Cains brewery collapses with £8m worth of debt

The Baltic Triangle brewers is wound up, meaning a raft of job losses, millions owed to the taxman and £100k's worth of destroyed beer.

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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.

TAGGED AS cains

24 June 2013

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paul c

such a shame, commiserations to all the people who have lost jobs. this building has always looked like what i imagined will wonkas factory to look like.
Richard MacDonald

I volunteer to dispose of this beer in an organic and enviromentally sound way and fir this selfless act of civic responsibilty I ask for no pecuniary recompense, just some paracetamol and a day off work. Who’s with me?
Element 11

The beer was a bit rubbish, gutted for the workers. Hopefully with the amount of Micro Breweries popping up some will be able to slot into other roles.
Damo

Shame, Cains did some good brews. Any idea what will happen to the pubs?

And weren’t the current owners the previous owners who went into administration? And now they want to redevelop it?
Historic Liverpool

Such a shame. I did enjoy a Cains or two on occasion. I’m glad they’ve got plans for the building, but… a cinema, shops and apartments, ending in Village? I guess there’s nothing like an original idea.
Mattf

Why don’t they sell the beer off to try and pay for redundancies?
Lunctime O’Booze

They’ll be fine, past masters at this stunt…..sharks in suits IMHO however good the beer was. I hope the whiff of what they’ve done clings for a long time