What going into administration means for a firm

Africa Spirits Limited factory in Thika, Kiambu County on September 2, 2019.

Photo credit: File | Nation Media Group

In the span of a week, two Kenyan companies, Africa Spirits Limited (ASL) and East Africa Cables, have been put under administration.

TransCentury Limited (TCL), the parent of East Africa Cables, is under receivership as debt issues once again hit the operations of these previously thriving firms.

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Note: The results are not exact but very close to the actual.