Crimson Dynamo
23-03-2026, 06:35 PM
The once-rebel craft beer empire founded by James Watt has officially been placed into administration after racking up debts exceeding £500 million (£553.8m owed to creditors).
A pre-pack rescue deal to US firm Tilray for £33m (brewery + 11 bars) left a £480m shortfall.
Thousands of small investors who bought shares through the heavily-
promoted “Equity for Punks” crowdfunding scheme have been told their
stakes are now completely worthless.
38 pubs closed and 484 staff made redundant.
The anti-establishment brand that once valued itself at £2bn is in ruins.
£500 million pound debt...wow
James Watt and wife Georgia Toffolo (below)
https://pbs.twimg.com/media/HEHIDegacAEbx2A?format=png&name=small
A pre-pack rescue deal to US firm Tilray for £33m (brewery + 11 bars) left a £480m shortfall.
Thousands of small investors who bought shares through the heavily-
promoted “Equity for Punks” crowdfunding scheme have been told their
stakes are now completely worthless.
38 pubs closed and 484 staff made redundant.
The anti-establishment brand that once valued itself at £2bn is in ruins.
£500 million pound debt...wow
James Watt and wife Georgia Toffolo (below)
https://pbs.twimg.com/media/HEHIDegacAEbx2A?format=png&name=small