Wild Beer Co collapses into administration after rise in costs

Wild Beer Co has collapsed into administration after rising costs put a dent in sales.

The Somerset-based brewery, which runs a bar in Bristol, said on Monday it had ceased trading after ten years in business.

A statement posted on social media read: "It is with heavy hearts that we regret to inform you that as of today we have entered into a period of administration.

"We would like to thank each and every one of you for your support and love for our brand. It has been a wild ten years and we are heartbroken to be in this position. We could see the potential for Wild Beer and we had ambitions to increase sales and brand exposure.

"We must sadly report that the company has been facing a number of adverse trading conditions including; Covid, the loss of export sales, spiralling production costs, damaging inflation, and an increase in interest rates that have all affected sales.

"These factors along with the recent cost of living crisis have impacted the company's ability to succeed."

Wild Beer Co was founded in 2012 and was seen as one of the success stories of the craft beer movement.

It previously ran a bar in Cheltenham that closed in 2019, with the company blaming an increase in competition in the town.

Administrators from Undebt are seeking a potential buyer to acquire the business. The group's bar in Bristol's Wapping Wharf remains open as normal.