Liquidations and receiverships increased by 51.6%, reaching 42,640 over the last 12 months. Jirapong / stock.adobe.com
After two years of lows, corporate defaults could return to normal levels as early as 2023.
Reflecting the normalization of the economy, but also its relative resistance to inflation, the number of legal proceedings initiated against companies is increasing. However, it remains at a lower level than that recorded in 2019, before the Covid-19 pandemic. That year, the Banque de France had counted 51,145 failures, compared to 42,640, or 17% less between February 2022 and January 2023.
After months of a virtual freeze in procedures during the health restrictions, insolvencies began to rise sharply again in October 2021. Since the war in Ukraine and the surge in inflation, the trend has accelerated. In one year, the number of companies on the carpet has thus increased by 52%. The most affected sectors are accommodation-catering (+108%), industry (+70%), automobile repair (+56%)… In terms of size, these are, unsurprisingly, small businesses. size that suffer the most. Failures fly away…
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