Moffat Beach Brewing Pty Ltd Co is business as usual despite speculation
Moffat Beach Brewing Co have issued the following media release following speculation that the business had been placed into voluntary administration.
Co-founder and director of Moffat Beach Brewing Co Matt Wilson issues this statement in light of recent speculation and public interest in the financial position of Moffat Beach Brewing Co.
“It has come to our attention that there has been some speculation and public interest in the financial viability of Moffat Beach Brewing Co. This speculation is understandable given the number of breweries that have entered voluntary administration in the past twelve months.
It has been well publicised that the brewing and hospitality industry has been experiencing extremely challenging trading conditions over the past few years and our group of companies have not been immune to these conditions.
Moffat Beach Brewing Pty Ltd has not entered voluntary administration and continues to trade unimpeded.
However, over the past twelve months co-founders Matt and Sharynne Wilson have been restructuring their business interests and have made significant changes to the organisation and operation of their companies.
As part of this restructure the decision was made to place Blackwater Trading Pty Ltd into voluntary administration. None of our suppliers were monetarily affected by this action.