Kenya’s oldest bus and truck body maker LSHS put on auction over Sh1.1bn debt
Phillips International Auctioneers, acting under instructions from the company’s joint administrators, have invited sealed bids for LSHS’s prime 5-acre industrial property in Syokimau, Machakos County. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Labh Singh Harnam Singh Ltd (LSHS), Kenya’s oldest truck and bus body manufacturer, is being auctioned off to recover a Sh1.1 billion debt owed to KCB Group. Its assets, including a 5-acre industrial property in Machakos County, are up for sealed bids.
- Most important fact or figure from the article: LSHS assets are being auctioned to recover a Sh1.1 billion debt.
- Key person or organization involved: KCB Group and Phillips International Auctioneers.
- Notable detail that adds context: Bids for the property and machinery must be submitted by September 24, 2025, by 11:00 AM.
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Keroche, LSHS, and Invesco Face Liquidation and Auction Over Debts - August 2025
Several Kenyan companies are facing severe financial distress. Keroche Breweries Limited is subject to a new liquidation petition from a former Managing Director over an unpaid debt of approximately Sh75 million. Labh Singh Harnam Singh Ltd (LSHS), Kenya’s oldest truck and bus body manufacturer, is being auctioned to recover a Sh1.1 billion debt owed to KCB Group. The company's assets, including a 5-acre industrial property in Machakos County, are up for sealed bids. In another case, Invesco has entered provisional liquidation, with Diana Ndukumumo appointed as the liquidator.
