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UK brewery enters administration as survival crisis mounts amid 'challenging costs'
FRP Advisory is seeking a buyer as the north London brewery keeps trading amid rising taxes and costs that have pushed three brewers a week to close, SIBA said.
- Redemption Brewing Company has entered administration, appointing FRP Advisory as administrators while continuing to trade and seeking a buyer to protect the brewery's 75 pubs across London.
- Financial difficulties deepened for the company, with its deficit rising from £632,151 in 2023 to £705,111 in 2024, alongside a net loss of £72,960 and an HMRC winding-up petition filed in January.
- The Society of Independent Brewers and Associates describes a "survival crisis" with around three brewers closing weekly, while FRP stated rising duty rates place a particular burden on independent brewers.
- Established in 2010, the brewery is a Tottenham community pillar known for brands like Hopspur and Big Chief, having supported the campaign to save The Antwerp Arms alongside Deputy Prime Minister David Lammy.
- Brewing operations face mounting pressure from VAT, employment taxes, and business rate hikes introduced late last year, forcing many pubs to switch to global brewing companies instead of independent suppliers.
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