By an order on 30th June 2025, the Local Court of Ulm, Germany, ordered provisional insolvency administration for the assets of NeroForce GmbH. The court has appointed Georg Jakob Stemshorn from PLUTA Rechtsanwalts GmbH as provisional administrator. The PLUTA team also includes business lawyers Maximilian König (M.Sc.) and Nico Kwiatkowski (LL.B.). The restructuring experts are working with Managing Director Andreas Müller to find an investor for the business.
Difficult general conditions
Since its founding in 2019, NeroForce has established itself as a reliable partner in the industry, offering a comprehensive range of high-quality tools, machines, and consumables. These are sold directly to customers and via an online shop. Its core range consists of buffing blades and grinding tools developed in-house. In addition to items for the retreading industry, it also sells high-quality products for conveyor belt facilities, tyre service centres and many other industries. The company supplies customers in Germany, Austria, Switzerland, and other European countries, as well as the US and Asia.
The company has had to file for insolvency due to liquidity problems. The retreading industry is facing pressure at this time on account of rising volumes of cheap imports, intense competition and more. Despite its innovative product range, the young company has not been able to build financial reserves because of the difficult conditions. Additional pressures and seasonal variations in sales have further strained its liquidity. The company has filed for insolvency with the aim of putting the business on a viable footing under the proceedings.
It is continuing to operate without restrictions and provide all services during the provisional proceedings. Customers can order as usual in the online shop. The aim of the provisional proceedings is to devise a sustainable continuation solution, ideally involving an asset deal.
The employees’ salaries are guaranteed thanks to specific substitute benefits provided under German insolvency law. Managing director Andreas Müller said, “We are confident of finding a long-term solution during the proceedings. The initial response from customers and suppliers has been positive, which shows confidence in the company’s ongoing operations.”
Discussions planned with investors
Provisional insolvency administrator Stemshorn is working with the company’s managing director on a solution. Their priority is to target potential investors with a view to protecting the existing structures and preserving long-term competitiveness. This will also involve reaching out to foreign investors.
“We want to stabilise the business and find an investor that will recognise the company’s potential and drive its further development. For this, we will hold discussions with interested parties over the coming weeks,” said Stemshorn. The restructuring expert will also conduct a detailed analysis of the company’s financial position, which will be used as the basis for launching the process of finding an investor.
