No. of business bankruptcies in CR is highest since January 2008

​A total of 117 companies and 418 natural persons - entrepreneurs went bankrupt in September, the total number being the highest monthly figure since January 2008, according to the latest analysis carried out by CRIF - Czech Credit Bureau.
 

​Compared with August, the overall number of business bankruptcies rose by 59 cases.

In the past 12 months, 1,361 companies declared bankruptcy, up by 42 in year-on-year comparison. The number of bankruptcies of natural persons doubled to 3,960 in the same period.

In September, 318 bankruptcy petitions against companies were filed. The number has been declining since February.

The number of bankruptcy petitions against natural persons dropped by 30 to 532 against the previous month.

Over the past 12 months, the number of bankruptcy petitions against companies decreased by 262 year-on-year to 4,334, while the number of bankruptcy petitions against natural persons doubled to 6,220.

One third of all company bankruptcies in September was declared in Prague and 14 percent in the Jihomoravsky region.

In terms of sectors, the highest number of company bankruptcies in September was declared in services, retail trade and catering (66 pct in total). In the past 12 months, these sectors accounted for 62 percent of all bankruptcies.

The fastest growth of the number of bankruptcies was registered among companies in the manufacturing industry (by 6 pct) and retail and catering (5 pct).

Over the past 12 months, there were 36 bankruptcies per 10,000 companies. The construction sector registered a double increase in bankruptcies (73), while the lowest number of bankruptcies was seen in services (26).

The highest number of bankruptcies of natural persons - entrepreneurs in September was declared in the Moravskoslezsky region, (15 pct) and the Ustecky region (13 pct), while the lowest number was seen in the Vysocina and Jihomoravsky regions (1 pct each).

Over the past 12 months, the highest number of bankruptcies of natural persons was recorded in the Moravskoslezsky and Ustecky regions, which both accounted for almost one third of the total figure.

The number of personal bankruptcies declared in September amounted to 1,636, down by 26 against the previous month. The number of personal bankruptcy petitions fell by 68 to 1,943 on the month, the lowest figure since January, CRIF said.

In the past 12 months, a total of 18,700 personal bankruptcies were declared, up by 20 percent year-on-year, and 25,402 personal bankruptcy petitions were filed, up by 14 percent on the year.

The highest number of personal bankruptcies in September was declared in the Jihomoravsky region (15 pct) and Ustecky region (14 pct), while the lowest number was seen in Vysocina (3 pct) and the Pardubicky region (4 pct).

In the past 12 months, the highest number of personal bankruptcies was registered in the Ustecky and Stredocesky regions (13 pct each), while the lowest number was recorded in Vysocina and the Zlinsky region (3 and 4 pct, respectively).

The biggest annual increase in the number of personal bankruptcies was registered in the Pardubicky region (four times the average) and the Jihomoravsky region (by 54 pct). Two regions recorded a fall in the number of personal bankruptcies, namely the Plzensky region (-15 pct) and the Karlovarsky region (-8 pct).

In the past 12 months, there were 17.8 personal bankruptcies per 10,000 people, compared with 14.9 a year ago.

Business bankruptcies

Source: CRIF – Czech Credit Bureau

Personal bankruptcies 

Source: CRIF – Czech Credit Bureau

CTK, 2. 10. 2013, 16:20, Section CTK: cce bns, Author: tam