German PV and storage supplier Bosswerk information for insolvency – pv journal Worldwide

From pv journal Germany

German PV and storage system supplier Bosswerk GmbH & Co. KG bancrupt.

The firm, which has operated the GreenAkku on-line store since 2010, filed for insolvency on the Krefeld District Court on July 24. The judges appointed Joachim C. Mohlitz, accomplice on the Düsseldorf-based legislation agency Görg Partner, which makes a speciality of restructuring, because the provisional insolvency administrator.

Bosswerk justified the necessity to file for insolvency with the “photo voltaic market turmoil” which additionally impacts giant firms. “The insolvency utility is because of a lower in gross sales that may be traced again to the massive drop within the value of photo voltaic expertise,” it continued. Measures to extend effectivity weren’t carried out shortly or persistently sufficient. “This structural imbalance in the end precipitated the established enterprise operations of Bosswerk GmbH & Co. KG to run into bother.”

Business operations have to be continued throughout preliminary insolvency proceedings. The wages and salaries of roughly 100 workers are coated for 3 months by means of the insolvency profit. Bosswerk sells PV and storage programs to personal and industrial prospects by means of the web platform GreenAkku. The change measures which have already been began have to be continued so as to obtain the monetary stabilization of the corporate and to discover a sensible answer for the long run.

The common goal of the preliminary insolvency administrator and the administration is to maintain the enterprise operations operating easily and to make sure the restructuring measures which have been initiated to realize sustainable monetary stabilization and discover a viable answer. for the long run.