Nicola McGilvray alleges she is owed over $100,000 by the Invercargill Brewery Company.

Invercargill Brewery Ltd will brew another day with a new owner, but one creditor is hopping mad.

The craft brewer, which according to Companies Office records was 53 per cent owned by Steve Nally, went into receivership on March 5.

In an emailed statement to Stuff, former Southland Chamber of Commerce president Sean Woodward has said following the receiver's appointment, family members of Steve and Amanda Nally banded together to put in offer to allow Invercargill Brewery to continue, bringing in new management which would allow Steve to concentrate on brewing.

JOHN HAWKINS/STUFF Steve Nally is not talking about the demise of their business, saying it's up to receivers.

Woodward said the company's issues stemmed from "under capitalisation". He thanked the creditors for their "amazing support", and said any trespass notices were issued by the receiver.

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But creditor, Nicola McGilvray, whose company Weldtech is owed over $100,000, was not happy.

ROBYN EDIE/STUFF The collapse of the Invercargill Brewery has left creditor Nicola McGilvray upset.

Weldtech specialises in equipment for craft breweries. It had been servicing the southern craft brewer for several years.

She feared the money owed to her company was never going to be paid and did not want to be involved with the firm again.

In 2016, the McGilvrays noticed payments for rental equipment from the Southland craft beer maker stopped coming.

The McGilvrays hit them up, and was sold bottling equipment valued at $60,000 to be leased back to the brewers. Again, the debts mounted up. This time the Nallys sold Weldtech a refrigeration unit, which McGilvray says was also worth $60,000.

When she found out the company was going into receivership, McGilvray said she took action and went down to the premises where her equipment was.

"I told them I was going to come in and get it. I showed up, and they trespassed me," she said.

She was then told the equipment was owned by the bank, not Weldtech.

Dunedin based receiver, Trevor Laing, did not directly answer a question of whether the Nallys were planning to buy the company back.

"We have signed an agreement to sell off the assets, it's not to the Nallys," Laing said.

"We have some legal issues to work through, some of them are with [McGilvray]."

* CORRECTION. An earlier version of this story stated that former Southland Chamber of Commerce president Sean Woodward had said he would be buying Invercargill Brewery, through his company The Fixer Ltd. That was incorrect. Members of the Nally family have funded the acquisition and will own the new business, while Woodward will manage it. The error is regretted.