Black sheep go into administration

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T&R Theakston Ltd is an independent, family brewing company founded in 1827 located in the Yorkshire Dales market town of Masham, North Yorkshire. The company is controlled and run by direct descendants of the founder Robert Theakston.

Today, Black Sheep continues to champion its independence and remains with Paul Theakston's family with his sons Rob and Jo playing key roles in the brewery's daily operations.
In 1992, Paul Theakston took a daring leap into the unknown. As a fifth generation brewer of his family company, he chose to leave T&R Theakstons following its sale to a national brewery. Instead, he chose to champion independent brewing in Yorkshire and built his own brewery in the very same town, Masham.

Paul is the Black Sheep.

There was a fallout in the family re the sale of Theakstons which has since been bought back into the Theakston family
Paul considered himself the Black Sheep of the family hence the name
 
Very disappointing news although I read yesterday that they were in talks with six or seven potential bidders and are optimistic that the business can be saved. Lets hope so.
 
Black Sheep was built up & well run by Paul for many years.
Seems like the younger family members did not have the same business sense as him.
Unfortunately.
 
Harsh considering a pandemic, brexit, cost of living crisis and a decreasing customer base, both outlets and consumers. I suspect Paul had it easy.
 
Breal Capital, the ultimate parent company, was the purchaser. The company is now Black Sheep Brewing Company Ltd and appears the sale went through in May.

Looks like they've mortgaged to an affiliated company and debentured it up to the eyeballs at first glance so points to PE.

Hopefully they are all just local Masham lads that want to see their hometown brewery survive.
 
Has a cracking pint of Respire at the Yorkshire Show last week, I love Black Sheep, hope it survives.
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