Beastly Brews, the Glasgow-based company behind the oat milk based cocktail drink, Panther M*lk, which was launched by Paul Crawford (former owner of the Sub Club nightclub in Glasgow) in 2020 has appointed Donald McKinnon of Wbg as provisional liquidator.
In its early days the company Crawford appeared on the BBC’s Dragons Den where he secured investment for Panther M*lk, which was sold directly to Amazon and to supermarket giants such as Asda and the Co-Op but recently deals with Tesco and Sainsbury’s fell through.
Beasty Brews employed seven staff and generated a turnover of circa £175k from Oct 24 to May 25. It ceased to trade, and all employees were made redundant prior to the provisional liquidator’s appointment.
Commenting on the events leading up to the liquidation, Crawford said, “We had invested in the production of stock in advance with the intention of supplying to Tesco and Sainsbury’s, but both arrangements fell through, leaving us with too much stock, the cost of production to account for, and, ultimately, cashflow difficulties as we sought to offset the stock, resulting in this unfortunate liquidation.”