Brewery firm in administration

Thu, 18 May 2017 | ADMINISTRATION

The Cottage Brewing Company, an award-winning Somerset-based brewery is now in the hands of joint administrators, with a sale sought.

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.

Search for food businesses in administration
Subscribe for Business Sale Report here


Share this article



Latest Businesses for Sale

Accountancy Practice: 2 Partnered
Gwent, Wales, UK

This practice, which was established in 1955, is available for sale due to the impending retirement of the partners. Requirements: One of the partners will be available to assist in the transition period to ensure a smooth handover of clients. Offers...

Asking Price: Offers Invited
Turnover: £400,000

FREEHOLD


Accountancy: 4 Partner Practice
Cheshire, UK Wide

This practice, which was established in 2008, is available for sale due to the impending retirement of the partners. Offers invited.

Asking Price: Offers Invited
Turnover: £1,735,000

LEASEHOLD


Accountants: 2 Partner Firm
West Yorkshire, Yorkshire and the Humber, UK

This practice, which was established in 1985, is available for sale due to the impending retirement of the partners. Offers invited.

Asking Price: Offers Invited
Turnover: £360,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
May
 

Greater Manchester staffing firm acquires security services company | BUSINESS SALE

A security services business headquartered in Newton-le-Will...

 
16
 
May
 

Midlothian IT company enters administration with assets up for sale | ADMINISTRATION

An Edinburgh-based IT firm has collapsed into administration...

 
15
 
May
 

Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE

Challenge TRG Group, headquartered in Wigan, has successfull...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
08
 
Aug
 

Vehicle rental business on the hunt for a buyer | ADMINISTRATION

London-based car rental service, Wendex Vehicle Rental, has ...

 
25
 
Nov
 

Dice manufacturer rolls out of administration | ADMINISTRATION

A company in East Anglia that makes dice has been bought out...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources