There are ‘insufficient funds’ to pay unpaid wages, tax owed to HMRC and overdue bills, accountants say

Accountants picking over the remains of BrewDog, the “punk” beer company that collapsed earlier this year, have said that creditors who are owed about £190m will not be paid back.

In an update on their progress, administrators at AlixPartners warned there were “insufficient funds” to pay debts in full related to unpaid wages, tax owed to HM Revenue and Customs, and overdue bills from other businesses.