The platform arranges adventure activities by selling vouchers from partners. Jollydays also acted as an organizer itself. As the credit protection association KSV1870 reports, bankruptcy proceedings were opened today at the Vienna Commercial Court against the company and its sister company Jollytec (operator).
In spring 2024, sales fell significantly and revenues remained below expectations. The number of employees was therefore reduced and costs were saved. However, promising talks with investors unexpectedly failed shortly before the deal was concluded, the application states. According to Jollydays, the continuation of the company is only possible if there is concrete interest from a potential buyer.
A total of ten employees are affected by the bankruptcy, and liabilities amount to around 8.6 million euros. There are said to be around 430 creditors, and customer orders are still outstanding.
