West Berkshire Brewery in talks with 'interested third parties' about a potential sale
Talks are currently taking place with a “number of interested third parties” about the potential sale of West Berkshire Brewery.
There have been reports that the company was about to enter into administration, but stakeholders have been assured today in an email – that has been seen by newburytoday – that it “is not currently in administration”.
The email confirmed that the company filed a further ‘Notice of Intention to Appoint’ administrators at court this morning (Tuesday), but said it was to allow the directors more time to speak to those interested in buying the business and assets of the company and to attempt to conclude a sale.
“A sale is being pursued to seek to preserve the business as a going concern and such a sale will be in the best interests of the creditors of our company,” the stakeholders were told.
The email, signed by David Bruce, executive chairman of The West Berkshire Brewery PLC, added: “We are currently in discussions with a number of interested third parties and I will be able to provide a further update shortly.
“With many thanks for your continuing patience and understanding at this critical time for our company.”
Mr Bruce was unavailable for comment when contacted by newburytoday.