00:00 Hi, Chris Byrne here, Yorkshire Post Business and Features Editor. I'm here at Black Sheep
00:07 Brewery in beautiful North Yorkshire where I've just been talking to the new CEO of a
00:14 group of companies called Keystone Brewing who have taken over Black Sheep. For those
00:20 who aren't aware, last year Black Sheep went into a pre-pack administration deal and was
00:26 bought out of that by a firm called Breel Capital. Breel's gone on to take over a number
00:32 of other breweries across the country with Black Sheep as effectively its first anchor
00:37 tenant and the hope is that this brewing group can ultimately be worth £100 million in revenue
00:45 by 2028 with further acquisitions on the cards. Now when Black Sheep went into administration
00:51 there was a bit of controversy around it, shareholders lost out, lost everything they
00:57 had and the tax man and creditors lost out too. Mark Williams says that the state of
01:03 the business was such that it was either their deal or essentially the business would have
01:10 gone out of existence and that this was the best outcome. The hope is that Black Sheep
01:15 is going to have a much brighter future ahead.
01:18 [BLANK_AUDIO]
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