Popular Aussie craft beer company COLLAPSES after just six years in business
- Ballistic Beer Co plunges into administration
- Business has picked up a swag of medals
- However, administrators have been appointed
A well-known craft beer company has plunged into voluntary administration after just six years in business.
Ballistic Beer Co appointed administrators PFK Melbourne on Tuesday, according to documents with the financial regulator ASIC.
Co-founder David Kitchen told boutique beer newsletter The Crafty Pint the company’s directors and shareholders are restructuring the business.
A creditors meeting is listed for February 26. The Queensland company’s beers are still for sale online.
The business launched in 2017 and its tinnies have taken home a swag of accolades.
They include a series of medals from the 2021 Australian International Beer Awards – the largest beer contest in the world.
Ballistic Beer runs a series of breweries in Queensland, including in the Whitsundays, Salisbury and Springfield.