2024-05-23 17:05:37
In a difficult financial context, the variety of Colombian firms in search of safety below the Insolvency Regulation has skilled an alarming enhance of 147% within the final decade, in keeping with information revealed by the Superintendency of Corporations.
As of December 2023, greater than 4,400 firms have chosen to profit from Regulation 1116 in an effort to barter agreements with their collectors and thus protect their operations.
This important enhance in enterprise reorganization requests has raised issues concerning the monetary well being of the Colombian enterprise neighborhood. Though 0.4% might look like a modest fraction, it’s essential to needless to say practically 200,000 jobs rely upon these productive models.
An in depth evaluation reveals a marked pattern throughout the pandemic. In 2020, with the devastating financial affect of confinement, 1,292 reorganization requests have been registered. Though slight decreases of 8% and 6% respectively have been noticed in 2021 and 2022, the yr 2023 introduced with it a rise of 10%, totaling 1,420 functions.
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Oscar Manco, CEO of Belief Funding, highlighted that the yr 2023 was notably difficult, with a sustained decline in income and a reluctance of firms to take a position. “Many firms have been compelled to scale back their workforce within the face of a declining income base,” he famous.
The companies sector has been particularly affected, accounting for roughly 40% of functions. “Service firms, though working at comparatively low prices, are particularly weak to any decline in income, which may result in difficulties assembly their monetary obligations,” Manco defined.
Confronted with this worrying panorama, enterprise leaders and authorities authorities face the problem of implementing efficient measures to help financial restoration and assure the long-term viability of Colombian firms.
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