“Taurus" meat processing enterprise declared bankruptcy

"Taurus" meet processing plant located in the Perm Territory applied to the regional arbitration with a statement of its own insolvency.  The lawsuit is dated April 8 and has not yet been accepted for the court proceedings. There were also no explanations from the company's management and owners.

“Taurus" processing plant enterprise appeared in 2006-2007.  It was formed on the basis of the previously existing sausage production workshop.  It is reported that the company have recently employed more than 200 employees.

In 2016, the company was already a few steps away from financial collapse.

The company has accumulated debts to creditors, among which there was the owner of the Saturn-R group of companies, Alexander Repin.  Having redeemed the debts and received a 51% stake in the company, he became the main beneficiary.  Other owners are the ex-head of the company Sergey Bryzgalov (19%), Elena Khudyakova (15%) and Elena Zhebeleva (15%).

The company continues to produce more than 300 varieties of sausages and semi-finished products, but in recent years it has not become profitable.  In 2016, the losses of the plant amounted to 482.6 million. Subsequently, their size ranged from 4.6 million rubles in 2017 to 54.7 million rubles in 2019.  The latest financial statements for 2020 also showed a loss of 38.9 million rubles.

 Experts note that another company "Telets-Agro", previously associated with the "Telets" plant, does not have any financial problems.

The organization is owned by Alexander and Evgenia Repins.  The company, which was once the subsidiary of the plant, in 2020 brought the owners a profit of 4.4 million rubles, ending the year with a revenue of 287.8 million rubles.