Finbarr O’Connell and Colin Hardman, of Evelyn Partners LLP, have been appointed joint administrators of craft brewery Brew by Numbers.

Brew By Numbers logo

The brewery remains trading while the joint administrators conduct a sale process of the business.

Brew by Numbers is well established, operating as a microbrewery with a taproom in London and an e-commerce sales channel. It was founded in 2011. The original brewery and taproom opened in Enid Street, at the heart of the popular Bermondsey Beer Mile.

In 2021, it moved its main production to a new brewery in Morden Wharf, Greenwich, and added a 400-person capacity taproom on the banks of the River Thames.

Despite developing a loyal following from craft beer fans, Brew by Numbers has faced difficult trading conditions in recent years due to a combination of the pandemic and escalating prices.

Finbarr O’Connell said: “Brew by Numbers is renowned for their offerings of high-quality and distinctive beers. As joint administrators, our primary objective is to preserve the company’s operations and ensure the continuity of employment for its dedicated workforce.

“We remain committed to overseeing the operations of Brew by Numbers whilst conducting a sale process to pursue a resolution that maximises value and ensures the continued success of the business.”

Colin Hardman added: “Craft breweries are increasingly finding that they need to reassess their pricing strategies and explore avenues for improving cost efficiencies without compromising the quality that sets them apart. Collaborations and partnerships within the industry could provide opportunities for mutual growth and help address the financial challenges collectively.

“This brewery is very popular amongst its customers. As such, we anticipate a lot of interest in acquiring this iconic brand.”

The joint administrators continue to trade the business, the taproom at Morden Wharf, and sales through the website as normal, with as little disruption as possible. During this period, they are also conducting a sales process and would ask that any interest in the business is registered with the joint administrators as quickly as possible by emailing devina.patel@evelyn.com. The deadline for expressions of interest is 23rd June.