The number of corporate failures declined by 12% in the third quarter, according to the firm Altares. The summer of 2016 was the best since 2008, despite the attack that struck the south of the country in July.
Safeguard, recovery, judicial liquidation… These threats that weigh on struggling businesses are less frequent. According to the latest study published, the number of corporate failures dropped by 12% year-over-year in the third quarter.
Between July and September, about 11,422 companies were affected, compared to 12,974 a year earlier.
In detail, just over 250 safeguard procedures (-23%) were granted, knowing that in the first two years of its implementation, the safeguard introduced in 2006 saw an average of 150 openings per quarter.
Payment defaults also declined sharply, falling to less than 11,200, the lowest quarterly volume since the summer of 2008.
All sizes of businesses are impacted by this improvement. Failures decreased by 8% for companies with fewer than 3 employees, which represent three-quarters of procedure openings, by 22% for those with 3 to 100 employees, and by 17% for those with more than 100 employees. “This reduced fragility of companies, especially SMEs, promotes the maintenance of employment.
Fewer than 40,000 jobs are thus threatened by corporate failures declared this third quarter, a number down 16% compared to summer 2015 and historically low.
Compared to the summer of 2009, which was very challenging for SMEs, nearly 19,000 jobs have been preserved in just the three summer months,” the study points out.
From a regional perspective, the Paca region (-13%) seems to be holding strong despite the attack that struck the Cรดte d’Azur in July.
