Armagh healthy ready meal firm enters liquidation
Summary
Karri Kitchen, a company in Northern Ireland that made healthy ready meals, has stopped operating and is in the process of liquidation due to high production costs. The business was appreciated in the community, and its closure will affect its 33 employees and the local economy.Key Facts
- Karri Kitchen, a Northern Ireland based healthy ready meal company, has gone into liquidation.
- This company, which began in 2019, was well-known for its healthy Asian-style meals.
- It used to sell its products in major stores like Tesco, Lidl, Asda, and Spar.
- Liquidation is a process of closing a business, selling its assets, and using the money to pay off as many debts as possible.
- The reason for liquidation: Karri Kitchen couldn't afford the increasing costs of producing meals.
- At the time it stopped trading, the company had about £700,000 in net debts, including money owed to a food business and a loan from one of its directors.
- The company used to employ 33 people who will now likely lose their jobs.
- The closure will affect the local economy of Craigavon, County Armagh, where the business was based.
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