Cerbium Files for Bankruptcy after Negotiations Fail with Creditors

24 January 2019 – Eje Prime

Cerbium Holding has succumbed to bankruptcy. The entity, the parent company of the holiday rental platform Only Apartments, has filed for voluntary creditor bankruptcy, according to explanations provided by the group in a relevant event submitted to the Alternative Investment Market (MAB).

The company filed for pre-bankruptcy last November, alleging “a difficult financial situation and cash troubles”. The company needed between €600,000 and €700,000 to reduce its cash tensions.

Now, the Board of Directors has proceeded to file a request for voluntary creditor bankruptcy “since it has not been able to reach an agreement with the company’s creditors to eliminate the insolvency situation”.

Cerbium also highlighted that it will continue with the company’s activity. The group started life in February 2018, after Only Apartments completed the purchase of Texting Big Data.

Original story: Eje Prime

Translation: Carmel Drake