8.6 million euros in debt, hardly any assets – 10 employees and 430 creditors affected
The Viennese Jollydays GmbH is insolvent. The company, which specialized in the sale of vouchers for adventure activities and the organization of events, filed for bankruptcy on Friday at the Vienna Commercial Court upon its own application, the credit protection association KSV1870 announced.
Accordingly, Jollydays liabilities in the amount of 8.6 million euros, which are offset by assets valued at around 100,000 euros. 10 employees and around 430 creditors are affected by the insolvency.
The internet platform www.jollydays.atthrough which the vouchers were sold, is operated by the sister company Jollytec GmbH. Bankruptcy proceedings have also been opened against Jollytec at the Vienna Commercial Court.
In spring 2024, both sales via the internet platform and via retail partners are said to have declined significantly, KSV1870 refers to debtor information. Discussions with potential investors be surprisingly failed.
“The insolvency administrator will now have to decide whether to continue or close the company,” said Brigitte Dostal from KSV1870, according to the statement. “The next few weeks will show whether an investor can be found after all.”
Attorney Michael Ludwig Lang has been appointed insolvency administrator, and the filing period for claims ends on October 10, 2024. The first creditors’ meeting and audit and reporting meeting will take place on October 24, 2024.