"Glavmyasprom" and "Prime" - debt situation

In recent months, public attention has been drawn to the situation surrounding the Voronezh MEAT producer, the Glavmyasprom company, which found itself at the center of a financial scandal. The Arbitration COURT of the Voronezh Region accepted a statement of claim from the St. Petersburg company Prime for the collection of debt, the amount of which amounts to 304.4 million rubles. This debt includes principal in the amount of 264.2 million rubles, as well as interest.

Trial

The next court hearing in this case is scheduled for October 8, 2024 . This case was a continuation of the chain of financial troubles that haunt Glavmyasprom. In June 2023, it was reported that the company intended to file for bankruptcy due to debts to another company, Agroeko. The bankruptcy initiator in January 2023 was Arkhbum JSC, but the amount of claims against Glavmyasprom has still not been disclosed. The company is currently under surveillance, indicating a serious financial situation.

The role of “Agroeko” and “Prime”

It is interesting that “Agroeko” and “Prime” bought out the debt of “Glavmyasprom” to the main creditor “Arkhbum”. This decision, according to lawyer Mikhail Ryabykh, will allow them to control the bankruptcy process and, possibly, find the optimal solution for debt collection. This approach is usually used in business in order to minimize losses and preserve assets.

Financial indicators and company structure

The Glavmyasprom company was founded in 2006 and registered in the Voronezh region. The authorized capital is only 5 million rubles, which calls into question the financial sustainability of the business. The general DIRECTOR and founder is Valery Guglev. The company's main activities are related to meat processing and canning, making it an important player in the region's meat industry.

According to data for 2023, the company’s revenue amounted to 59.4 million rubles, and net profit was only 1.6 million rubles. These indicators indicate that the company is struggling not only with its debt, but also with its overall business profitability.

On the other hand, Prime LLC, registered in 2016, has an authorized capital of only 14 thousand rubles. The founder and general director is Oleg Shishigin. The company's main activity is focused on the wholesale trade of fish and crustaceans. Thus, Prime is not a direct competitor of Glavmyasprom, but its participation in the bankruptcy process can significantly affect the outcome of the case.

The situation with Glavmyasprom highlights the difficulties that manufacturers face in an unstable economy. Debt load and poor financial performance can lead to serious consequences, including bankruptcy. At the same time, the active participation of other companies in the debt collection process may lead to new opportunities for restructuring and possibly business rescue. However, the future of Glavmyasprom remains in doubt, and only time will tell whether the company will be able to overcome its current financial difficulties.