Järvisydän, a spa hotel located in Rantasalmi, Finland, has revealed a substantial financial crisis through its application for corporate restructuring, showing overdue purchase invoices amounting to over 3.4 million euros. The majority of these debts are owed to leasing companies and suppliers, indicating significant liquidity issues for the business. The company's restructuring application was filed at the end of January, and the North Savo District Court approved the commencement of restructuring proceedings in February, underlining the seriousness of the situation.

The court deemed that information regarding the company's financial conditions, debts, and creditors are public, but parts of Järvisydän's application remain confidential until January 2031 due to business secrecy. This financial distress was highlighted in media reports, which the company states has adversely affected both its occupancy rates and the demand for its services, as potential customers may be deterred by the negative publicity surrounding its financial situation.

Among the company's creditors, Siemens Financial Services Ab holds the largest individual claim, with over 416,000 euros owed. This leasing company provides financial solutions for businesses and represents a significant portion of Järvisydän's liabilities. Along with other suppliers and leasing firms, the ongoing collection efforts related to the overdue invoices are drawing increased media attention, emphasizing the challenging landscape that Järvisydän must navigate to achieve financial recovery.