An equestrian centre involved in an animal cruelty probe last month is to go bust and could be sold early in the new year.
The Kingsbarn centre in Westershieldhill, which trades under the name Jakem Ltd, is in provisional liquidation with full liquidation to become a formality in the coming weeks. It has reported six-figure debts, including around £41,000 owed to Falkirk Council for rates.
Majority shareholder Jackie Kemp, who was under investigation by the SSPCA for horse neglect following allegations made on a Facebook page, had vowed to fight the liquidation but has now said she will ‘allow’ it for personal reasons and after taking legal advice.
She said: “I was going to fight it but after speaking with my bank and my lawyer I have allowed this to happen. I feel the assets are in the safest place with the administrators.”
Ian Scott McGregor of Grainger Recovery, who is dealing with the liquidation process, said once liquidation is confirmed the centre will be marketed and the proceeds of any sale will go to creditors and shareholders.
A council spokesperson said: “The current year debt has just gone to warrant and while arrangement for repayment was reached we no longer expect this to be met as the company has gone into liquidation. We should receive all or part of the debt as part of the liquidation process.”
The SSPCA probe into horse neglect at Kingsbarn has concluded.
The Falkirk Herald understands that there will be no criminal proceedings as a result.
SSPCA Chief Inspector John Chisholm said: “We can confirm that our investigation into reports of horse neglect at a premises in Falkirk has now concluded. However, it would be inappropriate for us to discuss further information regarding our findings over the course of our investigation.”