KAIJU! Beer have become the latest brewery to enter voluntary administration, with the Melbourne indie brewers appointing DBA Reconstruction and Advisory to financially restructure the overarching business, South East Brewing Company.
Cofounder Callum Reeves told The Crafty Pint the decision was made due to the level of debt they have been carrying, including an excise bill owed to the Australian Taxation Office (ATO).
“I’m really confident about the business going forward; we’ve had a really good couple of months, it’s just we were never going to be able to work through the debt,” Callum says.
“This is going to be the best thing for all the stakeholders.”
Indeed, the last 12 months have brought many positives…
