Danish holiday home developer Feriehusspecialisten in financial trouble

[Italkcash Newsfeed]

The Danish holiday home developer Feriehusspecialisten ApS seems to be one of the next the fall in the Danish game of domino. The company has been a known as a primary construction subcontractor for Kristensen Group the Danish real estate developer. They have been one of the main contractors on location on both Denmark and Germany. German Contractors who has worked for the company calls the company “Falle Spezialist” meaning trap specialist because the company trap the contractor to work without getting paid.

It is unsure what effect a bankruptcy on Feriehusspecialisten will have on Kristensen Group who is a big developer in both Denmark and Germany.


The Doc

[Italkcash Newsfeed]

The danish construction company who is buidling the big resort for Kristensen Group - Sohojlandet Golf Resort - is late on all payments for subcontractors. Subcontractors are working 2 weeks then leaves the construction ground for 2 weeks waiting for their payment and then continue the project. This just shows how close this construction company is to bankruptcy.

As investor be carefull that you are not trapped in case of a bankruptcy with the construction company.


The Doc