Part of Fábrica do Inglês is up for auction for almost 1 million euros

A part of Fábrica do Inglês, in Silves, is for sale at an electronic public auction for the price of 901.831 euros […]

A part of Fábrica do Inglês, in Silves, is up for sale at an electronic public auction for 901.831 euros until September 11th, according to the announcement in website of the Tax and Customs Authority.

Fábrica do Inglês, which for years worked as an entertainment complex and is part of the Cork Museum, both closed for three years, belongs to a company of the Alicoop/Alisuper Group and to individual entrepreneurs.

The public auction, which is identified as “electronic sale of pledged goods”, focuses on a part of the complex, the area where the shows took place and the “cybernetic” fountain with 5000 square meters is located.

It began on April 13th and continues until September 11th, as can be seen on the website of that service under the Ministry of Finance. to what the Sul Informação he learned, the pledge that is at the base of this sale has to do with the non-payment of IMI fees.

But this isn't the only cloud hanging over the English Factory. Everything indicates that the insolvency of the Factory should be decreed this month of May or in June.

The insolvency was decided two years ago at a general meeting but has only now been requested by the sole director, after the recent buyer of Grupo Alicoop/Alisuper has shown itself not to be interested in the 28% it held there and would give him the possibility of holding a leading position .

The Fábrica do Inglês complex, which resulted from an investment of 12 million euros, created in 1999, closed three years ago due to serious financial difficulties.

Built in the space of an old cork factory, the complex also included the Cork Museum, which also closed in May 2009. This structure, considered the main exhibition of cork in Portugal, even won the prize for best Industrial Museum of Europe in 2001, the year in which it received more than 100 visitors.

The Cork Museum, in addition to machines and other equipment from the old factory that remain in the same place, brings together an important documentary collection that dates back to the XNUMXth century, when the cork industry was thriving in Silves.

Despite being closed for three years, Fábrica do Inglês is still presented as a place to visit on the portal Visitgarve.pt, by the Algarve Tourism…

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