Gold Coast-based craft beermaker Black Hops Brewing looks set to be placed into liquidation and its assets sold off after failing to secure a rescue proposal from the brewer’s directors, as the administrators revealed that the company could have been insolvent as far back as December 2022.
But the company, which collapsed on 28 March this year with debts of $7.32 million, has drawn interest from multiple parties who have lined up to secure its assets with a sale contract expected to be secured within days.
The administrators have concluded that Black Hops Brewing is presently insolvent and that in the absence of a deed of company arrangement (DOCA) being put forward by the directors, creditors would be best served if the company is w…
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