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The court declared Ursus bankrupt. The end of the legendary tractor brand

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Proposal for bankruptcy Ursus, a manufacturer of agricultural tractors, were submitted by Getin Noble’s creditors Bank and PKO BP. The court’s decision is not final, but it is effective and enforceable on the day of its issuance – statesRepublic“.

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The fall of Ursus

Ursus has been struggling with problems for several years financial. At the end of 2020 company filed an application for restructuring proceedings, and in March this year. for the opening of rehabilitation proceedings. However, on July 12, the district court in Warsaw rejected it and declared Ursus bankrupt, and KGS Restrukturyzacje was appointed receiver.

At the beginning of the year, the company terminated the most important credits. The Industrial Development Agency ordered the return of over PLN 15 million. A few days later, mBank made a similar request, he says money.pl. The company closed last year with a net loss of PLN 56.7 million.

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Ursus was founded in 1893

Ursus is a company from the automotive sector, which was a leading manufacturer of agricultural tractors and machines. It was established in 1893 in Warsaw on the initiative of engineers Ludwik Rossman, Kazimierz Matecki and Emil Schönfeld as well as entrepreneurs Stanisław Rostkowski, Aleksander Radzikowski, Karol Strassburger and Ludwik Fijałkowski. On the Warsaw street gie³dê entered in 2008.

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