Steven Muncaster and Sarah Bell of Duff & Phelps Ltd were appointed Joint Administrators of York Brewery Co.
Established in 1996 within the historic city walls, York Brewery is both a working brewery and a major tourist attraction providing customers locally and around the country with the first traditionally brewed ales from within the walls of York for over 40 years.
In addition, it operates four public houses; The Last Drop Inn, Mr Foley’s Tap House, The Three Legged Mare, The Yorkshire Terrier and a brewery tap room.
The brewery and associated pubs continue to trade while Duff & Phelps seeks a buyer and there has been no redundancies made to the workforce of 49 employees.
Steven Muncaster, managing director, Duff & Phelps, said: “While York Brewery is a popular destination for both locals and tourists, the company has unfortunately continued to face cash flow pressures as a result of difficult conditions which are affecting the leisure industry and pubs across the country.
“We are seeking a buyer and we encourage any interested parties to come forward as soon as possible.”