Verstehen
Community-owned GlenWyvis Distillery in the Highlands intends to call in administrators
Überblick
GlenWyvis Distillery Ltd, the operators of the world's first 100% community-owned craft whisky distillery near Dingwall, has filed a notice of intention to appoint administrators at the Court of Session in Edinburgh. The decision follows commercial, operational, and legal challenges, alongside rising operating costs and tough whisky market conditions. Interpath Advisory has been nominated as joint administrators, providing a 10-day period of protection while next steps are considered.
Wichtige Punkte
- GlenWyvis Distillery Ltd has filed a notice of intention to appoint administrators at the Court of Session in Edinburgh.
- The business cited commercial, operational, and legal issues, rising operating costs, and difficult conditions in the whisky market.
- Launched in 2015 with around 3,000 investors, the distillery released its first whisky in 2021.
- The filing provides a period of protection for up to 10 days while the company determines its next steps.
- Interpath Advisory has been nominated as joint administrators for the process.