2023-08-21 14:05:00
87 employees and 29 creditors are affected, reported Creditreform and KSV1870. Assets of around 992,000 euros are offset by liabilities of 1.64 million euros. A renovation and continuation will be examined.
Corona and inflation
One of the reasons for the insolvency given by the credit protectors is that the company was directly affected by the corona pandemic when it was founded in March 2020. Since there were no comparative figures from previous years, it received hardly any pandemic funding. After Corona, personnel costs increased due to inflation and the increase in the number of employees, it said. After sales did not develop according to plan, bankruptcy was filed.
intended to be continued
In the application made by the company itself, the creditors are offered a 20 percent restructuring plan quota – payable within two years. With the closure of low-yield parts of the company, the intention is to finance the continuation. The insolvency administrator will check whether this is “possible without further losses for the creditors,” according to KSV1870.
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