Everyone goes around company house for drink (7)
I believe the answer is:
alcohol
'for drink' is the definition.
(alcohol is a kind of drink)
'everyone goes around company house' is the wordplay.
'everyone' becomes 'all' (all people).
'goes around' is an insertion indicator.
'company' becomes 'co' (abbreviation).
'house' becomes 'ho' (abbreviation for house).
'co'+'ho'='coho'
'all' placed around 'coho' is 'ALCOHOL'.
(Other definitions for alcohol that I've seen before include "To a position aboard" , "solvent" , "Drug" , "Intoxicating liquid" , "Intoxicating element of liquor" .)