Brewery firm in administration
Craig Povey and Richard Toone, from CVR Global, are now managing things for the company and have put forward a proposal to place it into a company voluntary arrangement (CVA), Insider Media has reported.
The brewery had stopped trading with all staff made redundant before the administrators were appointed.
Mr Povey said: “The company was struggling with liabilities to a number of creditors and prior to our appointment had made all 16 staff redundant and has ceased trading.
“A proposed CVA will be discussed at a meeting later this month. We’ve also received interest from a number of parties and we are confident there is a future for the brewery,” he added.
Established in 1993 in a Somerset cottage by Chris and Helen Norman The Cottage Brewery Company has bagged many awards including CAMRA’s Supreme Champion Beer of Britain. Production for its popular ales grew steadily, and it invested in a new state-of-the-art brew plant.
Its drinks include Southern Bitter, Duchess Bitter, Golden Arrow and Goldrush.
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