Clearing house is in trouble
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ONE of the biggest transpoi clearing houses in Norther Germany, Logemann KG Bremen, is involved in ban!, ruptcy proceedings with debi to a number of British firm writes our Brussels corre; pondent.
But the company denie speculations this week that th total debts could be as high e. £500,000.
The firm's founder, Ham Detlef Logemann, told CM: It not even half as much".
Logemann KG began open tions 11 years ago and no, employs about 32 people wit offices in Hamburg, Berlin, an two other cities.
Mr Logemann attributed fa: ure to his specialisation in if import and export of meat, e pecially from South America.
Over the past six months h meat trade has declined an eight weeks ago he was force to sell his four lorries.
Mr Logemann, whose fin had a turnover of DM 401 (about £10m) last year, said: ' hope it will be possible at sontime to start up again'
At present the firm is still , business on a limited scale pei ding the result of the bankrupt( proceedings.