One in four companies that have gone bankrupt in Spain from the beginning of the year until July 31 have done so in Catalonia. This is confirmed by the latest data from Iberinform, which points to a year-on-year increase in business tenders of 69% in Spain during the first seven months of the year, with the blow inflicted by the third wave of the pandemic.
Thus, after the Catalan region, Madrid with 22% of the total, Valencian Community (15%) and Andalusia (8%) are the autonomous regions where more companies have failed. In total, so far this year, 3,838 entities from all sectors have filed for bankruptcy in Spain. By order, services stood out (61%
of the total), construction (21%) and manufacturing industry (14%).
Some numbers, which, as Iberinform points out, are supported by the bankruptcy moratorium, which has lasted since March 2020, and by the support of loans ICOMechanisms provided by the Government within the framework of containing the pandemic, when “economic measures were adopted that not only reduced insolvency activity to a minimum but also frozen for a few months the decision-making to create and destroy companies.” In this sense, it indicates that although the current moratorium will end on December 31, 2021, the data already reflects an increase in bankruptcy levels.
Although increasingly moderate. In July, the year-on-year difference in business bankruptcies was 30%. With this data, Iberinform points out that “they are already reduced to values very similar to 2020, so it is to be expected that these accumulated percentages will gradually soften throughout the year.”
But the effects of Covid-19 They are also noticeable in the dissolution of companies, which registered a year-on-year growth of 26% from January to July. Along these lines, Madrid with 28% of the total cases, Andalusia (14%) and the Valencian Community (12%) were the ones that registered the most dissolved companies -than not insolvencies-, followed by Catalonia (7%) and Galicia ( 6%).
On the other hand, the positive data is provided by the business constitutions, which also rose driven by the reactivation of consumption and the return, although at a lower level than expected, of tourism. In the first seven months of the year, 45% more companies were formed (64,635 in total), although it should be noted that the data andThey are conditioned by the low activity of the second quarter of last year during the first state of alarm.
And Madrid is the region that sees the most firms being born. Nearly one in four companies (24%) originated in the capital region. They complete the podium Catalonia (19%) and Andalusia (17%). The latter, as this newspaper advanced, is already on the heels of Catalonia in business creation, surpassing it in up to eight different months from the start of the pandemic, according to the INE.
By sectors, the establishment of companies is dominated by the service sector (54% of the total), after which is the construction sector, which already accounts for 31% of the creations. The manufacturing industry follows by far (5%).
The big company resists
According to the latest study on companies in competition carried out by the Cesce subsidiary, Informa D&B, the large company is the one that best resists the onslaught of Covid-19. Thus, while in June 2020 it represented 4% of all tenders, in the same month of this year its participation drops to 0.6%. In fact, in none of the monthly series between the two dates has it exceeded 2% of the total.
For its part, the percentage of tenders in medium-sized companies moved in a range between 3% and 1%, while in small companies it did between 10% and 7%, with the exception of March, when they stayed in 5%. For what were the microenterprises and autonomous those that covered most of the competitions by registering 80% of the bankruptcy processes initiated in the last year, reaching 91% of the total in June.
The same report indicates the leadership in bankruptcies of Catalonia, which even exceeded 30% of the total by autonomous communities in the months of July 2020 and January 2021.