The Guyana Bank for Trade and Industry (GBTI) through its receiver Maurice Solomon is seeking to sell 44 acres of rice land in the name of Allen’s Enterprise Limited, now in receivership at Coffee Grove, Anna Regina on the Essequibo Coast.
A notice from the bank said Allen’s Enterprises, once a thriving ten-tonne rice milling complex, was operated from the mid 1990s until the latter part of 2002 under the management of Ivor Allen before being placed in receivership. Prior to that, the late Deoraj Maharaj, a prominent Essequibo businessman and landlord owned the estate.
Upon the business’s failure to meet its obligations to the bank, Maurice Solomon, Chartered Accountant of Solomon, Parmesar and Company, Chartered Accountants/ Management Consultants of 78 Church and Carmichael Streets, Georgetown, was appointed Receiver/Manager.
According to the bank’s website, the lot offered for bids is the rice mill complex with structures and machinery and equipment thereon and Land (44.2807 acres). The equipment includes one complete ten-tonne rice mill, a coconut oil mill, a Fairbanks 40-tonne electronic scale, Kelper Weber dryers (40 tonnes and ten tonnes), a Satake rice whitening machine, a Satake paddy cleaner, a Rimac paddy cleaner, diesel generators 440v/165 KVA, and a rotary sifter with motor and switch box.
The website said when Allen’s Enterprises was in operation it provided employment for over 35 persons on a regular basis. “The resuscitation of the mill or other business thrust can be a boost to economic activities within the area and on the coast with potential for good returns for the investor,” GBTI said.
It said too that the complex/estate is also considered suitable for single or combination development in housing, recreational or sports facility, amusement park, hotel and restaurant, bulk storage for grain/building material, telecoms investment, or for residential family use for persons “who want a private estate away from the hustle and bustle of Georgetown or other urban areas to pursue personal goals/interest.”
