Wild Beer Co. goes into administration

Just saw the announcement on LinkedIn:

Dear loyal customers, advocates, and friends,

It is with heavy hearts that we regret to inform you that as of today we have entered into a period of administration. The administrators are attempting to seek out potential buyers to acquire the business, however, at this time we have made the decision to halt any trading. We will continue to provide updates as and when it is necessary.

We would like to thank each and every one of you for your support and love for our brand. It has been a wild ten years and we are heartbroken to be in this position. We could see the potential for Wild Beer and we had ambitions to increase sales and brand exposure. We must sadly report that the company has been facing a number of adverse trading conditions including; Covid, the loss of export sales, spiraling production costs, damaging inflation, and an increase in interest rates that have all affected sales. These factors along with the recent cost-of-living crisis have impacted the company’s ability to succeed.

We would like to thank everyone who has supported us: those who have invested in our company; our amazing team; stockists; suppliers and everyone who has enjoyed our beers. We hope to resolve the current position shortly and will update you as soon as we are able to do so.

The Wild Beer Team.

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There's also the following message on their website:

Sam Talby and Rob Coad of Undebt.co.uk have been appointed as Joint Administrators of The Wild Beer Co Ltd with effect from 2 December 2022 and are managing the affairs, business and property of the Company. The Joint Administrators act as agents of the Company without personal liability. Sam Talby and Rob Coad are authorised to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales and the Insolvency Practitioners Association and are bound by the Insolvency Code of Ethics.

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I went ahead and marked them as closed with a note.