Gin firm owed more than £1.6m to creditors when administrators called in
Stricken Leicester gin distiller and retailer Burleighs owned creditors almost £1.6m when it called administrators in, according to documents seen by TheBusinessDesk.com.
Begbies Traynor were appointed to look after the day-to-day running of Burleighs Gin in early December after appointing two notices on intention (NOIs) to appoint administrators in November.
Now, new documents released by Begbies Traynor show that creditors could miss out on £1.58m owed to them.
Among that number is Autarky Ventures, which is owned over £850,000, the FSE Group, which secured a £250,000 investment for Burleighs through the Midlands Engine Investment Fund in 2021, and HMRC, which is owed almost £300,000.
At the beginning of November, Burleighs Gin temporarily closed its distillery.
Reports in mid-December suggested that a buyer has come forward to rescue Burleighs. However, an anonymous creditor contacted TheBusinessDesk.com to tell us that they had been told the business was to be liquidated.