AN ALCOHOL PRODUCER FROM BELGOROD WANTS TO GO BANKRUPT

AN ALCOHOL PRODUCER FROM BELGOROD WANTS TO GO BANKRUPT

AN ALCOHOL PRODUCER FROM BELGOROD WANTS TO GO BANKRUPT
The distillery in the Belgorod region, owned by the Belvino company, may change its owner. The management of the enterprise published information on Fedresurs about its intention to declare its insolvency to the arbitration court. The day before, Promsvyazbank, the main creditor of the organization, shared similar plans.

The company has been known in the region since 1960. In the Soviet years, the plant worked with wine materials from Moldova, engaged in their secondary distillation. In recent years, the company has also mastered the production of spirits (vodka, cognac tinctures) and mineral water. The company owns the brands "Belgorodskaya", "Portoff" and "Prokhorov field".

According to data for 2023, the company's revenue decreased by 26%, amounting to just over 508 million. At the same time, the company's profits have only grown in recent years. In 2022, it increased 6 times, and in 2023 it reached 63.8 million. Before that, the company generated losses and even had to stop production for 8 months in 2019.

Experts call Belvino's financial obligations to Promsvyazbank the reason for the possible bankruptcy. If a few years ago, loan arrears were accompanied by late repayment of receivables and lack of bank guarantees, now the situation is aggravated by debts to the tax authority.

The general director of the organization, Sergey Solovtsov, quoted by Abireg, refers to the decision of the board of directors. The company's production facilities have been idle for several months, and outstanding obligations to Promsvyazbank deprive the plant of guarantees.

As Abireg suggests, the company's managers may try to sell the asset through the bankruptcy of the company. Currently, Alexander Gogol, the owner of the capital's Infrastructure Research Center, and Dmitry Ambrosimov, the head of Belspirtprom, are on the board of directors of the company. It also includes Alexey Belov, Nikolai Solovyov and Nikolai Starchenko.

02.08.2024