Watkins Drinks Ltd trading as Mighty Drinks - Administration

Watkins Drinks Ltd trading as Mighty Drinks, a Leeds-based producer of plant-based milk products, entered administration on 17 June, with James Clark and Howard Smith of Interpath Advisory appointed as joint administrators.

The company was impacted by headwinds facing the dairy alternatives market, as well as an inability to obtain further investment from typical investors in the space or special situations investors, who were skeptical given the company’s early stage of development.

The joint administrators are seeking offers for the business and assets, including the Mighty Drinks brand and IP.