Beastly Brews, the Glasgow-based company behind oat milk-based cocktail drink, Panther M*lk, has appointed Donald McKinnon of accountancy firm Wbg, as its provisional liquidator.
Beastly Brews was established by Paul Crawford in 2020 to launch the ‘sustainable, plant-based alternative alcoholic beverage’, which was inspired by Spain’s traditional Leche de Pantera.
Crawford subsequently appeared on the BBC’s Dragons Den where he secured investment for Panther M*lk, which was sold directly to Amazon and secured listings with supermarket giants such as Asda and the Co-Op.
At its peak, Beastly Brews employed seven staff and generated a turnover of circa £175k from Oct 24 to May 25.
When it ceased to trade, all employees were made redundant prior to the provisional liquidator’s appointment.
Commenting on the events leading up to the liquidation, Crawford said: “We had invested in the production of stock in advance with the intention of supplying to Tesco and Sainsbury’s, but both arrangements fell through, leaving us with too much stock, the cost of production to account for, and, ultimately, cashflow difficulties as we sought to offset the stock, resulting in this unfortunate liquidation.”
McKinnon added: “It is sad to see the demise of such an innovative drinks company with such great potential.
“The company still holds stock, amounting to around 17,400 of bottles of varying flavours and we are currently exploring opportunities to dispose of this stock to interested parties.”
Anyone interested in acquiring Beastly Brews stock should contact Craig Allison at Wbg.
