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

Civil Engineering Contractor (Fast Sale)
London, UK

An urgent sale is sought and offers are required by midday on Thursday 21st November 2019. Specialises in ground works, highways and landscaping. Current work in progress and significant pipeline.

Asking Price: Offers Invited
Turnover: £1,360,000

Haulage Business (Fast Sale)
North West, UK

Indicative offers are required by 17:00hrs on Monday 18 November 2019 with a view to completion shortly thereafter. The proposed Joint Administrators are seeking parties interested in the business and assets of a Company that trades as a general haul...

Asking Price: Offers Invited
Turnover: £2,000,000

LEASEHOLD


Engineering Services to the Recycling Industry
South West, UK

Installs, services and maintains a wide variety of machinery within the recycling and waste management industry. Circa 150 active clients, approximately 40% of whom provide reliable and repeat business on an ongoing basis. Excellent industry reputati...

Asking Price: Offers Invited
Turnover: £1,100,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
13
 
Nov
 

Brighton energy firm appoints administrators | ADMINISTRATION

Brighton-based utilities company Toto Energy has gone into a...

 
12
 
Nov
 

MBO at Gloucestershire bricklayers | MBO/MBI

Gloucestershire building services firm Cavendish Park Brickl...

 
07
 
Nov
 

Successful MBO at Homefair Blinds | MBO/MBI

Homefair Blinds has been acquired in an MBO led by a trio of...

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