Brick Peckham Session

London’s Brick Brewery purchased by Breal Group

The assets of London’s Brick Brewery have been purchased out of administration by a company owned by Breal Group. It will continue to trade as Brick Brewery.

Brick Peckham Session

Brick Brewery Ltd entered administration on 2nd June as a result of trading difficulties encountered by the company, subsequent to the Covid pandemic, and including, but not limited to, significant energy and property cost increases.

The Breal Group has now acquired the assets of the brewery to secure the business for the long term, and this has saved the jobs and futures of the people that work there, and ensured that the unique flavours of Brick Brewery beers are not lost or forgotten.

The husband and wife team who created the company in 2013, Sally and Ian Stewart, will continue to ensure that the company’s strong ethos and values are preserved, in both the flavours of Brick products, and, as importantly, its community spirit.

“We are extremely fortunate to have found a partner in Breal that has not only saved us from certain closure, but also allows us to continue our journey as one of South East London’s favourite independent craft breweries,” said Ian.

“We were a family before and we’re a family still. We are passionate about our products, and we will continue to never compromise on quality and innovation to continue to be the trusted brand you know and love. We celebrate our 10th anniversary this year, one which seemed impossible only a short time ago. For the first time in a while, we look toward the future with optimism.”

Ian added: “It’s common knowledge in the brewing market that, in the last 12 months, 45 breweries entered insolvency in the UK, a three-fold increase on the previous year. It will be no surprise to anyone that the cost-of-living crisis has squeezed household disposable income.

“Small breweries are not immune from the effects of families being forced to tighten their belts, far from it, but for us at Brick our property costs have more than doubled in the last six years. These are quite incredible conditions to overcome.

“The Ukrainian conflict, leading to increased energy prices, hot on the heels of Covid, further exacerbated an already perfect storm within the hospitality sector and may not recover to pre-Covid levels for decades. I’m sorry to say that, unless the market improves significantly or further support is made available, many more pubs and breweries will fail.

“With our new partners, and loyal, generous customers’ continued support, we are certain to have a positive future ahead of us. I would like to assure you that the beers that you all love will continue to be brewed with the same level of passion from our fantastic team at Brick Brewery.

“We recognise that this is a difficult time for all stakeholders. Glen Carter and Damian Webb from RSM were appointed as the official administrators of Brick Brewery Ltd. They can be contacted via Amy Slee with any specific questions regarding the administration process.”

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