The director of a Danish furniture business has faced four police reports following the company's bankruptcy in May 2025. The bankruptcy was initiated after an employee filed for non-payment of wages in April, leading the Bankruptcy Court in Herning to issue a forced dissolution.
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Lawyer Lars Bentsen, the trustee in the bankruptcy estate, stated the reports relate to "economic crime for personal gain," alleging the director of Møbelpolstrer & Kalechesmeden spent company funds on himself. Additional reports have been filed by the company's accountant, auditor, and the buyer of the business, Mads Kramer Sørensen.
The trustee plans to pursue bankruptcy quarantine proceedings against the director, who has legally changed his name to John Olia Scott. Bankruptcy quarantine may prevent a person from managing a business for up to three years if deemed unfit due to "grossly irresponsible business conduct."
Founded in 2007, Møbelpolstrer & Kalechesmeden employed six staff in addition to the director. Despite reporting a positive equity of DKK 323,145 in the 2023/24 financial year, the company had no funds in its account at the time of bankruptcy. The trustee noted that customer payments made via MobilePay were directed into the director's personal account, creating what he described as "a kind of alternative economy."
The case highlights ongoing scrutiny of corporate governance and financial mismanagement in small Danish businesses.
Source: www.wood-supply.dk
