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Is it over for the over?

Posted: Sat Aug 23, 2014 12:15 am
by Stan Doff
Yea so I'm trying for a job writing headlines for the SUN and it probably wont bother many here but the Eolo website has been down the last few times I looked and I see very few overs/neoxs for sale,
so I looked around and found this linked from a Spanish kite forum:
http://www.elcomercio.es/20130606/astur ... 61214.html

Google translation:
The Commercial Court No. 3 of Gijón has declared voluntary bankruptcy of the company Eolo Sport Industrias, located in the Industrial Park of Gijón Roces, having disputed his "current state of insolvency."

The order dated June 5, to which Efe had access, says the company requested the declaration of voluntary bankruptcy after informing the court that its estimated liability amounted to 7.98 million euros.

The proof that the state of insolvency, the company also introduced the legal and financial report, inventory of assets and rights and nominal list of creditors and other documents.

The order states that "of the documentation, seen as a whole, the current state of insolvency of the applicant shows", so declaring bankruptcy voluntary, which will be processed by the standard procedure.

Consequently, the powers of administration and disposition of its assets are taken over by the designated bankruptcy administration process.

Eolo-Sport, which exported its products to fifty countries and obtained nearly three-quarters of its sales from overseas markets in 2007, specialized in toys and kites, and its origins date back to the late 70s .

Re: Is it over for the over?

Posted: Sat Aug 23, 2014 2:43 pm
by Robert

Re: Is it over for the over?

Posted: Sat Aug 23, 2014 6:38 pm
by SteveC
Shame if they have gone, they made some very nice good spec mid price kites :(

Re: Is it over for the over?

Posted: Sat Aug 23, 2014 6:49 pm
by Robert
They went in 2012 m8 in the banking world... just been hanging in like bhs and well Woolworths went in the end.. sad times and sad days or struggling business..