Company bankruptcies: Ticino is the problem child
According to Bisnode D&B, the business information service, there were 15 percent more company bankruptcies this year, but seven percent fewer start-ups compared to the previous year. According to the latest survey, Ticino is the "shadow room" of the Swiss economy in this respect. The reasons?
However, the current analysis of company bankruptcies and foundation figures for the first three quarters of 2017 also shows that the situation is better in Switzerland as a whole. Insolvency proceedings were opened for a total of 3,487 companies. This is an increase of three percent.
As Bisnode already pointed out in 2016, Ticino, along with regions in western Switzerland, also shows the worst payment behavior: 61.5 percent of bills are paid late here (as of November 2016).
Sectors concerned
In relative terms, there were particularly high numbers of bankruptcies in the construction, hospitality and skilled trades sectors. Suppliers who deliver to these industries face up to three-and-a-half times the risk of their customers going bankrupt, leaving their invoices unpaid. That is why an early and comprehensive credit check is essential.
There was a four percent increase in startups from January to September 2017 compared with the same period last year. The wood and furniture industry, the hospitality industry and business service providers were particularly startup-intensive sectors.
More details (PDF) on company bankruptcies and incorporations in Switzerland can be found at this Link
