Iconic drinks brand Billson’s Brewery has been thrown a lifeline and avoided liquidation following a creditors’ vote on the future of the company today.
The company, which is housed in a 159-year-old brewery in Beechworth in north-east Victoria, went into administration in July.
A report from creditors McGrath Nicol published last week outlined three options for the company — an end to the administration, a deed of company arrangement or liquidation.
Administrators recommended the second option as it offered the best return for creditors.
Company owners Nathan and Felicity Cowan outside the historic brewery. (Supplied: Facebook)
In a statement on social media, owners Nathan and Felicity Cowan said they were “thrilled” to have secured…
