Court initiated bankruptcy proceedings Dnepropetrovsk construction companies "Priority"





05.10.2010 10:58
The Economic Court of Dnipropetrovsk region commenced proceedings for bankruptcy of CJSC Building Company (SC) "Priority" (Dnepropetrovsk), according to an announcement of the court in the newspaper Uryadovy Kurier. Following the announcement, executor of the estate appointed Alexander Vozdvyzhensky.

The creditors` claims must be submitted within one month from the date of publication of this announcement (October 2).

As commented on the announcement the company`s director, Alexander Rakcheev, "it will not affect the operation of the enterprise. It is a debt to one company of up to 100 thousand UAH, and this issue will be resolved. "

According to him, currently the UK "Priority" is engaged in designing two houses in Dnepropetrovsk.

Net loss CJSC Building Company (SC) "Priority" by the end of 2009 increased by 2.2 times compared with 2008 and amounted to 3.468 mln. Net income businesses in 2009 decreased by 6.8 times - up to 11.978 mln.

For reference: ZAO "Construction Company" Priority "recorded in 1999, carries out construction activities.

Initially the company engaged in the construction of private houses and other small objects, then the company has become to serve as general contractor for construction projects.

In addition, since 2005, the company`s management decided to expand the scope of activities, in particular, a group of companies "Priority" was the company Ukrpivdenbud, the main activity of which is housing.

Interfax-Ukraine
Content tags: construction
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