The corporate had managed to restructure, however is now as soon as once more not liquid. This time, nearly 50 staff are affected. Within the occasion of liquidation, the liabilities would quantity to round 2.5 million euros, in line with the credit score safety businesses KSV1870, AKV and Creditreform on Monday. The belongings quantity to lower than 300,000 euros.
The corporate said that the explanation for the renewed insolvency was the lack of branches with excessive contribution margins: a number of rental contracts expired in 2023. Regardless of efforts, it was not doable to increase the rental contracts. As well as, there have been failed investments: Hubert Auer GmbH & CO KG had invested appreciable funds within the conversion and growth of present and new branches. Nonetheless, the deliberate gross sales and the required contribution margins couldn’t be generated, it stated.
Inflation was given because the third motive: the price of uncooked supplies had elevated by 40 to 50 % and personnel prices by 20 % within the final two monetary years. Because of the aggressive market, this value improve couldn’t be handed on to clients.
Firm to be continued
The corporate plans to proceed operations by implementing a reorganization idea. Branches with low contribution margins are to be partially or utterly closed. Because of this, corresponding capability changes would additionally must be made in administration. Manufacturing is to be relocated from the present location in Seiersberg to Gratkorn, which ought to result in a major discount in prices. Preliminary negotiations have already taken place.
A brand new restructuring plan is to be concluded with the roughly 60 collectors so as to have the ability to exhibit the continued existence of the corporate via the related debt restructuring, with a quota of 20 % being provided in the meanwhile inside two years.
The bakery chain was already bancrupt in 2020. On the time, liabilities amounted to only underneath 4 million euros and belongings to 680,000 euros. Of the preliminary 77 staff, round 50 have been nonetheless employed in 16 branches after the restructuring. Now solely 14 branches and 44 staff remained.
