Virtually 1,170 ticket consumers for the two-day future convention, which was supposed to start subsequent week on the Graz exhibition middle, are among the many roughly 1,330 collectors, in keeping with a press launch from the Credit score Safety Affiliation of 1870. There aren’t any plans to proceed the undertaking. Liabilities quantity to 1.66 million euros, property round 142,000 euros.
Fifteen Seconds Occasions GmbH, with 17 workers, has been organizing the Fifteen Seconds Competition for a number of years and has a department in Vienna. The corporate slipped into insolvency as a result of the group and implementation of the competition has change into more and more troublesome for the reason that Corona pandemic. “It was more and more troublesome to win sponsors and ticket gross sales have additionally fallen additional and additional wanting expectations. In distinction, the fastened prices for occasion manufacturing have elevated,” the corporate defined to the credit score safety company.
Sponsors unexpectedly dropped out
Most not too long ago, companions and sponsors who had at all times supplied funds lately unexpectedly pulled out. As well as, the coaching budgets of necessary clients who had bought tickets for workers to take part had been massively diminished, which meant that “it was now not potential to carry the occasion in June 2024”. The upcoming competition has subsequently been cancelled.
“The insolvency administrator to be appointed should study the request of Fifteen Seconds Occasions GmbH with out the specter of additional default by collectors,” stated Brigitte Peißl-Schickmair, head of company insolvency in Graz at KSV1870, which gives to characterize all collectors on this case.
