We appear to have another casualty in the increasingly competitive strobe market. According to ProfiFoto, TheDistrict Court of Wrzburg has ordered the provisional insolvency administration of the assets of German lighting manufacturer Hensel-Visit GmbH & Co. KG (Hensel). This isnt bankruptcy or the end of the business, yet, although the company does have a significant challenge on its hands.
Essentially, insolvency is when a company is unable to pay its debts on time.Hensel puts their current situation down to unsatisfactory sales development over recent months and the high costs of ongoing investment into developing new products.
According to the report on ProfiFoto, a provisional insolvency administrator has been appointed to help He…
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