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.
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
‘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
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children