Innis & Gunn collapsed owing £20 million – Daily Business

Innis & Gunn was hit by rising costs

Scottish brewer Innis & Gunn owed creditors almost £20 million when it collapsed into administration, according to new documents.

The Edinburgh-based company had 200 business creditors when it failed as a result of rising costs that led to the loss of 100 jobs.

Administrators Christopher Bennett, Oliver Wright and Samuel Ballinger of FTI Consulting were appointed as joint administrators last month.

They sold Innis & Gunn’s intellectual property and some assets to Irish cider and Tennent’s owner C&C Group for just £4.5 million.

“The transaction reflects the best offer received,” they said. The brewery in Perth and the head office in Edinburgh ceased trading, along with three taprooms.

The administrators’ report said £19.58m was owed to secured and unsecured creditors, including £15.33m to unsecured creditors.

The group reported losses of £2.368m in 2024 which had narrowed to £982,000 in 2025.

Creditors included Majestic Wine Warehouses Ltd which was owed £48,737, the events firm Unique Assembly, owed £27,600, and drinks firms including Bellhaven, which was owed £4,727.

The Ubiquitous Chip in Ashton Lane in Glasgow was listed as being owed £8,550 and City of Edinburgh Council £3,158.

The report says: “We expect there to be a return to the shareholders of Holdco (Innis & Gunn Holdings Limited) as there will likely be a material surplus in the administration estate once dividends have been paid to the unsecured creditors.

“However, shareholders should note that the surplus funds will be distributed in accordance with the articles of Holdco. As such, only the Class C Ordinary shareholders will receive a dividend.”

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