Preliminary Insolvency for Franz Sill
German lighting manufacturer Franz Sill has succumbed to difficult market conditions and filed for preliminary insolvency on Monday 23rd of September 2013.
The company, which manufactures floodlights, luminaires and projectors, now has three months to come up with a way forward and has already initiated a reorganisation and restructuring strategy.
In the meantime, business continues as normal according to a statement from the company: “Despite the insolvency the business activities will remain as usual. The orders already placed with us will be processed with the same care and reliability.”
Franz Sill has been involved in lighting landmarks around the world, including the Brandenburg Gate and the Red Town Hall in Berlin, the Nelson Mandela Bridge in Johannesburg, South Africa, and the Guggenheim Museum in Bilbao, Spain.
Oxfordshire-based Sill Lighting UK – a wholly owned subsidiary of Franz Sill – is also continuing business as usual. The UK company has worked on many high profile projects that include St Pancras Station, Heathrow Terminals 4 and 5, and the Royal Albert Hall.
What happens in both the short and long term is not fully clear, however, the lights have not yet been turned off so with the support of staff, customers and suppliers, it is hoped that they will come out of this process and continue to grow.
The preliminary insolvency administrator is
Dr. Björn Gehde
Hilgers & Partner
Goethe Straße 85