Wild Beer Co has confirmed it has entered into administration after what owners have described as “a wild ten years.” The Somerset-based brewery, which has a taproom located in Wapping Wharf in Bristol, ceased trading from December 2.
It was announced via the official company website which has been updated with a statement which reads: “Sam Talby and Rob Coad of Undebt.co.uk have been appointed as Joint Administrators of The Wild Beer Co Ltd with effect from December 2, 2022 and are managing the affairs, business and property of the Company. The Joint Administrators act as agents of the Company without personal liability.”
The company only celebrated its 10 year anniversary in August and gained rapport with the local community for being a hub of fine craft beer. But adverse trading conditions caused by the cost of living crisis and the Covid-19 pandemic has forced Wild Beer Co to shut its doors.
In a heartfelt statement that was posted on the Somerset brewery’s Instagram page, Wild Beer addressed its loyal Bristolian customer base when it said: “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.
It continues: “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, spiralling 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."