Latest update February 23rd, 2025 1:40 PM

Guyana's largest selling daily and New York's most popular weekly

Latest News

Gafsons liquidates defunct companies

Jan 22, 2013 News

Gafsons, the major hardware conglomerate, has decided to liquate defunct companies, after shareholders saw no need to keep them in existence.
In notices published in the Guyana Chronicle, it was announced that A. Gafoor and Sons (1982) Limited, National Investments Limited and Plastic Products Limited would be wound up voluntarily.  The decision was taken at an extra-ordinary general meeting of the companies on December 18, last.
Mr Harry Noel Narine, Chartered Accountant of PKF, Barcellos, Narine and company was appointed liquidator with respect to all three companies.
Narine, in an invited comment, confirmed that the three companies are defunct.
The companies have not been in operation for years and were previously used by the Gafsons group to serve the business interests. For example, one of the companies was used to import products which the company would then sell.
The liquidation of the companies is not expected to affect in any way operations of the Gafsons Group of Companies which employs an estimated 1,000 persons.
The Gafoors have been in the hardware business for over 50 years and have sought to diversify operations over the years.
They got their break in 1957 when Premier Cheddi Jagan abolished the licensing requirements for the importation of most goods, and Gafoor started importing from Romania, Czechoslovakia, Poland and East Germany.
Now, the company has main operations at Land of Canaan and Plantation Houston with branches across the country.

Similar Articles

The Glenn Lall Show|| February, 14th, 2025

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

The Battle for Barbados: One Guyana Racing Stable faces off against top U.S. Trainers for Gold Cup supremacy

The Battle for Barbados: One Guyana Racing Stable faces off against...

Feb 23, 2025

Kaieteur Sports- The battle lines are drawn. One Guyana Racing Stable is here to make history. With the post positions set for the 2025 Sandy Lane Barbados Gold Cup, all eyes are on Guyana’s rising...
Read More
Tyrrell breaks 12-year-old school record to claim SUNYAC-AMCC title

Tyrrell breaks 12-year-old school record to claim...

Feb 23, 2025

Raja Pooran inspires Everest Masters to victory in Costa Rica

Raja Pooran inspires Everest Masters to victory...

Feb 23, 2025

BCB saddened at the passing of the late Lennox Phillips, extends condolences

BCB saddened at the passing of the late Lennox...

Feb 23, 2025

Berbice Cricket Board names 15-man squad to participate in Inter County U15 cricket competition

Berbice Cricket Board names 15-man squad to...

Feb 23, 2025

 Slingerz FC shines at Guyana Energy Conference and Youth Forum

 Slingerz FC shines at Guyana Energy Conference...

Feb 22, 2025

Features/Columnists

  • Crowds, chaos and complaints

    Peeping Tom… Kaieteur News- The folly of the cash grant distribution is a textbook case of what happens when a government,... more

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]