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06
Jul 2023
Black Sheep Brewery makes redundancies at Masham office
Black Sheep Brewery has announced a “small number” of redundancies at its head offices in Masham.
In a statement, the brewery also said three of its pubs in Leeds and York would close with immediate effect.
A spokesperson for Black Sheep said the redundancies would be made in its retail arm.
Meanwhile, The Tap & Kitchen and Mr. Foleys in Leeds, along with The Last Drop Inn in York, will shut following an “extensive review" of the brewery.
A spokesperson said:
Read more:
- London investment firm buys Masham’s Black Sheep Brewery
- Suppliers owed £3m after Black Sheep Brewery sale
- Sale of Black Sheep Brewery prevented ‘local employment catastrophe’, says CEO
Breal Capital bought the brewery for £5 million on May 26 as part of a pre-package administration deal.
Teneo Financial Advisory, which was appointed as administrators of Black Sheep, revealed sales fell from a high of £19 million in 2019 to £14 million last year, which resulted in a £1.6 million loss.
It added the company’s performance “suffered during the covid pandemic and trading challenges continued as a result of the current economic environment”.
The move also left creditors, including HMRC and suppliers, owed nearly £3 million.
Following the sale, Charlene Lyons, who was kept on as chief executive of Black Sheep, warned that other breweries faced administration amid the current economic climate.
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