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

MOT & Motor Repair Business
Shepherds Bush, London, UK

Long established, successful and profitable MOT, servicing and repair motor business in London. Ill health forces sale. Limited competition. Exceptional reputation. Parking available for 4/5 cars. Offers invited.

Asking Price: £900,000
Turnover: £300,000

Window & Conservatory Business
East Riding of Yorkshire, Yorkshire and the Humber, UK

Excellent window and conservatory business. Superb bolt-on business. Entirely word of mouth business and still growing. No marketing necessary at this turnover. Offers invited.

Asking Price: £210,000
Turnover: £1,100,000

LEASEHOLD


Italian Restaurant
Rugeley, Staffordshire, UK Wide

Reputable Italian restaurant in Rugeley, established since 1997. Business comes with fully licensed bar free of tie. Offers invited.

Asking Price: Offers Invited
Turnover: £303,193


View more businesses for sale

News Search

Latest News

 
15
 
Jul
 

Specialist engineering firm forced to appoint administrators | ADMINISTRATION

Rail contracting company Aspin Group Limited has been forced...

 
12
 
Jul
 

Irish mobile diagnostics firm snapped up by Blancco Technology Group | BUSINESS SALE

Blancco Technology Group, which provides a range of mobile d...

 
11
 
Jul
 

ASL Group completes its third acquisition in 18 months with Reprotec | BUSINESS SALE

Just one week after securing fresh private equity backing, A...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
01
 
Jul
 

UK arm of Italian fashion brand collapses into administration | ADMINISTRATION

With over 400 retail and franchise stores operating across t...

 
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