HSBC to Lose £17m in Brewdog Collapse
Administrators said lower-than-expected asset sales and higher costs left many creditors facing little or no recovery, while 200,000 investors saw their shares become worthless.
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8 Articles
The Independent
Western Morning NewsBrewdog staff owed £490k in wages won’t receive a penny after beer giant’s collapse
Hundreds of former workers are owed around £489,000 in employee wages arrears and holiday pay
HSBC to lose £17m in Brewdog collapse
HSBC is set to lose out on more than £17m as part of the administration of Brewdog, the craft beer firm which was sold to a US cannabis group earlier this year. The bank is set to suffer a shortfall of £16.8m from its debts to the collapsed brewer while its Equipment Finance arm is [...]
BrewDog Creditors Face Under 1p in the Pound After Tilray’s £33 Million Deal
Unsecured creditors of BrewDog plc are expected to recover less than one penny for each pound owed, while former staff and creditors of its bar business are set to receive nothing, according to a new administrators’ progress report. The figures expose what Tilray Brands bought for £33 million in March—and what it deliberately left behind.…
Administrators say about £489,000 was owed for staff wages and holiday pay and £2.4m was owed to HMRC for unpaid VAT.
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