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
The company is a vehicle accident repair centre offering general bodywork repair and other related services, including wheel alignment, air conditioning re-gas and windscreen / glass replacement. Repairs are completed to manufacturer standard by trai...
The company is a furniture and equipment hire company catering to the events industry, offering a vast stock portfolio of tables, chairs, table linen, crockery, cutlery, glassware and kitchen equipment.
Established mechanical services contractor offering a variety of HVAC, plumbing and renewables services, including heat pump installation and heat recovery ventilation.
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
25
|
Apr
|
Tile business old to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
25
|
Apr
|
New private equity owner for fleet hire firm | BUSINESS SALE
West Lancashire-based fleet hire business NRG Riverside has ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.