Clare Brewing Company Limited (07356077): administration
- Status
- Administration ended
- Administration began
- 2014-03-18
- Incorporated
- 2010-08-25
- Location
- Cambridge
- Industry
- 11050 Manufacture of beer
Why it went into administration
- Loss of key people
From the administrators' statement
Clare Brewing Company Limited ("the Company”) was incorporated on 25 August 2010 to acquire the assets of Nethergate Holdings Limited an unrelated Company which had been trading as Nethergate Brewery for many years it commenced trading on 30 September 2010.
in the first tvelve months of trading the Company incurred significant expenses reorganising the business but was able to gradually increase the turnover and make progress towards the management team's business plan
In September 2011 the Company raised additional capital from its shareholders to cover the losses it had incurred in the first period of trading, however in the following year ended 30 September 2012 the Company increased its turnover and margin and reduced its annual losses from £249,000 to £55,000 Additional capital was again raised which was used to introduce a new director and pay additional salesmen and by March 2013 the Company was making small profits and predicting a profit for the year ended 30 September 2013 of £60,000
Administrators' statement of proposals (2014-05-07) · Companies House register