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iframe{position:absolute;top:0;left:0;width:100%;height:100%}.SiteContentBlock{background:#f2f2f2!important}</style> <script type="text/javascript">$(document).ready(function(){$(".external").each(function(){var a=$(this);var c=a.find("iframe");if(c.length>0){var b=parseInt(c.attr("height"),10);if(!isNaN(b)){a.css({paddingBottom:"auto",height:b+"px"})}}});kolResponsive.loadArticlePanels()});</script> <div class="row"> <div class="col-xs-12 col-sm-12 col-md-12"> </div> <div class="col-xs-12 col-sm-12 col-md-8"> <div class="PageContent"> <h1 class="HeadingFont">Tenterden-based Chapel Down sees share price tumble after scotching potential sale plans and reporting dip in 2024 harvest</h1> <div class="clearfix"></div> <div class="row"> <div class="col-xs-12 col-sm-4 col-md-4 RightFloat"> <div id="commentsCountTop" class="comments-count"> <a href="#comments-collapse" >Read all comments | <span></span></a> </div> <div class="visible-xs clearfixNone"></div> </div> <div class="col-xs-12 col-sm-8 col-md-8"> <div class="authorName"> <a href="/authors/chris-britcher" >Chris Britcher</a> </div> <div class="authorEmail"><a href="mailto:cbritcher@thekmgroup.co.uk" >cbritcher@thekmgroup.co.uk</a></div> <div class="clearfixNone"></div> </div> </div> <div class="row"> <div class="col-xs-12 col-sm-8 col-md-8"> <small class="ArticleDate"><strong class="hidden-xs">Published:</strong> 08:30, 27 November 2024</small> <small class="ArticleDate"> | <strong>Updated:</strong> 10:52, 27 November 2024</small> </div> <div class="col-xs-12 col-sm-4 col-md-4"> <div class="visible-xs clearfixNone"></div> <div class="SocialArticleIcons"> <ul class="RightFloat"> <li><a class="whatsapp" href="https://api.whatsapp.com/send?text=Tenterden-based Chapel Down sees share price tumble after scotching potential sale plans and reporting dip in 2024 harvest - https://www.kentonline.co.uk/kent-business/county-news/winemaker-sees-share-price-tumble-more-than-50-316481/" data-action="share/whatsapp/share" target="_blank"><i class="fa fa-brands fa-whatsapp"></i></a> | </li> <li><a href="javascript:void(0);" class="share facebook" ><i class="fa fa-brands fa-facebook"></i> | </a></li> <li><a href="javascript:void(0);" class="share twitter" ><img src="/_assets/twitterxarticle_2.jpg"/></a> | </li> <li><a href="javascript:void(0);" class="share linkedin" ><i class="fa fa-brands fa-linkedin"></i> | </a></li> <li><a href="javascript:void(0);" class="share email" ><i class="fa fa-solid fa-envelope"></i></a></li> </ul> </div> </div> </div> <div class="clearfix"></div> <div class="line"></div> <div class="clearfixNone"></div> <div class="clearfixNone"></div> <div class="line"></div> <div class="clearfix"></div> <div class="PageStory"> <div class="PianoOuter"> <div id="PianoR"></div> <div id="PianoP"></div> </div> <p>The share price of one of Kent’s leading winemakers hit a new low last week - one month on from confirming plans for a <a href="https://www.kentonline.co.uk/kent-business/county-news/leading-winemaker-could-put-itself-up-for-sale-308821/">potential sale</a> of the business had been scrapped.</p><p>The <a href="https://www.kentonline.co.uk/tenterden/">Tenterden</a>-based <a href="https://www.kentonline.co.uk/kent-business/county-news/profits-collapse-at-winemaker-and-ceo-announces-departure-312337/">Chapel Down</a> announced in June it was considering a sale as one of a number of options to help fuel its ambitious growth plans.</p><figure><img class="rthmb" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 3750 2322'%3E%3C/svg%3E" alt="Chapel Down has seen its share price tumble" data-root="/_media/img/" data-path="W5BX0CCQI24EJF4E7VG7.jpg" data-ar="1.61"/><noscript><img src="/_media/img/W5BX0CCQI24EJF4E7VG7.jpg" alt="Chapel Down has seen its share price tumble"/></noscript><figcaption>Chapel Down has seen its share price tumble</figcaption></figure><p>But last month it confirmed its ‘strategic review’ was complete and that there were “no transactions that would create superior long term shareholder value” and that it was no longer in an ‘offer period’.</p><div class="articlePanel" data-type="Outbrain_InArticle" data-path="" data-stage-ob-contentUrl="https://www.kentonline.co.uk/kent-business/county-news/winemaker-sees-share-price-tumble-more-than-50-316481/" data-stage-widget-id="AR_2" data-stage-ob-installation-key="KMGRO3MM566PDJ0LO9OJC34HP" data-devices="dtm"></div><p>It came just weeks after its latest financial figures, published in September, for the six-month period up to June 30, saw its pre-tax profits drop a startling 98% to £40,000. That compares to £2.4 million in 2023.</p><p>Last month, it confirmed its 2024 harvest would be almost half of that of the previous year - down to around 1,875 tonnes compared to 3,811 in 2023.</p><p>It blamed the weather for the decline, but said it had sufficient inventory to prevent it having any impact on supply.</p><div class="articlePanel" data-type="Custom" data-path="/panels/exco/" data-devices="dtm"></div> <p>It added while it expected to deliver a ‘trading operating profit’ for the full year, it would be lower than in 2023.</p><div class="embed podcast"><iframe height="200px" width="100%" frameborder="no" scrolling="no" seamless="" src="https://player.simplecast.com/cc451417-d387-4866-80bb-0100af38613e?dark=false"></iframe></div><figure><img class="rthmb" src="data:image/svg+xml,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 4669 3045'%3E%3C/svg%3E" alt="Chapel Down CEO Andrew Carter is stepping down in the first half of 2025" data-root="/_media/img/" data-path="H9WRFRVDE1BEPWPC2NK3.jpg" data-ar="1.53"/><noscript><img src="/_media/img/H9WRFRVDE1BEPWPC2NK3.jpg" alt="Chapel Down CEO Andrew Carter is stepping down in the first half of 2025"/></noscript><figcaption>Chapel Down CEO Andrew Carter is stepping down in the first half of 2025</figcaption></figure><p>The news sent its stock market price - it is listed on London’s Alternative Investment Market (AIM) - plummetting.</p><p>From a high of 77p a share in July, last week it limped to just 35.5p - a drop of more than 50%.</p><p>The company, which says it will continue as an independent following the failure to attract a buyer, also confirmed earlier this year its CEO, Andrew Carter, would be quitting in 2025 to join brewery Timothy Taylor & Co.</p> <div class="clearfixNone"></div> <div id="comments"></div> <div class="clearfixNone"></div> <div class="line"></div> <div class="clearfix"></div> <div class="CatKey "> <a href="/categories/business" 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