Failures on the rise in Switzerland: bad even Ticino

The number of failures for insolvency suffered in April jumped by 25% to 424 over one year, according to Bisnode' note today , international economic information companies.

To be precise, in the first four months of the year, 1,541 companies have brought books in court for insolvency figures up 9% over one year. In Ticino, from January to April the failures for insolvency were 112 (+ 13%). Graubünden has gone from 18 to 23 bankruptcies (+ 28%).

The number of failures for insolvency is in fact down during the review period by 9% in central Switzerland and 6% in the Espace Mittelland. In all other regions – thus including the Ticino and Graubünden, the latter calculated in the region of Zurich – there has been an average of 28% increase.

The sectors most affected are those that depend significantly on the performance of the euro: machinery and precision instruments, retail and wholesale, the restaurant industry.

Also taking account of the payments due to organizational reasons on the basis of article 731b of the Swiss Code of Obligations, the number of companies that have completed the activities were a total of 2.184 between January and the end of April, up 15% over one year. In Ticino, the increase was 25% (183 of 228 companies from January to April 2015) and the Grisons by as much as 93% (58 enterprises, 30 of January to April 2015).

Also from January to April 2016, the establishment of new business came to a halt: 13.893 companies were entered in the commercial register, an increase of 2% over one year. In Ticino, in contrast to the national average, it has declined by 22% while for Graubünden the sign is very positive with a + 20%.