2023-04-18 04:14:37
The number of business failures in France continued to rise in the first quarter of 2023, according to the Altares study, returning to 2019 levels. VSEs are particularly affected.
The number of business failures increased by 43.6% in the 1st quarter of 2023, compared to the same period last year, according to the latest figures from the Alteres consultancy. In total, 14,317 of them are affected by the opening of collective proceedings. A figure which corresponds to the failures recorded before the Covid pandemic in 2019.
Without reaching the record for judicial liquidations, the upward trend continues The 1st quarter of 2022 saw a 50% increase in insolvencies in France compared to the start of 2021. This new increase of 44% shows that the pace is not slowing down not.
This is all the more visible as direct judicial liquidations have reached their highest historical level. They now account for more than 10,000 of the 14,000 failures recorded this quarter. That is an increase of 41.9% over one year.
VSEs particularly affected
The companies most affected by this movement are the smallest. Thus, 92% of failures concern companies with less than 10 employees. These VSEs are 13,200 to have gone out of business at the start of 2023.
Good news, however, for young companies. Those created less than three years ago are now less likely to be the subject of a procedure: 1,520 of them defaulted, or 21% less than a year ago.
Trade, transport and real estate, weakened sectors
In detail, certain sectors of activity are particularly suffering and are returning, at best, to their pre-Covid values. This is the case, for example, of the retail trade, where the number of failures is up by nearly 50% over one year. We have to go back to 2018 to find such a number of procedures.
Same thing with freight transport. The failures concern 363 companies in the first quarter of 2023. However, the bar of 300 procedures had not been crossed for five years, specifies the Altares group.
The increase is also impressive for real estate agencies, which are up 96% compared to the first quarter of 2022, the highest since 2015 this time.
Regional disparities
“The return to the situation before Covid, in 2019, is already there. It is now 2018 and its 55,000 faults that is in sight”, according to Thierry Millon, director of Altares studies.
Some regions are also returning to their pre-crisis level. Five of them exceed the number of failures observed at the start of 2018. This is the case of Hauts-de-France, where the bar of one thousand procedures initiated has been exceeded. Occitania and New Aquitaine are also returning to their level of defects at the time.
The strongest increases over one year concern Centre-Val-de-Loire (+58% compared to the first quarter of 2022) and Corsica (+120%).
Top Articles
1681792553
#number #business #insolvencies #rise #quarter