Business advisory firm Quantuma has rescued Swansea-based Boss Brewing Company Ltd (Boss Brewing) through a pre-pack sale. The administration was led by Gary Thompson and Michael Kiely, both managing directors at Quantuma.
An award-winning brewery, the company saw early rapid growth and success following its incorporation in 2014. It built an impressive brand and a firm customer base, with a turnover of nearly £700,000 in 2020.
Following the effects of Brexit on trade with the European Union, coupled with the Covid-19 pandemic and the national lockdown, the company saw its sales and profits cease almost overnight. With the cost-of-living crisis affecting businesses and individuals nation-wide, customer demand for products reduced while trading costs increased, causing the company significant financial distress.
The successful sale has now ensured the survival of Boss Brewery, and its single factory site will continue to operate as a result. Its eight members of staff will continue to keep their roles as no redundancies have been made.
Gary Thompson, managing director at Quantuma, said: “Our priority is to achieve the best outcome for Boss Brewery and the pre-pack sale was the way to ensure its longevity. The company faced a barrage of obstacles, but, not only has the sale saved the brewery, but ensured the continuation of jobs for all eight employees. It is rewarding work to help keep a previously successful enterprise running, and we’re proud to have played a part in the journey of this fantastic Welsh brewery.”
