UK brewery plunges into administration – in business for 16 years | UK | News

A UK brewery in north London has collapsed into administration, according to an announcement in The Gazette. Philip David Reynolds and Anthony Collier, both of FRP Advisory Trading, were appointed joint managers of Redemption Brewing on 20 May. Redemption Brewing has been brewing beer in north London since 2010.

The business describes itself as one of the first names in London’s craft beer movement. It is also stated to be the first brewery in Tottenham for almost 100 years. The independent brewery produces a variety of cask ales and cask ales. Its drinks include Rhinelander, Solar, Trinity, Redemption Pale Ale, Hopspur, Fellowship Porter and Big Chief IPA. The company also produces limited edition beers for all seasons of the year, as well as beers produced by other breweries.

The collapse comes at a difficult time for pubs, breweries and hospitality firms in Britain. Historic Suffolk brewer Adnams has announced the permanent closure of one of its long-running stores as part of a major cost-cutting drive, more than 150 years after it first opened its doors. The brewery has announced that its store on Unthank Road in Norwich will close permanently on May 31 following a review of the retail space due to mounting financial pressures.

Many businesses have been hit by rising costs, including higher wages, energy bills and business rates. Pubs also warn customers are spending less as household budgets remain under pressure.

Figures from the British Beer and Pub Association cited by Sky News suggest 161 pubs closed in the first three months of this year. This is the equivalent of approximately two pubs closing every day.

The trade body said the closures led to the loss of about 2,400 jobs. It was also stated that the number of closings was 26 percent higher than in the same period last year.

Emma McClarkin, chief executive of the British Beer and Pub Association, said even pubs with large numbers of customers were struggling. He said profits were “erased” due to heavy taxes and huge costs.

He added: “For many people, the weight of taxes and regulatory costs has forced them to close up shop.”

The government said it was supporting pubs by reducing new business rates by 15% from April, freezing them for two years and increasing the Accommodation Support Fund to £10 million.

The Daily Express has reached out to the company for comment.