Ailing brewer Black Sheep sets deadline for rescue bids

May 03, 2023

Bidders for one of Yorkshire’s most famous breweries have been given until the end of this week to save it from collapse.

Sky News has learnt that advisers to The Black Sheep Brewery have asked a number of interested parties to table offers on Friday, days after it filed a notice of intention to appoint administrators.

The company, which was founded by Paul Theakston in 1992, produces its eponymous and Golden Sheep ales, Milk Stout and a beer called Riggwelter.

It has lined up Teneo Financial Advisory as administrator, although it could seek to delay its formal appointment if a rescue deal becomes viable.

Brewing industry sources said a range of financial and strategic investors were expected to show an interest in acquiring Black Sheep’s assets.

Until last month, it had been running a sale process to find a buyer for the company itself.

Charlene Lyons, Black Sheep Brewery’s chief executive, said this week that the company remained hopeful of finding a saviour.

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“The business has been hit very hard by the pandemic and the sudden rise in all costs.

“It has been the perfect storm, but the team are confident that with a new structure Black Sheep will thrive and grow as the team set course in a new direction.”

The founder’s son, Rob, is the brewer’s managing director.

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