TCE Logistica, a top five courier on the market, with 19.5m-euroturnover last year, a company part of RTC Holding group controlledby businessman Octavian Radu, has filed for insolvency with a viewto judicial reorganisation. The company's debts amount to 8,5meuros, of which 3.3m euros are banking loans. The announcementcomes less than two weeks after Diverta retailer entered insolvencyproceedings, also choosing to resort to judicial reorganisation topay some debts worth above 10m euros. For both companies, the legaladministrator will be Casa de Insolventa Transilvania (TransilvaniaInsolvency Firm). "Part of our clients have gone insolvent in thepast 18 months, causing us cash flow problems. Besides thispressure, the problem of penalties had also started to weigh uponus. We needed to reschedule debts and do away with thesepressures," stated Sorin Sofian, CEO of TCE Logistica. He added allthese problems forced the company to resort to judicialreorganisation, which it will undergo for the next two or threeyears, a period during which TCE Logistica will operate normally onthe market.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
