Urgent.News

What's breaking now, across thousands of outlets.

Business

Konkurs: – Helt stopp

Oslo-entreprenøren hadde 45 ansatte på det meste. Nå er det slutt etter oppdragstørke.

Konkurs: – Helt stopp

A bankruptcy has been declared for SRK Byggentreprenør AS, a construction and contracting company based in Oslo. Established in 2016, the company operates in various parts of Norway, primarily specializing in large residential projects in Oslo and Hamar.

The company had 45 employees at its peak, but this number has drastically reduced to just 35 in the current year. Previously, at its highest point, the company had over 40 employees. The financial struggles have led to a total debt of around 8 million kroner, according to the managing director, who is currently unaware of the exact remaining amount.

The decline in business is attributed to the rising interest rates and increased costs in the construction industry, coupled with intense competition and thin profit margins. Similar bankruptcies have been reported in other regions of the country, such as Rogaland, Vestland, and Ørland. The recent closure of companies like JK Entreprenør and F8 Entreprenør, which employed 14 and 40 people respectively, adds to the alarming trend.

Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at e24.no →

More in Business

More from Thursday 3 September →