German lighting manufacturer Hensel-Visit, which had to file for insolvency last year, has been saved from liquidation by the administrators.
The firm reports it has overcome its past difficulties by continuing to trade and ‘implementing measures for financial recovery’. Restructuring and realignment of the company will continue. In a press release, insolvency administrator Dr Markus SchÃ¤dler said:
“Using comprehensive measures for financial recovery, we were able to put Hensel back on the track of success, and we will achieve a low six-figure profit already during this current business year. Based on this development, we will create the conditions to release the company out of insolvency proceedings. We already regard the implemented recovery measures as a success.”
According to Hensel spokesman Andreas StÃ¶hr, the manufacturer is ‘on the right track’ and doing everything it can to overcome difficulties, including those thrown up by the coronavirus pandemic.
“Our staff wants to sincerely thank all our customers and partners for their loyalty and support in what have certainly been difficult times for all of us.”
Hensel is known for its Porty battery generators and the Cito 500, claimed to be ‘the world’s fastest compact flash’. It’s also been working on a 1000Ws TTL monolight called the Foris 1000, but its release was disrupted by the company’s financial woes. It remains to be seen what direction the company will go in, following the reorganisation of the business.