A LOCAL company specialising in mead has gone into liquidation following the loss of a major customer earlier this year.
Viking Mead Ltd has ceased trading after struggling with profitability.
Brian Milne was appointed as provisional liquidator of the company on 7 August.
Viking Mead, which was headed by Alistair Morgan, recently launched a crowdfunding campaign to raise investment in the business and expand its reach.
Craig Allison of French Duncan Chartered Accountants said there were “no employees as at the date of Brian’s appointment, other than the directors, and we are working to value and dispose of any assets”.
He also took over Unst’s Valhalla Brewery in 2017 and both brands are currently made on the island.
Become a supporter of Shetland News
Shetland News is asking its many readers to consider start paying for their dose of the latest local news delivered straight to their PC, tablet or mobile phone.
Journalism comes at a price and because that price is not being paid in today’s rapidly changing media world, most publishers - national and local - struggle financially despite very healthy audience figures.
Most online publishers have started charging for access to their websites, others have chosen a different route. Shetland News currently has over 380 supporters who are all making small voluntary financial contributions. All funds go towards covering our cost and improving the service further.
Your contribution will ensure Shetland News can: -
- Bring you the headlines as they happen;
- Stay editorially independent;
- Give a voice to the community;
- Grow site traffic further;
- Research and publish more in-depth news, including more Shetland Lives features.
If you appreciate what we do and feel strongly about impartial local journalism, then please become a supporter of Shetland News by either making a single payment or monthly subscription.
Support us from as little as £3 per month – it only takes a minute to sign up. Thank you.Support Shetland News