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Flash Coffee owes $14.9m to about 120 creditors, including former employees
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Former employees of Flash Coffee, which has filed for voluntary winding up, are owed more than $300,000 for salaries and other contractual benefits.
ST PHOTO: DESMOND WEE
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SINGAPORE - Around 120 creditors are owed $14.9 million by the Singapore arm of coffee start-up Flash Coffee, which abruptly closed all 11 of its outlets
In response to queries from The Straits Times, Flash Coffee’s provisional liquidator BDO Advisory said on Thursday that the largest amount owed, about $13.4 million, is to Digital Services SG Four, the start-up’s holding company.
