Greenwich-based Brew By Numbers says it is close to a deal to secure the future of its brewery at Morden Wharf, just a few days after it signalled its intention to appoint administrators.
The company filed a notice to appoint administrators on Friday, which gives Brew By Numbers ten days in which no creditor can take any legal action against it for outstanding debts, a story first reported by Just Drinks, a trade website.
The craft brewery said yesterday that “we are in the final stages of securing a deal as part of a restructuring process that will bring in new investors with financial expertise to ensure our future success”.
Brew By Numbers moved to Morden Wharf in 2021, a year after raising £530,000 in a crowdfunding initiative.
A statement on the company’s website added: “We have known these investors for several years, and they are all passionate about our brewery and eager to keep our team at the Greenwich site to continue brewing exciting and tasty craft beers.
“This will mean BBNo remains independent, whilst also aiming to keep our crowdfunding investors involved in our future.
“The brewery is still running as usual.”
However, the company, which was founded in 2011, did say that it had closed its premises in Bermondsey “due to the combined Covid-19 debt burden and the recent cost of living crisis”.
Brew By Numbers’ arrival at Morden Wharf was hailed as a major boost for the redevelopment of the old Tunnel Refineries site, where permission was later granted for 1,500 homes in towers of up to 36 storeys.
The brewery has hosted regular beer festivals in its taproom, which is on the site of an old pub, The Sea Witch, which was destroyed in the Second World War.
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