Overview

• The Amtsgericht Leipzig opened insolvency proceedings on 1 August 2025 after ordering preliminary administration on 22 May.
• German operations have ceased, the Machern warehouse near Leipzig is idle, and the 15 remaining employees have been dismissed, scrapping earlier plans for up to 250 jobs in Saxony.
• Insolvency administrator Rüdiger Bauch says intercompany payments from the UK ceased in spring 2025, leaving the unit without operating funds.
• The German subsidiary effectively operated as a subcontractor with the British parent as its only customer because group contracts were handled in the UK.
• Reporting indicates the group has created a Netherlands company to take over continental-European business, after the UK parent fell into crisis in December 2024 and reportedly transferred its shares to an investor.