HOP Stuff Brewery Limited (08471474): administration
- Status
- Administration ended
- Administration began
- 2019-07-12
- Administrators
- Neil David Gostelow, William James Wright
- Administrators' firm
- KPMG
- Incorporated
- 2013-04-03
- Location
- London
- Industry
- 11050 Manufacture of beer
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
- Parent or group failure
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The Company was founded in 2013 by Nicholas James Yeomans. It operated as a craft beer brewery producing beers and ales under the Hop Stuff brand. The Company’s brewery and registered address is located in Thamesmead in South East London.
By the date of our appointment as Joint Administrators, the Company had incorporated three fully owned subsidiaries (Taproom SE8 Limited, Taproom TN23 Limited and Yeomans Pubs and Bars Limited), each of which operated a taproom in the South East. We refer to the Company and its subsidiaries collectively as the ‘Group’ in this report. Please refer to the SIP 16 disclosure at Appendix 7 for more information on the Company’s group structure.
The Group was inextricably linked operationally, with the taprooms dependent on the supply of craft beer from the brewery in order meet their customers’ demands, and the brewery dependent on producing craft beer for the taprooms to drive volume through the brewery in order to contribute to the fixed cost base of the brewery.
Administrators' statement of proposals (2019-08-12) · Companies House register