BrewDog administrators say £190m in creditor debts will go unpaid

Administrators at AlixPartners have said funds are insufficient to repay BrewDog's creditors in full, with unsecured creditors receiving less than a penny in the pound.

• AlixPartners said creditors owed about £190m will not be repaid, citing limited asset sale proceeds and costs from unauthorised occupiers of shuttered bars.
• BrewDog's collapse followed Tilray's £33m March purchase of its brand and UK breweries, with 38 bars closed and 440 staff made redundant.
• Unsecured creditors, including West Ham United FC, Lord's Cricket Ground and Manchester University, are expected to receive less than a penny for each pound owed.
• The administrators stated that shares held by about 200,000 crowdfunding investors now have no value.