ICL Czech has outstanding receivables from 135 creditors, to whom it owes a total of approximately 38.4 million crowns, states insolvency petition. The company has obligations with, for example, the Czech Social Security Administration, the Tax Office of the Capital City of Prague or ČSOB.
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According to the justification in the insolvency petition, two things broke its neck: pandemics and brexit.
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“The petitioner’s bankruptcy is caused by the negative state of the economy as a result of the covid-19 pandemic, which also affected the food retail sector. The termination of the membership of the United Kingdom of Great Britain and Northern Ireland in the European Union (Brexit) also had a significant negative impact on the petitioner’s business results, which resulted in a significant increase in freight costs and other customs clearance services, and the related increase. prices of the range of food imported in this way, “the company stated in the insolvency petition.
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Iceland specializes in the sale of frozen goods from the United Kingdom. News reported last month that it had closed its e-shop and quietly closed some of its 11 branches in the Czech Republic.
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According to the insolvency petition, the company has 82 employees in the Czech Republic, another 19 on non-employment agreements.
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