The electric motorcycle manufacturer Torrot, based in the Torremirona industrial estate in Salt, has entered voluntary insolvency proceedings and has requested liquidation due to its inability to meet its debts. Commercial Court No. 1 of Girona has already declared Torrot Electric Europa SA in insolvency and has appointed Baker Tilly Concursal as the insolvency administrator.
The decision accelerates the company's closure just one year after it approved a debt restructuring plan in 2024. The workforce, of less than 50 employees, also suffers from salary delays and non-payments, so the legal process coincides with an already deteriorated labor situation.
The court suspended Torrot's management and opened liquidation
The court's order suspends the company's management and disposal powers, which now pass to the insolvency administrator. The judicial resolution also initiates the liquidation procedure, which implies the dissolution of the company.
Baker Tilly Concursal must formally accept the position and prepare a report on the company's situation within two months. This document will have to verify the available assets and establish the framework for addressing outstanding debts to suppliers and employees.
Torrot operates in Salt and specializes in the manufacture of children's, all-terrain, and urban electric vehicles. In this context, the insolvency proceedings already include the request for the company's liquidation, without a prior phase aimed at maintaining operations.
The workforce received the notice on Wednesday and faces layoffs
The employees received official notification of the insolvency proceedings this Wednesday. Sources from Intersindical explain that the company had accumulated salary delays and non-payments before the judicial resolution.
With a workforce of fewer than 50 people, the opening of liquidation now begins a period of labor negotiation that will likely end in layoffs. The minimum severance pay will be assumed by the company if it has resources, and if not, the Wage Guarantee Fund will intervene.
The economic scope of the process will depend on the inventory of assets and the debt that the insolvency administrator specifies. It will also be conditioned by the company's ability to respond to outstanding credits in Salt and to pay the amounts owed to the workforce.
The insolvency administrator has a period of two months to present to the court the report with the details of Torrot's assets and outstanding debts with suppliers and workers.