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Former BrewDog employees have lost nearly £500,000 in unpaid wages and holiday pay due to insufficient funds during the company’s winding-up process. Administrators AlixPartners blame this on unexpected costs from removing squatters and failed pub sales after Tilray's acquisition of BrewDog for £33 million earlier this year. This acquisition led to the closure of 38 pubs and layoffs of 484 staff members, with employees losing their jobs in a brief online call deemed "morally repugnant" by Unite union.
Written locally by qwen2.5:14b on 2026-09-19,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
BrewDog PLC, a Scottish beer company that went into administration earlier this year with debts exceeding £500 million, has reported insufficient funds to repay around £489,000 owed to former retail employees for wages and holiday pay. The report from administrators AlixPartners states that costs were higher than anticipated due to expenses related to securing closed pubs against unauthorized entry. Creditors also face significant losses; unsecured creditors are expected to recover less than a penny on the pound of what they are owed, with one creditor group owing £190 million likely receiving nothing. The company’s assets and brand were sold in March for around £33 million by US drinks firm Tilray, which did not include most of BrewDog's bars leading to 440 job losses. Additionally, the investments of over 200,000 crowdfunding "Equity Punk" investors became worthless as part of this deal.
Written for “BrewDog Collapse Debt Issues” on 2026-10-04,
grounded in this article and the 3 other(s) covering the same event.
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Former BrewDog staff have lost out on nearly £500,000 owed to them by the collapsed craft beer giant.
Administrators AlixPartners has reported that, six months into the firm’s winding-up process, there are ‘insufficient funds’ to pay ex-employees £489,000 in wage arrears and accrued holiday pay.
asserted
AlixPartners → see → arrears
US drinks and medical cannabis firm Tilray took over the brewer in a £33million deal in March after BrewDog went into administration with debts of more than £500million.
asserted
BrewDog → take → 500million
The sale saw the business, which was headquartered in Ellon, Aberdeenshire, shut 38 pubs and lay off 484 employees.
asserted
which → see → employees
The holdings of 200,000 crowdfunding ‘Equity Punk’ investors, who helped grow the craft beer chain in the 2010s by buying shares in exchange for merchandise and discounts, became worthless.
asserted
who → help → merchandise
Brewdog was wound-up earlier this year with staff informed of job losses during a 15-minute online call
Staff lost their jobs during a 15-minute online call in March, a process branded ‘morally repugnant’ by the Unite union.
asserted
Staff → wind → union
Staff left the brewery without holiday or overtime pay and proposals published in March by Alix suggested they would get some of the money they were owed.
uncertain
they → leave → money
The administrators blame their inability to find the cash on poor returns from the sale of the closed bars plus extra costs from paying property managers and evicting squatters.
asserted
administrators → blame → squatters
In a report to Companies House, AlixPartners said: ‘Administrators worked alongside landlords and agents to remove the squatters, but the unexpected security and court measures directly reduced net funds available from the retail estate.’
asserted
measures → say → estate
The report also noted the sale of several BrewDog pubs fell through at the last minute, racking up expenses for legal advice and site management.
asserted
sale → note → advice
HSBC will also lose out on £16.8million it paid to the brewery and the taxman will not be able to recoup £2.4million of unpaid VAT, PAYE and National Insurance.
asserted
taxman → lose → VAT
Unsecured creditors owed £207.6million by BrewDog Retail Limited will receive nothing, while Alix warned creditors of parent company BrewDog PLC they will recover less than 1p for every pound they are owed.
asserted
they → owe → pound
Reality TV star Georgia Toffolo this week posted images of a visit to Cluny Castle, Aberdeenshire, with husband, Brewdog founder James Watt
The TV star posted an image of her wearing a tartan dress to thousands of followers on Instagram
American private equity firm TSG, who pumped over £160million into BrewDog in 2017 to acquire a stake, should expect to receive none of the £27million it is owed, the administrators confirmed.
asserted
administrators → post → 27million
BrewDog PLC was still expected to pay HMRC £3.66million in tax liabilities.
asserted
PLC → expect → liabilities
Founded in 2007 by James Watt and Martin Dickie, the business was valued at £1billion in 2017 during a ‘craft beer boom’.
asserted
business → found → boom
But rising costs, falling consumer interest and allegations of poor working conditions brought multi-million-pound losses.
asserted
costs → rise → losses
Mr Watt, now married to reality TV star Georgia Toffolo, recently launched a bid to buy back the firm and revealed plans to start another brewery.
asserted
Watt → launch → brewery
Both he and Mr Dickie made £100million each from the business.
asserted
he → make → business
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