Wayward Brewing and the Local Drinks Collective (LDC) distribution company they launched with Batch Brewing Co in 2022 have exited a period of voluntary administration with the existing owners still in charge.
The news comes just over three weeks after they entered voluntary administration, looking to return the two operations to a cash flow positive state, describing the move as the last stage of restructuring the business. After a creditors’ meeting on January 24, the owners of the Camperdown-based brewing company agreed to pay ten cents on the dollar to creditors.
Peter Philip, director of both companies, told The Crafty Pint that today’s decision secures the jobs of his employees, and said it was very much business as usual for Way…
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