Mighty Drinks To Go Into Administration

Mighty Drinks, the Leeds-based vegan milk brand, has announced that it has gone into administration

The company cited a number of challenges over the past year, including rising costs and “fragile consumer confidence.” According to the brand this has made it difficult to turn a profit or expand.

James Clark and Howard Smith of Interpath have been appointed as joint administrators. “We will now work with the company’s stakeholders to explore the options available, including seeking offers for the business and its assets, including the Mighty brand and related intellectual property,” said Clark in a statement sent to the press. “We invite any parties who may be interested in acquiring the business to contact us as soon as possible.”

Over the last few years a number of alternative and vegan foods have gone bust.  In the past they were regarded as high growth businesses in a burgeoning sector and so finding finance wasn’t too difficult.  However there has been a sharper focus on profitability recently.

Recent failures

Allplants: November 2024.

​Plant and Bean: June 2024

Vbites: December 2023