London-based Brew By Numbers has addressed rumours circulating over the future of the business and confirmed the future of its new site in Greenwich.

In a statement from founder Tom Hutchings, he said: “The hospitality industry has been facing significant challenges over the past few years due to increased costs and changes in consumer behaviour. 

“In response, we have relocated our business to a new site in Greenwich to expand and address the financial impacts of the pandemic. Regrettably, despite our best efforts, we have had to close our Bermondsey site due to the combined COVID-19 debt burden and the recent cost of living crisis.”

Moving forward, they confirmed that the business are in the final stages of securing a deal as part of a restructuring process that will bring in new investors with financial expertise to ensure their future success.

He added: “We have known these investors for several years, and they are all passionate about our brewery and eager to keep our team at the Greenwich site to continue brewing exciting and tasty craft beers. This will mean BBNo remains independent, whilst also aiming to keep our crowdfunding investors involved in our future. 

“For our customers, we really appreciate and value your continued support. We anticipate finalising the agreement soon and sharing more exciting news about BBNo!”