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Transport company moves towards liquidation: a "gravedigger" has appeared on the board

Транспортная компания движется к ликвидации: в правлении появился «могильщик»

The transport company Parme Trans, which announced the largest loss in its history in the 2022 financial year, was looking to the future with confidence in the spring, but at the end of August both the company's name and its management changed. Only the notorious liquidator of companies with a criminal past, Kalev Nergi, remained on the company's board, writes dv.ee. Queues of trucks Queues of trucks Photo: Ieva Leiniša/LETA

The transport company Parme Trans, which announced the largest loss in its history in the 2022 financial year, was looking to the future with confidence in the spring, but at the end of August both the company's name and its management changed. Only the notorious liquidator of companies with a criminal past, Kalev Nergi, remained on the company's board, writes dv.ee.

“High competition in the transport and logistics services market has resulted in the transport business being virtually unprofitable,” the management board of OÜ Parme Trans wrote in the 2022 financial report presented this spring.

The company announced a loss of more than two million euros.

According to Infobank Äripäev, unexpected changes took place in the company at the end of August: the firm changed its name to OÜ Mokinostor, and its board members also changed.

Read more at dv.ee.

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