Phantom Brewing Co. owes £2.3M, closed two locations, and is restructuring after entering liquidation in December 2025.

Phantom Brewing Company, based in Reading, has revealed £2.3 million in debts after entering liquidation in late December 2025, closing its Henley bar and Reading taproom. The company cited an extended shutdown and plans to restructure and relocate to a new production facility. Administrators David Rubin and David Birne of Begbies Traynor confirmed £1.799 million in debt owed to director Dominic Gemski, £234,000 to HMRC for unpaid taxes, and over £30,000 to landlords Frankel Property Holdings. Nine employees have claims totaling £111,000. The company said it is rebuilding for a potential future relaunch, though no reopening date has been set.