Thought this maybe of intereste to you all, Report from laverdad.es regarding Obralia constuction company involved with Corvera.
clic aquí para ver el informe en español (click here for the report in Spanish )
Translation of article
Obralia suspended payments, the construction company owned by the Young Entrepreneur of the Year .The company is implementing five promotions and low trading houses in Murcia, including a 'resort' in Corvera, and two others in Alicante
The economic crisis continues to claim victims in the Region and relentlessness with the building sector. The last, the builder of Murcia Obralia Southeast, whose founder was honored just a few months ago with the Young Entrepreneur of the Year award.
Obralia is a powerful business group dedicated to building, civil engineering and real estate development, and was running major promotions in five homes and premises of the region, including a luxury resort in Corvera, and two other of Alicante.
The construction company, which employs more than a hundred workers, introduced on Monday afternoon contest voluntary creditors-old suspension of payments, which resulted in a string of rumors and concern among several subcontractors to be paid work already completed and which, in turn, showed their fear they might be prone to closure if they do not charge.
The rumors were triggered in the morning, when workers in the early hours were presented in the works of the resort being built in Corvera they found the doors locked.
There, a number of small businesses that have outsourced jobs were attended by a spokesman for the promoter of urbanization, which upheld the suspension of payments by Obralia Southeast on Monday, but reassured them by saying that the promoter will be responsible for completing the Construction of the over one thousand houses that Obralia, along with other companies, was rising near the airport.
The paradox is that last April the founder and president of the company Obralia Southeast, Jose Gomez, was honored with the Young Entrepreneur of the Year Award, an award which annually recognizes the work of entrepreneurs under 40.
According to the official statement released yesterday by the builder, which is based in the Leopold and offices in Torre Godoy, in Murcia, the request for voluntary assistance of creditors was filed on Monday in the Mercantile Court at the initiative of its own company "to ensure its viability in the future, before they deteriorate their financial situation by failing to comply with the obligations of immediate payment."
Representatives Obralia assured that the suspension of payments "has been caused by the failure of substantial quantities from major customers and the expectation that this balance will increase substantially in coming dates, coupled with the current financial crisis involving extraordinarily difficult financial institutions in an acceptable solution. "
The company wanted to send a message of calm to the many affected by the suspension of payments, and assured that works for now, "within the framework of stable arrangement with creditors and management supervised by the bankruptcy administrators, ordering the production activity and provide a According to reasonable payment to creditors. "
At the time the company received the award, was working in Murcia, Almeria and Alicante with the execution of important works, such as the business park Parquealamo and promotions mentioned.
This message was last edited by davey on 10/29/2008.