Cains brewery has today been wound-up, leaving over £8m worth of debt.
The company, situated in the Baltic Triangle and run by brothers Ajmail and Sudarghara Dusanj, closed in May but has today been the subject of a successful winding up order, reports the BBC.
£5m is owed to HMRC for unpaid taxes, with the remaining £3m owed to creditors. Over £100,000 worth of beer that’s been left in the brewery’s vats is to be destroyed.
Around 40 workers at the site have been reportedly told there’s no money for redundancies.
The Dusanj brothers, who have run the brewery since 2002, have plans (via a separate company) to redevelop and extend the Cains site as a multi-use space, the Brewery Village, including a cinema, shops and apartments. They bought back the brewery itself in 2008 after it went into administration a first time.