Bad debt losses force O.P.M. forwarding company into the knees
Bankruptcy proceedings and closure of O.P.M. Outsourcing Projektmanagement Logistics GmbH in Arnoldstein
Low profit margins, the loss of several major customers and bad debt losses have economically ruined the O.P.M. Outsourcing Projektmanagement Logistics GmbH. The bankruptcy proceedings about the assets and liabilities of the company based in Arnoldstein in Carinthia, specialising on the handling of international forwarding business with road and seaway traffic, was opened on 11 February at the regional court Landesgericht Klagenfurt. The insolvency of the already shut down enterprise affects around 150 creditors. According to the KSV 1870 creditors protection association assets amount to around EUR 207,450. Liabilities total to about EUR 316,000. The insolvency file does not say if a restructuring plan is targeted. The debtor attributes its insolvency in its file to losses of the past two years due to low profit margins and the loss of several major clients. Moreover, the European Union charges enormous protection tariffs for goods deliveries from China – which accounted for a major part of their business. This caused a collapse of these markets. Managing director Michael Gugusis tried to counter the declining turnover by reducing staff and operational costs. However, the loss of several financial claims brought these efforts to nothing. Quelle: LogEastics |