Wednesday, March 23, 2016

Major losses Scanhus-bankruptcy – Romsdals Budstikke

The losses of the bankrupt construction company Scanhus AS Molde are between 10 and 11 million.

It informs trustee Øyvind H. Meisingset law firm Øverbø Giørtz. In 2014 the company had a turnover of 28.4 million.

Of his preliminary report to the Romsdal district court, shows that it is reviewed claim 9.5 million NOK against the estate. In addition, 21 employees reported wage demands of 1.4 million. Most applications are processed, and will be despatched to Nav briefly.

According to Øyvind H. Meisingset represents the values ​​of the estate at most half a million.



New company

Bankruptcy proceedings were opened in Scanhus AS on 9 February in year, after the company himself petitioned. Scanhus was established by Trond O. Bordevik Maalen August 31, 2009. He attended the same year bankruptcy with its sole proprietorships.

21. January last year – just over a year before the bankruptcy of Scanhus AS – he established companies Scanhus Holding AS Molde and Scanhus Property Molde AS. Trond O. Bordevik Maalen says Romsdals Budstikke that there is no activity in these companies today.



Bad management

Scanhus focused basically on import of prefabricated huselemener from Estonia. The company had in autumn 2015 a backlog of about 19.5 million NOK and ongoing construction projects worth a total of 28.5 million NOK. The projects were spread over large parts of Norway. This meant, according boberetningen, major challenges related to the management of the projects, with subsequent claims and financial losses.

In September 2025 the company received financial problem due dagmulktkrav from a customer, simultaneously with the three new projects in Alta and Kristiansund was initiated.



Refused

Scanhus asked creditors for a repayment scheme for older debt. Several creditors refused to enter into repayment agreements, and clients terminated contracts.

The company was unable to pay the wages for December 2015. After that it was clear that there was no basis for a compromise, petitioned the company bankruptcy.

According boberetningen have poor management largely been the cause of the bankruptcy. This result in delays and complaints claim, which in turn led to tight liquidity when large outstanding invoices from customers was not paid.



Steep down

According to the accounts it went incredibly steep downward Scanhus AS. As late as 2014 the company had a turnover of 28.4 million and a profit of 815,698 kr.

According to the trustee company seems to have been illiquid since the autumn of 2015. The company’s actual equity was retained until the end of 2014. Equity was reduced significantly during 2015, and was negative with 3.1 million kroner per 31 October. Board of trustees Cleaning preliminary conclusion is that the company was insolvent during autumn 2015.



Revealed

When the values ​​of the estate, lists trustee up a crane, two cars and a few other odd objects . It is also recorded receivables of approximately £ 2.8 million, according to a Balance at 31 December 2015. Balance list is not tuned and revised, and trustee therefore make the reservation amount is correct. After a review of receivables with the general manager, it is suggested that claims in the order of 2.42 million NOK is disputed.

The estate has also been uncovered loans totaling 157.000 kr a subsidiary of Scan Property Molde AS and Scan Holding Molde AS. Loans are recognized by companies, which are wholly owned by Trond O. Bordevik Maalen.

An intermediary accounts between Scanhus AS and Trond O. Bordevik Maalen shows a balance at bankruptcy at 420.083 kr. It’s objections amount, and the amount sought according trustee clarified in a timely manner.

He also states that it is currently uncovered one possible invalidation disposal. This and any other voidable dispositions, will be examined in more detail in the further bankruptcy proceedings.

The trustee says that he will return to the issue of possible criminal offenses in the final his report. The same applies to the question of disqualification.

Trond O. Bordevik Maalen referring to boberetningen, which he has confirmed in writing, when Romsdals Budstikke requesting comments on the bankruptcy. He was both chairman and CEO of Scanhus AS.

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