It is with great sadness that we report that Wild Beer Co, a beloved craft brewery based in Somerset, England, has announced that it has gone into administration. This means that the company has been unable to pay its debts and has appointed an administrator to oversee its financial affairs and try to find a solution to its financial difficulties.
Founded in 2012 by Andrew Cooper and Brett Ellis, Wild Beer Co quickly gained a reputation for its innovative and experimental approach to brewing. The company was known for its use of unusual ingredients and techniques, such as aging beers in barrels and fermenting them with wild yeasts, which gave its beers a unique and complex flavor profile.
Wild Beer Co was a trailblazer in the craft beer industry, and its beers were highly sought after by beer enthusiasts around the world. The company had a strong online presence and was active in the beer festival circuit, where it often showcased its latest creations.
Wild Beer Co suffered from Covid 19
Unfortunately, despite its popularity and critical acclaim, Wild Beer Co has struggled in recent years due to a number of factors, including the impact of the COVID-19 pandemic on the hospitality industry. The company has been hit hard by the closure of pubs, bars, and restaurants, which were key outlets for its beers.
It is not yet clear what the future holds for Wild Beer Co. The administrator will be working to try to find a solution to the company’s financial difficulties, which could include finding a buyer for the business or restructuring the company to try to make it more financially viable.
For now, Wild Beer Co’s beers will no longer be available to purchase, and the company’s taproom and brewery tours have been suspended. This is a devastating blow for the company’s founders, employees, and fans, who have all played a part in building the company into the successful and respected brand it is today.
We can only hope that a solution can be found and that Wild Beer Co will be able to rise from the ashes and continue to produce its unique and tasty beers for years to come.
The Bristol based groups public house at Bristol’s Wapping Wharf is still open and unaffected.
The brewing industry still suffering from long Covid
Like other businesses, breweries are being affected by the increase in energy prices and the overall cost of living crisis in the UK. Energy is a significant cost for breweries, as it is needed to power the brewing process and to keep the brewery running. As energy prices rise, the cost of producing beer also increases, which can lead to breweries raising their prices in order to cover their costs.
This can make it more difficult for breweries to compete in the market, particularly if their competitors are able to offer lower prices. The cost of living crisis can also impact breweries, as it can lead to a decrease in disposable income for consumers, which can in turn lead to a decrease in demand for beer. This can result in a decrease in profits for breweries, which can be particularly challenging in an already competitive industry.
Read more: Lovett pies of Bristol goes into liquidation
With over three decades of experience in the business and turnaround sector, Steve Jones is one of the founders of Business Insolvency Helpline. With specialist knowledge of Insolvency, Liquidations, Administration, Pre-packs, CVA, MVL, Restructuring Advice and Company investment.