However, its directors, including founders James Watt and Martin Dickie, noted in the accounts, which were obtained by The Herald from Companies House, that the small profit – down from £84,534 the year before – was the result of longer-term contracts and lower margins.
At the same time, turnover at the company, whose flagship brand is Punk IPA, more than doubled to
£1.8 million for the 2009 calendar year, compared with £789,443 in 2008.
“Our intention in 2009 was to double the size of our business and break even,” the directors noted.
“In reality, we managed to more than double our turnover while maintaining a small pre-tax profit.
“In order to grow this quickly, we had to enter into longer-term contracts where margins were reduced.”
Last month, the company insisted it was on course to top £4.5 million of sales this year after reporting a 250% increase in revenues in the first quarter.
The company, which is known for its quirky marketing and often unusual craft beer, said it is now producing 400,000 bottles a month and is on course to fill five million this year.
Last year, BrewDog’s founders sold 12.5% of the company to industry veterans Keith Greggor and Tony Folgio.
It also raised £642,000 by selling shares at £230 each. Buyers got a 20% discount on its beer.
