Skip to main content

Actual Brewing Lost $558K Last Year, Bankruptcy Filings Show

Submitted by jhartgen@abi.org on

The financial picture at Actual Brewing Co. is coming into focus as investors and backers sort out its future, Columbus (Ohio) Business First reported. The Columbus-based brewery last week filed for chapter 11 protection in U.S. Bankruptcy Court in Columbus after ousting founder and CEO Fred Lee in the wake of sexual assault allegations. Financial documents filed in the bankruptcy case show Actual lost $558,080 in 2018 on $341,432 in sales. A tax return filed with the court showed a $255,225 loss in 2016 on $359,421 in sales. No financials for 2017 have been disclosed. The company reported assets of between $500,000 and $1 million, against debts of between $500,000 and $1 million in the bankruptcy filing. The largest unsecured claim against the company is a $100,000 loan from Dublin resident John Dilley. Four other smaller loans from individuals are listed.