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03
Jan
Last Updated: 02/01/2024
Business Breakfast: HMRC unlilkey to receive money from Masham brewery administration
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Unsecured creditors and HMRC are still expected to receive no money from the administration of Masham’s Black Sheep Brewery.
Both the brewery and its retail arm, BSB Retail, entered administration last year.
At the time, Teneo Financial Advisory, which was appointed to oversee the process in May, said it did not expect to have funds available to pay HMRC and unsecured creditors.
In an administrators update published on December 31, it said it still anticipates no money will be available.
The report details that the companies owed £1.3 million to HMRC and £1.5 million to unsecured creditors.
However, it added:
“On present information, it is unlikely that sufficient funds will be realised to enable a distribution to be made to unsecured creditors.”
Black Sheep was sold to London Investment firm Breal Capital for £5 million on May 26.
The deal was a part of a pre-packaged sale and the appointment of administrators, which the company said was “essentially to give protection to the companies and prevent any person taking action against it”.
Yorkshire Water sites win biosecurity accreditation
Yorkshire Water has won a bronze accreditation for its biosecurity.
The company has been recognised for three of its sites for combating the spread of invasive non-native species.
Tophill Low Nature Reserve, Swinsty Reservoir and Fewston Reservoir were each awarded AQUA accreditation in December.
The AQUA biosecurity accreditation scheme, run by the Bristol Zoological Society, work with waterway users to help them combat the threat of invasive non-native species such as fish, invertebrate and plant species
Steph Bradbeer, senior ecologist for Yorkshire Water, said:
“We are delighted to have received Bronze AQUA accreditation, reflecting all the great work done on these sites by Yorkshire Water staff and volunteers. It’s a fantastic achievement but the work doesn’t stop here, we’ll be working to achieve silver and hopefully gold.
“Yorkshire Water is committed to preventing the spread of invasive non-native species and protecting the environment. As we celebrate the achievement of these Bronze AQUA awards, we look forward to working towards further sites being accredited and educating the public on understanding their role in preventing the spread of invasive non-native species.”
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