Overview

• Mighty Drinks, known for its oat and pea milk alternatives, entered administration on July 4, appointing Interpath Advisory partners James Clark and Howard Smith to oversee the process.
• Consultants will evaluate offers for the brand and its intellectual property as the company shifts its goal from rapid expansion to sustainable profitability.
• Food and Drink Leader Tom Swiers said the company failed to attract further investment from both traditional and special situations investors at its development stage.
• Founded by brothers Tom and Nick in Leeds, Mighty Drinks grew from bathtub experiments into supermarket listings at Asda, Sainsbury’s and Morrisons.
• The administration highlights the broader challenges early-stage plant-based brands face under rising production costs and weakening consumer spending.