkets, but slightly digressing from beer, the epicurean disaster of the month came at Waitrose, Barbican, which has been refurbished for a trial project. This consists of ripping out the continental-style Ham and Cheese counter and halving the fresh meat and fish equivalents. This has been at the cost of losing many lines of proper food and having them replaced by sub-standard nasty take-away items that would not be out of place in a particularly depressing airport terminal. This is an act of ‘strategic development’ self-harm straight out of the scripts of Twenty Twelve or W1A.

The third Beavertown Tempus event was in partnership with BarrelWorks, Firestone Walker’s famous barrel-aging division. It started with a tutored tasting of 10 matured beers, five from each, along with very generous portions of high quality ham and cheese. The two outstanding beers were barrel-aged imperial stouts, the glorious vanilla, coconut and mocha Velvet Merkin (and, long story, but yes, it is named after…) and the El Diablo espresso Parabajava.


Afterwards there was a Q&A session with Jeffers Richardson, a true craft beer veteran who currently runs BarrelWorks, and Logan and Jenn from Beavertown. This was entertaining and enlightening, doubtless helped by lavish offerings of cans of the brewery’s core range!

In an interview with Hop Review, Logan revealed that Spurs are aiming for a “pop up food bar” with “local food from the area” at their new stadium and have approached Beavertown with the aim of having craft as approximately “20% of the beer” .This is fairly common in the US (although bizarrely the range is relatively commercial at the Qualcomm stadium, despite it being in San Diego, which is perhaps why the voters recently rejected the plan to fund a  new stadium!) and would be great here. But I doubt the Met will be pleased if Power of the Voodoo is served by the pint!

It would, however, be fair to say I was a little disappointed by Club Tropigama, their 1000th brew. A fruity Gamma Ray, it wasn’t dreadful, but I was expecting a lot more.


Goose Island Bourbon County Stout

 Black Friday saw a faintly ludicrous promotion in which 100 bottles of Goose Island Bourbon County Stout went on sale at Clapton Craft, in its only UK release. By all accounts the beer is apparently still superb, and in general it is an excellent local store, but this had the footprints of the brewery’s corporate owner, AB InBev’s PR department all over it, and indeed articles appeared in at least Time Out, The Independent, and even the Daily Mirror.

Sending over just 100 bottles, and then crucially pricing them below market, is purely to create an artificial sense of scarcity and then media-friendly pictures of queues round the block. It is just silly and ultimately leads to a black market. Moreover, you do not see people annually camping outside Chateau Latour overnight: instead the market clears, at a price which fluctuates.


No queues for this big boy

The Kings Arms, E2, has been superb recently with some excellent normal lists (Three Floyd’s/Amager Artic Sunstone, Pohjala Mutant Disco and Green Flash Tangerine Souls Style IPA a small sample). And two tap takeovers – with Ska fairly low-key, although it was good to finally try the Modus Mandarina IPA, albeit in a can. Arizona Wilderness was sensational. The funky and refreshing Tart Sunshine, Integrity Blues IPA (a collaboration with the band Jimmy Eat World!), the Peloncilo brown Porter with dates and cinnamon, and finally the dessert of toffee/hazelnut chocolate Muck Elbow English Mild.

It was sad to hear that Quantum were shutting down, as, the founder, Jay Krause wants to concentrate on brewing rather than all the admin involved in running a business, and so will be joining Cloudwater in that role. We didn’t get many of their beers down in London due to production capacity, although I have fond memories of the very early days of The BottleShop (Laura, no mezzanine and only two lines!) when bottles of the very fiery, chilli Stockport Sour were Marmite-esque in their ability to divide opinion!

BrewDog’s CollabFest is an annual event where each of their branches teams up with a local brewery to create and brew a beer of their design, which produced 27 different beers. Clearly this leads to a great deal of variation in both style and quality, but that is what a festival should be about. The clear stand-out winner was Shepherd’s Bush/Siren, whose Ten Dollar Shake IPA was an outstanding tropical fruit smoothie IPA, which I sincerely hope becomes a part of their core range.


BBNO Beer Pong

Honourable mention, although I will doubtless be accused of home-town bias, goes to Brimful Of Masha, an autumnal red ale made by Affinity/Elusive and Clerkenwell.

Draft House, Old Street, held a Brew By Numbers Beer Pong-based event which was great fun and during which the Pale was very murky but tasted far better than it looked.

(For the record – the BBNO team received a real pasting at Beer Pong by Amateur drinker and yours truly – Ed.)


Murky but very good

Craft Beer Company, Covent Garden, invited Siren for Halloween. Alongside all their old favourites, three was also a special festive version of Chocolate Cake and the Maiden 2015 barley wine on cask, the aforementioned Ten Dollar Shake, although on a ludicrous mark-up (possibly because it was a BrewDog collab??), and Attack on the Bounty a wonderfully subtle coconut black IPA in collaboration with Northern Monk, although I wasn’t a fan of the V.I.P.A., a Vimto inspired pale ale they had brewed for Indy Man Beer Con.

As always, many notable evenings at The BottleShop: Omnipollo (standout beers the Mazarin oatmeal pale ale and, with Dugges, Anagram Blueberry Cheesecake, an imperial stout that was a stunning aromatic and decadent dessert beer), Mikkeller (SpontanFramboos Lambic, Green Gold IPA  and BooGoop an excellent barley wine, brewed with Three Floyds), California (Alpine Duet IPA and two from the consistently sensational  Modern Times the Fruitlands Blood Orange & Hibiscus Gose and Fortunate Islands, a grapefruit wheat beer) and last, but not least the De Molen, which was slightly different in that it was a formal sit-down tasting session with some of their special beers from the Borefts Beer Festival)

And finally, as December marks the arrival of the ‘one month a year’ drinking crowd cluttering up our watering holes, let’s hope they remember that a “Pub is for Life, not just for Christmas”.

Reporting from the front-line – Amateur Drinker manages to get along to all the beer things you’d like to but couldn’t because you’re not committed enough