|Owed £5 million by Cains|
The brewery and land are leased from a different company, which is also owned by the Dusanj brothers who hope to redevelop the buildings and site into a brewery village: they intend to restore the original Grade II listed building to house a craft brewery, a hotel, digital studios, a delicatessen-type food hall, independent shops, a sky bar on the roof, and a supermarket with flats above. I'll believe it all when I see it.
Two bankruptcies in five years is not a good record, but in both cases the material assets were safely allocated to a separate company that put them safely beyond the reach of the liquidators, so don't expect to see the brothers turning up at Toxteth jobcentre in the near future. In their wake they leave a sacked workforce, a discredited brewing name and a lot of creditors out of pocket, some of them small businesses.
There is around £100,000 worth of beer in vats in the brewery that will have to be destroyed; now that the workforce has been sacked, I suppose there's no one to finish it off and sell it. They are, apparently, negotiating a deal to have Cains beers brewed elsewhere under licence but, as I've asked a couple of times recently, with the decline in quality in recent years, will anyone be interested?