'Insufficient funds' to pay Brewdog creditors after takeover deal

Several creditors of collapsed Scottish beer giant Brewdog are not expected to receive anything from the administration process.

A report from administrators AlixPartners said there were "insufficient funds" for payouts from Brewdog's retail arm - including £2.4m owed to HMRC for unpaid VAT.

Brewdog had also owed £489,000 for wages and holiday pay, which will not be paid through the administration process. Staff have instead received compensation from the UK government's Insolvency Service.

The Aberdeenshire-based brewer had more than £500m of debts when it was sold in March to US drinks firm Tilray in a £33m rescue deal.

From a £1bn dream to a brutal collapse: How Brewdog hit the rocks

BrewDog's takeover saw 38 bars close across the UK and £20m in unpaid bills left to hundreds of UK businesses .

Unpaid businesses ranged from coffee shops, bakeries and laundry services, to lawyers, councils and holiday parks.

Creditors included West Ham United FC, Lord's Cricket Ground and Manchester University.