BusinessBusiness RecoveryTax bill forced brewery administration

Tax bill forced brewery administration

Cains Brewery has gone into administration after failing to pay its tax bill

Liverpool-based
Cains
Brewery
has been unable to negotiate a loan agreement with the Bank of
Scotland in an effort to pay off its tax bill after it had already experienced a
drop in profits because of rising costs and the smoking ban.

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

‘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,’ he
said.

Further reading:

Read
the Manufacturer story

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