The online platform Lovebiirds, which helps brides and grooms plan their weddings, is struggling with financial problems. The company is largely owned by Burgenland Business Agency. The ÖVP has criticized it.
The company, based in Mattersburg, was founded in December 2021 – with the participation of the Burgenland Business Agency. As a digital wedding platform, you can plan the event from home. A year later, the business agency even acquired the majority of the company’s shares: 81.18%.
“Apparently bankrupt”
But even then, things were apparently bad. The 2022 annual accounts show a net loss of 277,432.74 euros. “Why did the shares rise?” asks ÖVP state manager Patrik Fazekas. The company’s situation remains critical. Debts as of July 31 amount to 149,923.07 euros. According to Fazekas, settlement agreements are being drawn up and sent to creditors to avoid bankruptcy proceedings. “Doskozil’s wedding planner is clearly insolvent,” Fazekas said. The ÖVP is now demanding clarification on how much taxpayers’ money has been wasted.
Valuable software
The Burgenland business agency emphasizes that Lovebirds is a “new, fully digital e-market platform for wedding planners”. The beginning was promising. The founder’s health problem is said to have brought this development to an abrupt halt. “The operational activities are currently suspended,” says Michael Gerbavsits, Managing Director of the Business Agency. Attempts are being made to find external investors and buyers for the specially developed and valuable software. They are trying to reach an amicable settlement with the creditors. “The aim is to reduce the company’s debts and thus make it marketable to a potential buyer,” says Gerbavsits.
Source: Krone
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