Craft ale brewery and taproom Alphabet Brewing Company has gone into administration - and its administrator has warned that many other small breweries are facing cash challenges.
Manchester-based Alphabet was founded in 2014 and was known for ales including Juice Springsteen and Charlie Don't Surf. As well as its own venue in North Western Street, Alphabet supplied bars, restaurants, and retailers throughout the region.
Alphabet announced last week that it was closing. Now administrators from Begbies Traynor have confirmed they have been appointed to the business which they say has been experiencing financial difficulties in recent months.
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According to its latest set of accounts, Alphabet turned over £500,000 and employed 12 people.
Joint administrators Paul Stanley and Jason Greenhalgh also acted in the 2022 administration of Manchester-based brewer Beatnikz Republic, as well as the 2018 administration of Liverpool Organic Brewery.
Paul Stanley, regional managing partner at Begbies Traynor said: “After exploring all the options available the directors took the decision to place the company into administration. We’re currently working on maximising the return for creditors.
“Alphabet Brewing Company is a well-respected brand that has played an important role in the craft beer scene in Manchester.
“The regional craft ale industry faces huge challenges. Not only because of the inflation in the cost of raw materials and energy but the competition from multinational beer companies who have the ability to buy emerging brands and flood the market with them by producing them on a national scale.
“I’m certain more breweries face the same challenges as Alphabet.”
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