Bankruptcy processes and company dissolutions rebound in January
During the first month of the year, a total of 378 bankruptcy proceedings and 4,094 dissolutions have been recorded in Spain, according to the Study on Bankruptcy and Dissolutions carried out by Informa D&B , a leader in the provision of commercial, financial, sectoral and marketing information. These figures represent an increase of 4% compared to the same month in 2016, 13% more than in December in the case of competitions. After three consecutive months of declines, contest data is growing again. Valencia is in second place in terms of competitions, after Catalonia, and third in dissolutions.Construction leads the number of contests and dissolutions
Dissolutions, for their part, grew to a greater extent, 29% compared to the Belgium Phone Number List previous year, exceeding those registered in December by 52%. This is the highest figure since September.
Most of the companies bankrupt in January are microenterprises, 83%. Small companies account for 15%, medium-sized companies exceed 1% and large companies are 0.5%.
According to Nathalie Gianese,Director of Studies at Informa D&B: “After the good bankruptcy data achieved in 2016, the year in which the 5,000 registered processes fell for the first time since 2008, 2017 begins with a slight increase in bankruptcy processes, 4% more than in January 2016, and a slightly higher increase for solutions, 29%.”
The companies that entered bankruptcy in January had 3,416 employees and a turnover of close to 340 million euros, 27% less than those that began this process in the same month of 2016. Those affected by the dissolutions employed 8,500 people. and its turnover was more than 1,800 million euros, 25% below the previous year.
Catalonia leads the figures for bankruptcy proceedings and Madrid leads those for dissolutions
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Catalonia, with 78 contests, 21% of the total, is the most affected community, suffering an increase of 24%. Next is Valencia with 66, which grows by 25%, and Madrid, with 60, which only adds 1 process compared to January 2016. Three autonomies do not count any contests this month: Navarra, Ceuta and Melilla, and Galicia is the one with the most cuts in absolute value, 21 fewer contests.
Madrid, Andalusia and Valencia lead the dissolution data in January with 943, 723 and 465 respectively. Between the three they account for 52% of the total. Andalusia is the one that grows the most in absolute value, adding 371 processes.
Construction leads the data on contests and dissolutions
Construction, Commerce and Business Services are the sectors with the highest number of processes of this type in January. Construction reached 93 contests and 991 dissolutions, Commerce 88 and 847, and Business Services 49 and 578 respectively. Between the three of them they account for 61% of the contests and 59% of the total dissolutions.
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