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Friday, 26.04.2024, 13:52
Court orders insolvency process for Druva Food in Latvia
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The company was ruled insolvent on October 31, and the insolvency was
recorded in the Register of Enterprises on November 2. Creditors have one month
to file their claims.
According to information provided by Firmas.lv, Time to Be company lodged
the insolvency claim against Druva Food
on October 10 after the ice cream company failed to pay Time to Be EUR 5,500
for repairing a refrigerator.
Neriju Gedeika, the former Druva Food
CEO, also filed an insolvency claim against the company on October 18 as the
ice cream maker had withheld his salary for several months.
Information from the State Revenue Service shows that Druva Food has a tax debt of EUR 209,654.
Druva Food was founded in 1994, and has a share capital of EUR 2.683 million. The
company's biggest shareholders are Estonian company Aktsiaselts (50%) and Aldis
Osenieks (50%). In 2015, Druva Food
generated EUR 2.225 million in turnover, down 10% year-on-year, while the
company's profit rose 8.1% to EUR 139,600. The company’s performance results
for 2016 are not available.
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