Deeds Brewing have become the latest brewery to enter voluntary administration, with the Melbourne brewery appointing Deloitte Financial Advisory as administrators yesterday.
Cofounder Pat Al told The Crafty Pint that Deloitte are currently reviewing the business while he and fellow founder Dave Milstein continue at the helm, with the taproom remaining open, production continuing and the business operating as usual.
Pat says the decision was in large part due to an Australian Taxation Office (ATO) debt accrued during COVID.
That just puts a huge amount of pressure on the businesss cash flow, Pat says, adding that they had tried to negotiate longer payment terms with the ATO but been unable to come to an agreement.
He said they’d also…
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