“It’s not a simple business, straightforward.” That’s what the trustee in the bankruptcy of a large greenhouse horticulture company said late last year. An initial bankruptcy report shows why. A whole range of companies are involved in the bankruptcy. The trustee, who requested the help of four additional trustees, also ended up in Dubai in the investigation.
In a short period of time, the greenhouse growing company, which declared bankruptcy late last year, had accumulated a debt of EUR 5 million. Eventually, the energy supplier, to whom the company owed millions, filed for bankruptcy.
As the cause for the bankruptcy, the directors pointed to a “mismatch in an energy contract.” Earlier this year, an energy supplier’s claim to a biot…
Read the full article at: https://www.hortidaily.com/article/9495170/unravelling-bankruptcy-of-greenhouse-farm-a-hefty-task/