Seidorf Mountain Resort overwhelmed by debts, undergoing restructuring
19:22
Seidorf Mountain Resort (SMR), run by businessman Krzysztof Pleszewski, has entered restructuring amid heavy debts, including PLN 40 million in bonds now in arrears. Creditors accuse SMR of avoiding payouts and note numerous forced mortgages and enforcement proceedings. While Pleszewski claims assets exceed PLN 100 million and insists obligations will be met, 2024 results showed a PLN 3.7 million net loss and negative equity. Bond arrears exceed PLN 10 million, with interest rates near 17%. CVI, a key bondholder, was reportedly surprised by the restructuring filing.
Critics point to delays, financial opacity, and use of new sales to cover old costs, raising fears of a “pyramid” model. Pleszewski blames external shocks and denies wrongdoing.
(pb.pl)
