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.
“PKF’s present intention is to carry on the company’s activities and to continue trading,” a PFK spokesperson said.
“We are reviewing the company’s operations, activities and financial position to enable us to provide an opinion on the company’s future.
“It is expected that a proposal will be received and that, if accepted, will see the company continue into the future.”
9news.com.au has contacted Ballistic Beer Company for comment.
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.
