PLUTA attorney Dr Kaufmann appointed provisional administrator for long-standing logistics company

PLUTA restructuring expert Dr Christian Kaufmann is involved in proceedings for another company from the logistics sector, which is currently facing major challenges. On 5 January 2021, the Local Court of Syke ordered provisional insolvency proceedings to be opened for the assets of Louis Neukirch GmbH from Stuhr, near Bremen. Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH was appointed provisional administrator for the long-standing company, which was founded in 1824 and has therefore been in business for almost 200 years.

The company had to file for insolvency because of liquidity problems resulting from the loss of a major account due to insolvency. Although it has been engaged in a restructuring process for some time, it could not compensate for this shortfall. “We are currently analysing the company’s financial situation. Business operations will be continued without any restriction. All orders will be dealt with as planned while observing the necessary hygiene requirements and new orders are also being accepted,” said PLUTA restructuring expert Dr Kaufmann. He is being supported within the restructuring team by attorney Mr André Gildehaus and business lawyer Ms Juliane Riegel.

Louis Neukirch GmbH is a logistics partner for new furniture and sensitive goods. The company specialises in handling all aspects of individual logistics orders. In addition to deliveries, its services also include merchandise management and shipment tracking with the aid of state-of-the-art software. The company based in northern Germany can also store and pick goods and offers a comprehensive installation service as well as an e-fulfilment service for online retailers. Its customers include Internet sellers, manufacturers, distributors and importers from various sectors. The company currently employs 16 people. Their salaries are guaranteed for the next three months thanks to specific substitute benefits provided under German insolvency law.

Dr Kaufmann has extensive experience in restructuring companies – including many businesses operating in the logistics sector. The branch manager of the PLUTA branches in Bremen and Oldenburg is currently provisional insolvency administrator for Diedrich Meyer GmbH & Co. KG, a forwarding company based in Bremen, and for forwarder Lottmann GmbH & Co. KG from Aurich. He also successfully supported the proceedings of heavy-duty haulage company W & F Franke Schwerlast Internationale Spedition GmbH from Bremen in 2019, in which the business and most jobs were secured and creditors can expect a very high dividend.

About PLUTA:
PLUTA helps companies in legally and economically difficult situations. Since the company was founded in 1982, PLUTA has constantly grown and today has a staff of approximately 500 employees in Germany, Spain and Italy. More than 290 business and management experts, attorneys, business lawyers, tax consultants, public auditors, certified accountants, economists, banking and bookkeeping experts, engineers and insolvency administration specialists, many with multiple qualifications, ensure practicable and economically sound solutions. In particular, PLUTA provides support in restructuring companies affected by a crisis or insolvency and in continuing business operations, if necessary by involving restructuring experts in a responsible role. PLUTA is one of the top enterprises specialising in restructuring and turning around companies, as demonstrated by rankings and awards from INDat, JUVE, The Legal 500, Who’s Who Legal, brandeins, Wirtschaftswoche, Focus and ACQ 5 Law Award. Further information at www.pluta.net.