On 10 February 2022, Mark Phillips and Scott Bastick, Directors of SKSi were appointed joint administrators of Somerset Ales Limited which trades under the Quantock Brewery brand.
The Quantock Brewery is very well known, multi award winning micro-brewery based in Somerset. Their reputation for brewing unique flavours alongside traditional ales has led to them winning numerous awards and an ever increasing customer base, both within the trade and at their brewery tap and shop. Despite trading successfully throughout Covid lockdowns by offering an home delivery service, turnover was hit in their over the counter sales.
Commenting, Mark Phillips said:
“The business is at a point where it needs significant investment to increase their brewing capacity to meet demand and, as a result of the impact to finances of the Covid pandemic, the existing shareholders were not prepared to invest further which led to the Administration.
We have already exchanged contracts for the sale of the business and assets, some of which have already been transferred, including the operation of the tap room and shop, and online sales to the general public.
The administrators, with the assistance of the purchasers, will continue to operate the brewing and distribution to trade customers whilst the new company licence applications relating to the brewing are being processed.
The new owners of the brewery are Quantock Ales Ltd. They have already invested in the acquisition of additional brewing capacity to meet existing and known demand and have provided working capital in order that we can continue to trade whilst in administration.
I am confident that with their commitment the brewery has a bright future.”
Nainene and Katalin Urquhart, Directors of Quantock Ales Ltd said:
“We are hugely excited to be involved with Quantock Brewery, supporting the existing team to sustainably grow this vibrant beer brand. Investment is in place to ensure new brewing equipment will be in installed at the end of March, which will enable production to increase by a factor of three, giving the business a stable foundation to build for the future. We look forward to working with our customers and suppliers over the years ahead”.
Ends
For Further Information:
Mark Phillips,
Director SKSi
Email - This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel - 0204 509 1500
Media Enquiries: Trevor Phillips, Phillips Levene Partnership
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Tel - 07889 153 628
