Nok en hyttebygger konkurs: – Vedvarende svikt

MWC Hus og Hytter As, a company based in Oslo, filed for bankruptcy on Thursday of last week, as announced in the Brønnøysundregistrene. The company, which has built holiday homes in popular destinations such as Hafjell, Hemsedal, Nesfjellet, and Norefjell, has been operating in a challenging market for the past few years. Despite facing difficulties, the company continued to sell prefabricated holiday homes year-round.

The bankruptcy filing reveals that MWC is responsible for its own debts totaling 11.5 million kroner. Ingrid Tronshaug, a tenant, stated that there were three employees present during the bankruptcy announcement, while the company had previously had six employees. The company's chairman and CEO, Arne Langeland, expressed gratitude to employees, customers, and partners who supported the company throughout its operations.

Langeland acknowledged that the market for new houses and recreational homes had been challenging over the years, and the general uncertainty in the market had made it difficult to maintain an adequate activity level. He attributed the company's bankruptcy to the persistent underperformance in the market for new constructions, which he deemed the main reason for the failure. MWC's sister company, MWC Prosjekt As, is also involved in bankruptcy proceedings, while MWC AS filed for bankruptcy in April.

MWC Hus og Hytter As was established as late as 2023, according to the Brønnøysundregistrene. The company generated around 28 million kroner in its first operating year, with a pre-tax profit of 2 million kroner. In 2024, the company's income nearly dropped to 17 million kroner, with a pre-tax profit of 0.6 million kroner. The company's capital stood at approximately 1.5 million kroner at the end of 2024.