A UK brewery in north London has collapsed into administration, according to a notice in The Gazette. Philip David Reynolds and Anthony Collier, both of FRP Advisory Trading, have been appointed as joint administrators of Redemption Brewing on May 20. Redemption Brewing has been making beer in north London since 2010.
The business describes itself as one of the early names in London’s craft beer movement. It also says it was the first brewery in Tottenham in almost 100 years. The independent brewery makes a range of cask ales and keg beers. Its drinks include Rhinelander, Solar, Trinity, Redemption Pale Ale, Hopspur, Fellowship Porter and Big Chief IPA. The company also brews limited-edition beers for each season of the year, as well as beers made with other breweries.
The collapse comes at a tough time for pubs, breweries and hospitality firms across Britain. Recently, more than 150 years after first opening its doors, historic Suffolk brewer Adnams has revealed the date one of its long-running shops will shut for good as part of a major cost-cutting drive. The brewery has announced its store on Unthank Road, Norwich, will close permanently on May 31 following a review of its retail estate amid mounting financial pressures.
Many businesses have been hit by rising costs, including higher wages, energy bills and business rates. Pubs have also been warning that customers are spending less, as household budgets remain under pressure.
Figures from the British Beer and Pub Association, reported by Sky News, suggested that 161 pubs closed in the first three months of this year. That is equal to around two pubs shutting every day.
The trade body said the closures led to about 2,400 job losses. It also said the number of closures was 26 per cent higher than in the same period last year.
Emma McClarkin, chief executive of the British Beer and Pub Association, said even pubs with plenty of customers were struggling. She said profits were being “wiped out” by heavy taxes and huge costs.
She added: “For too many, the sheer weight of taxes and regulatory costs have forced them to shut up shop.”
The Government has said it is supporting pubs by cutting new business rates bills by 15% from April, freezing them for two years and increasing the Hospitality Support Fund to £10 million.
The Daily Express has reached out to the company for a comment.