Sky News has learnt that advisers to The Black Sheep Brewery have asked a number of interested parties to table offers on Friday, days after it filed a notice of intention to appoint administrators.

The company, which was founded by Paul Theakston in 1992, produces its eponymous and Golden Sheep ales, Milk Stout and a beer called Riggwelter.

It has lined up Teneo Financial Advisory as administrator, although it could seek to delay its formal appointment if a rescue deal becomes viable.

Brewing industry sources said a range of financial and strategic investors were expected to show an interest in acquiring Black Sheep's assets.

Until last month, it had been running a sale process to find a buyer for the company itself.

Charlene Lyons, Black Sheep Brewery's chief executive, said this week that the company remained hopeful of finding a saviour.

"The business has been hit very hard by the pandemic and the sudden rise in all costs.

"It has been the perfect storm, but the team are confident that with a new structure Black Sheep will thrive and grow as the team set course in a new direction."

The founder's son, Rob, is the brewer's managing director.