A popular Queensland independent craft beer brewery company has collapsed and gone into voluntary administration.
Brisbane-based Ballistic Beer Company entered voluntary administration on January 24, financial watchdog ASIC records confirmed.
Jason Stone and Paul Allen from the accounting firm PKF in Brisbane have been appointed as administrators.
The business started in 2016 and now boasts both physical venues and an online store.
9news.com.au has contacted Ballistic Beer Company and PKF in Brisbane for comment.
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It comes after fellow independent brewery Easy Times based in Queensland also entered voluntary administration.
The business entered voluntary administration in September 2022 to “restructure and re-finance” the company.
Easy Times has since bounced back from administration, ending the control of the administrators and appointing new directors in November 2022.
Fans of Ballistic Beer Company posted on social media hoping the business can “come out the other side and stronger” like Easy Times.
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