Construction crisis with consequences

Where the wave of bankruptcies is now picking up speed

Nachrichten
10.07.2024 14:00

With 238 insolvency proceedings opened, there were almost 90 more than in the first half of 2023, liabilities rose to 206 million euros - the wave of bankruptcies has picked up speed in Upper Austria. What is making it difficult for companies and in which sectors are more businesses going under? We asked an expert from KSV 1870.

The boom during the coronavirus pandemic led to an increase in employees and stocks. With the war in Ukraine, the energy crisis and inflation, demand for sporting goods stuttered, which meant that warehouses remained full, money was tied up and too little was being taken in ...

In a nutshell, this is the situation that led to Texspo Textil- und Sportartikelgroßhandels GmbH being declared bankrupt on June 28. With liabilities amounting to eight million euros, the sportswear specialist from Linz was one of the five largest insolvencies in the first half of the year.

The sad leader here was Syn Trac GmbH from Bad Goisern: The special vehicle manufacturer came to rest with a mountain of debt of 14.5 million euros.

With 14.5 million euros in liabilities, Syn Trac GmbH was responsible for the largest insolvency of the first half of the year in Upper Austria. (Bild: Krone KREATIV/Adobe Stock)
With 14.5 million euros in liabilities, Syn Trac GmbH was responsible for the largest insolvency of the first half of the year in Upper Austria.

The burden of increased costs remains 
The wave of bankruptcies in Upper Austria between January and June got off to a huge start with companies opening 238 insolvency proceedings and accumulating a total of around 206 million euros in liabilities.

Zitat Icon

Every time insolvency proceedings are opened, the entrepreneur has the chance to restructure the company and the creditors have the opportunity to receive quota payments in an orderly environment.

(Bild: Starmayr)

Petra Wögerbauer, Leiterin der Region Nord beim KSV 1870

"The economic situation of many companies is tense", says Petra Wögerbauer from Kreditschutzverband 1870, "the increased costs often cannot be passed on to the end customers to the same extent".

Increase of almost 60 percent
Compared to the first half of 2023, the number of insolvency proceedings opened rose by almost 60 percent. Three sectors are particularly affected: 71 companies in the retail sector went bankrupt, 61 in the construction sector and 51 in the catering industry.

Wögerbauer reckons that the number of company bankruptcies could crack the 700 mark this year - including those cases where no proceedings are opened because the advance payment of 4,000 euros cannot be paid or assets of 4,000 euros are not available.

This article has been automatically translated,
read the original article here.

Loading...
00:00 / 00:00
play_arrow
close
expand_more
Loading...
replay_10
skip_previous
play_arrow
skip_next
forward_10
00:00
00:00
1.0x Geschwindigkeit
Loading
Kommentare

Liebe Leserin, lieber Leser,

die Kommentarfunktion steht Ihnen ab 6 Uhr wieder wie gewohnt zur Verfügung.

Mit freundlichen Grüßen
das krone.at-Team

User-Beiträge geben nicht notwendigerweise die Meinung des Betreibers/der Redaktion bzw. von Krone Multimedia (KMM) wieder. In diesem Sinne distanziert sich die Redaktion/der Betreiber von den Inhalten in diesem Diskussionsforum. KMM behält sich insbesondere vor, gegen geltendes Recht verstoßende, den guten Sitten oder der Netiquette widersprechende bzw. dem Ansehen von KMM zuwiderlaufende Beiträge zu löschen, diesbezüglichen Schadenersatz gegenüber dem betreffenden User geltend zu machen, die Nutzer-Daten zu Zwecken der Rechtsverfolgung zu verwenden und strafrechtlich relevante Beiträge zur Anzeige zu bringen (siehe auch AGB). Hier können Sie das Community-Team via unserer Melde- und Abhilfestelle kontaktieren.

Kostenlose Spiele