Family business Helmut Meeth applies for bankruptcy - future uncertain!

Family business Helmut Meeth applies for bankruptcy - future uncertain!

The Helmut Meeth GmbH & Co. KG, a traditional family company from Rhineland-Palatinate, has filed for bankruptcy. The application for the opening of insolvency proceedings was submitted at the Wittlich district court. This company was founded in 1985 by Helmuth Meeth and currently employs around 90 people. It specializes in the production of windows and front doors made of PVC. The bankruptcy was caused by a persistent construction crisis and high costs, which led to a significant decline in orders. According to the report of Merkur , the company listed "remarkable sales burglaries" and had to struggle with massive IT problems The operating sequence disrupted considerably.

In a works meeting, the employees were informed about the bankruptcy. Despite these difficulties, wages and salaries are secured by bankruptcy money by the end of March, while business operations continue to run without restrictions. Insolvency administrator Alexander Jüchser emphasizes that the workforce is well qualified and motivated. This could increase the chances of successful renovation. Talks with creditors, banks and potential investors are already being planned.

market situation and restructuring

The situation of Helmut Meeth GmbH is not unique. Other family businesses are currently facing similar challenges. One example is Haba Sales GmbH & Co. KG, which applied for bankruptcy on September 12, 2023 at the Coburg District Court. The company, based in Bad Rodach, was made according to Stuttgarter Zeitung by Managing Director Mario Wilhelm described as the only way in the current economic situation to find your way back to old strength.

The self -administration aims to re -establish HABA during the ongoing business operations and to stabilize financially. There is no insolvency administrator, but an administrator, Tobias Sorg from the law firm DMP Solutions, who accompanies the procedure. The HABA Familygroup, which includes the brands Haba, Haba Pro and Jako-O, is currently in the greatest restructuring of their over 85 years of company history. In August 2023 it was also announced that the Jako-O brand will be discontinued in early 2024.

industry development and insolvency risk

The increasing risk of insolvency in various economic sectors has several causes. The construction and traffic sector shows a high risk of bankruptcy, while hospitals and care facilities are particularly severe in health and social affairs. In 2023 there was also a significant increase in the risk of insolvency in the area of ​​information and communication as well as hospitality, such as "https://www.ifm-bonn.org/statistiken/gruendungen-und--und-kunternehsungen/unternehmsinsolvenzen"> ifm bonn in detail.

The examples of Helmut Meeth GmbH and HABA illustrate how challenging the current economic situation is for many traditional companies in Germany. Sustainable solutions and adjustments are all the more important to avoid future bankruptcy cases and to stabilize companies again.