When it comes to the financial health of companies and bankruptcies, we have a better understanding of the current state of affairs than anyone else. In these special times it is very important to keep a finger on the pulse on the financial health of your buyers and suppliers. The barometer shows the current bankruptcies every month in comparison with previous periods and other sectors.
A total of 191* bankruptcies were declared in May 2022 (reference date 10-6-2022). That's 85 more than the number of bankruptcies last month, April 2022 (106), 41 more than the same period in 2021 (150), 120 fewer than the same period in 2020 (311) and 104 fewer than the same period in 2019 (295).
With 206 bankruptcies, November 2021 is the month with the most bankruptcies in the past 12 months. Since the beginning of the corona crisis, the number of bankruptcies has been low, even lower than before the corona crisis. This is a result of government support to ensure that normally healthy organizations stay afloat during the crisis. A side effect of these support packages is that financially unhealthy organizations also do not go bankrupt.
*The figures in this report are provisional and may be subject to change.
Bankruptcies by sector in May 2022
In April, most companies in the Trade sector went bankrupt, namely 37, for the whole of 2021 this was also the sector with the most bankruptcies, namely 291. The Construction sector also stands out in a negative sense because of the high number of bankruptcies (33).
When comparing the number of bankruptcies to the total number of companies in an industry, we see that the hits are mainly in the Transportation and Warehousing sectors, followed by Industry and Construction.
Altares Dun & Bradstreet: your data partner
Altares Dun & Bradstreet helps organizations create a corporate culture that prioritizes data as a strategic weapon. Our Dun & Bradstreet data cloudis an inexhaustible source of information, with insights that 90% of all fortune 500 companies access daily. Do you need help setting up a master data management strategy? Get in touch with us.