Picfare Group of Companies [The Group], the promoters of Southern Range Nyanza Limited, Picfare Industries Limited and Henley Property Developers Limited among others has learnt that the General Public is concerned about the winding up of some entities associated with the Group.
Such entities include among others: Picfare Trading Co. Limited, Picfare Jinja Limited as detailed in The Monitor Newspaper of Wednesday 07/12/2022 and the Gazette.
The Group would like to clarify as follows:
- That the companies being wound up in accordance with the Law have been DORMANT. As such, with the view to ensuring compliance with the Law, these are formally being closed for better compliance;
- All active Group Companies like Southern Range Nyanza Limited, Picfare Industries Limited and Henley Property Developers Limited among others are fully functional and shall remain serving you as always.
- The on-going winding-up processes for the DORMANT entities involves advertisement in the Local Press of the details of the entities being wound-up. This is still on-going and other adverts will be appearing as part of the process.
- There is therefore no need to be worried of missing out on any of the Group brands/services.
Lastly, the Group is eternally grateful for the business support over the years that explains the raging debate on social medial. The Group will continue serving you even better.
Richard D Mubiru
CORPORATE AFFAIRS DIRECTOR; PICFARE GROUP OF COMPANIES