Audit firm PKF Consulting Ltd has put up the sale of the entire Britania Foods Limited, Kenya’s food and beverage Company business to clear debts owed to its suppliers.
In a notice published in the dailies, Peter Kahi, the Administrator of the company says the Biscuit manufacturing plant has leasehold plots comprising 3.28 acres.
The plant has well-constructed factory buildings with its raw materials/ chemicals available locally.
“Offers will be considered for the business as a whole as a going concern,” the notice said on the basis of sale. “Offers are invited by not later than Friday 28 January 2022.”
The beverage company went into administration, effective August 6, 2021, for defaulting on loans estimated at KSh1.3 billion to financiers and creditors. For instance, Diamond Trust Bank is owed KSh900 million by the manufacturer.
Founded in 1987, Britania Foods Limited is known for its specialities: Digestive, Nice, Marie, Family, Digestive Sugar-Free, Digestive Oats, Ginger Nuts, Shortcake, Milk Biscuits, and Malt Biscuits.
Nation.Africa reported that Britania has been facing an insolvency petition case filed by one of its suppliers Uzuri Foods, under the weight of a KSh17.3 million debt following the collapse of Nakumatt and Tuskys retailers.