Somerset Ales Limited (10491001): administration
- Status
- Administration ended
- Administration began
- 2022-02-10
- Administrators
- Scott Graham Bastick, Mark Richard Phillips
- Administrators' firm
- Partnership Invoice Finance
- Incorporated
- 2016-11-22
- Location
- London
- Industry
- 11050 Manufacture of beer
From the administrators' statement
Over recent years, and despite Covid, the business has continued to grow its brand and has successfully achieved several awards for its product, both nationally and
The turnover of the business has been increasing; however, it has continued to lose money each month and has now reached the point of maximum brewing capacity with the existing equipment. Whilst the differing sales channels result in varying margins being achieved, it is unlikely that the margins could be significantly improved without a detrimental effect on turnover, leaving the business in a loss-
The ultimate controllers determined that they did not wish to inject the necessary funds to increase capacity with a view to reaching a profitable position and they no longer wish to support this business, and the withdrawal of this support renders the
Administrators' statement of proposals (2022-04-09) · Companies House register