Esser Gesellschaft für Industrie- und Rohrleitungsbau mbH

Hans Esser Gesellschaft fuer Industrie- und Rohrleitungsbau mbH positions itself as a service provider focused on mechanics (maintenance, pipeline construction) and EMR (electrical, measurement and control engineering) and cites the chemical industry as a key target market. In the short financial year from 01.04.2006 to 31.12.2006 the company reported revenue of € 11,048,030.59. During insolvency proceedings (opened 01.04.2006, lifted 29.09.2006) share capital was reduced to zero and subsequently increased to € 300,000; the insolvency plan yields a restructuring gain of approximately € 5.2 million. Staff were sharply reduced (401 employees on 31.03.2006, 177 employees on 31.12.2006) and the net loss as of 31.12.2006 amounts to € -3,047,778.44 with a non‑equity-covered deficit of € 2,747,778.44.