Staff have been made redundant at Burleighs Gin, after the Leicestershire-based firm entered administration in December.
A sale had been eyed for the business by Christmas, with hopes that it would start the new year under new ownership.
Following the appointment of David Elliott and Bai Cham, of Begbies Traynor, as joint administrators on 5 December 2022, a preferred bidder was selected.
However the joint administrators are reportedly still liaising with the purchaser to complete the sale following delays, with Burleighs Gin Distillers Limited now identified as the frontrunner.
Darren Gould, a former director of Burleighs’ holding company, resigning in 2021, is director of the new company hoped to rescue the business.
Previous documents from the administrators indicated that creditors could miss out on over £1.5m owed to them.
