The Friday Beer Company has raised £93.5k of the £150k it is seeking to fund its ambitious expansion project.

The founders of the company, which was set up in 2011, are “very hopeful” the business can reach its target by its mid February deadline.

Director Gerald Williams says the company saw sales increase by 25% last year but he said, “we were clearly restricted by capacity”.

“With more stock we could have seen another 20 to 50% growth last year,” he added.

If the company can achieve its target the funding would be used to purchase equipment to enable it to more than double its brewing capacity.

“We also plan to recruit more staff and bulk purchase many of our materials requirements, hence improving profitability.”

Phase two of its expansion would see it relocate to a more purpose-built premises.

Currently the company has a range of five standard ales and its bestseller is the 5.6%abv golden ale, Friday Gold. Its beers are sold through a range of wine retailers and pubs across the country. The brewery also secured a listing with Harrods in London two years ago.

The Friday Beer Company was created when three expert material scientists were made redundant. The trio identified a gap in the market for real ale brewed in the heart of the Malvern Hills using local and British ingredients. After three years of operating the company moved into a larger brewery.