Kesälahti’s debts have grown to millions. The company is yet another construction company that has gone bankrupt in recent days.
In the year The Joensuu construction company Kesälahten Rakennus, founded in 1975, has been declared bankrupt last Friday.
According to Suomen Asiakastieto, Kesälahten Rakennus made a loss of over four million euros in 2022 with a turnover of around 5.3 million euros. The company employed 15 people last year.
Even in 2018, the company’s turnover was more than 12 million euros.
The newspaper previously reported on the bankruptcy Karelian. According to Karjalainen, the company’s total debts are in the millions.
The company was filed for bankruptcy in the summer by the Tax Administration, the mutual pension company Varma and Capital Box, which grants business loans.
Kesälahtin Rakennus has implemented several large construction projects in North Karelia.
The company already applied for corporate reorganization last December, which ended in June.
According to Karjalainen, the reason for applying for corporate restructuring was that the company ran into severe financial difficulties after the municipality of Parikkala stopped the construction work of the school renovation project and withheld the related payment installments.
At the same time, some of the apartments built by the company did not sell well.
Kesälahtin The building’s bankruptcy is a continuation of the plight that plagued the construction industry this year.
The difficulties of the construction industry made headlines again last week, when Jukkatalo, which had a turnover of around 95 million euros last year, went bankrupt.
On Monday, Siklatilat, who lives in Liminga in the village of Tupos, filed a bankruptcy petition at the Oulu district court.
Measured by turnover, Siklatilat is so far the biggest construction business that went bankrupt this year. According to Finnish customer information, in 2021 the company made an operating profit of 568,000 euros with a turnover of approximately 107 million euros.
Siklatilat had also applied for corporate reorganization in January 2023.
Summer during the period, the number of bankruptcies in the construction sector has accelerated.
HS Visio told in June, that between January and mid-June, around 270 construction companies had already been declared bankrupt. By Monday, August 28, almost 390 companies had already been declared bankrupt.
For example, between 2019 and 2022, around 250 bankruptcy applications were filed each year alone.
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