13/06/2026
This business, popularly known as Triple F /Thika Farmers Feeds, is up for liquidation due to many factors, including non performing loans,suppliers obligations among others.
Every business venture is a risk
Many factors plays out in the shutdown of a business, including the negative listing or blacklisting by commercial banks,blocking the businesses completely from any further financial inclusion ,unethical staff and suppliers, Macro and micro economics policies,National and county Government's regulations and tax regiment, fraudulent customers, Huge investment in CAPEX among others that businessmen have to navigate in a developing country.
Instead of becoming a beacon of hope and opportunities to our young people, businesses become victims of their own investment in CAPEX and success
To all businesses that are thriving and struggling alike, I salute you for your resilience, Just keep moving.
Nevertheless
When time to bite the bullet come, don't lose yourself over it.
Live to fight another day .
CRB listing is self defeatist, as the businesses that are meant to recover, repay the loans and create opportunities are completely blocked from any financial inclusion, exposing the very banks to lose the very principal they had lend.
Food for thought.
It's time to declare the CRB listing both illegal and unconstitutional. Someone need to make an application in the high court, it's no longer making sense.
So we exit the industry and the sector until further notice and focus on something else completely different.
To our staff,customers , suppliers, and partners whose livelihoods depended on the business, we take this opportunity to thank you for being part of our support system for the 14 years we have been in existence.
Any settlement will be settled amicably after the liquidation process is concluded.
We take full responsibility, no sympathy, no apportioning of blame.
In an instance where CAPEX is huge and financed through debts/Loans ,and if the sales generated are not sufficient to generate enough revenue to both cover operational costs and service the loans, the business goes in to distress, which is where we found ourselves, coupled with stiff competition from unlicensed and unregulated millers, low margins against higher operational costs ,infiltration by foreigners especially Chinese and many customer's defaults on feeds supplied payments. Best case to relate with is the Kenya Airways, making losses year in year out.Without the bailing by the Kenya government ,Kenya Airways should wide up.
We have learnt our lesson, we lose everything but ensure that all the proceeds of the liquidation process goes towards payment of loans, suppliers, staff and any other claims leveled against the business.The liquidation process is owners initiated. Therefore all the assets below are going to be sold in an organised manner for the purposes of settling all the debts owned.
We live to fight another day.
ANM