RAW Brewing Company Limited (07108641): administration
- Status
- Administration ended
- Administration began
- 2018-08-10
- Administrators
- Claire Elizabeth Dowson, Gareth David Rusling
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2009-12-18
- Location
- Sheffield
- Industry
- 11050 Manufacture of beer
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
The Company was incorporated in December 2009 and commenced production as a one man operation, operating a five-barrel brewery from premises at Units 3 and 4 Ireland Industrial Estate, Adelphi Way, Staveley, Chesterfield S43 3LS.
By 2012, the Company had purchased further fermentation tanks and had increased productivity. By 2017, the Company had further expanded and purchased a fifteen-barrel brewing plant. Due to the increased production, as at 2018, the Company employed six members of staff. Whilst the increased production led to higher turnover, it also resulted in increased liabilities arising from the Beer Duty Levy. This coupled with higher PAYE and VAT liabilities, resulted in the Company suffering cashflow difficulties, subsequently making the Company unable to pay its debts as they fell due.
As a result of the above, the Company sought independent financial advice from Begbies Traynor (SY) LLP who carried out a review of the Company's financial position and provided advice in relation to the insolvency options available to the Company.
Administrators' statement of proposals (2018-09-04) · Companies House register