Cains Brewery falls into administration

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Manufacturing News, Source : TheManufacturer.com
Published : 08 Aug 2008 10:07

Liverpool-based Cains Brewery, against which HM Revenues and Customs recently filed a petition over an unpaid tax bill, has gone into administration.

The firm had been unable to come to a loan agreement with the Bank of Scotland in order to pay off the debt and had already been experiencing a drop in profits due to rising costs and the smoking ban.

PricewaterhouseCoopers is currently working with the company to ensure the brewery and its chain of pubs remain open while a new buyer is sought.

“Cains is a well-established business with a great brand and brewing facility which has been brewing ales since the mid-19th century,” said PWC partner and joint administrator David Chubb.

“We have already received some early indications of interest and we would also invite any parties interested... to contact us as soon as possible.”