The Cottage Brewing Company Limited (03309468): administration
- Status
- Administration ended
- Administration began
- 2017-04-21
- Administrators' firm
- Insolvency Practitioners of CVR Global
- Incorporated
- 1997-01-29
- Location
- Birmingham
- Industry
- 11050 Manufacture of beer
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
3.1 The Company continued to demonstrate further improvement in December 2016 and January 2017, however, in February 2017, further issues arose with HMRC, and the Company was served with noted that as a result of the significant arrears position to HMRC, the Company was under threat of having its Alcohol Wholesale Registration revoked. HMRC confirmed that they were not prepared to consider any further Time to Pay proposal, and, it was now giving consideration to issuing a winding up petition should the company not be able to immediately rectify its arrears position.
3.2 Mr Dearman took immediate steps to seek professional advice, and made an approach to Craig Povey, a licensed insolvency practitioner of CVR Global LLP in late March 2017.
3.3 Prior to this, Mr Dearman had held informal discussions with Mr Povey prior to the acquisition by PF to discuss the Company's options, however, it should be noted that between December 2016 and March 2017 no further discussions or contact was had between Mr Dearman and Mr Povey.
Administrators' statement of proposals (2017-05-26) · Companies House register