Start new company It’s never easy. this The first years Generally any society especially complex, because revenue rarely meets the investments needed to start the business from scratch, and any miscalculation can be fatal. a situation further complicated by outbreak of the pandemic and the associated sharp decline in consumption and activity.
The result is that one in five companies created in the Valencian Community is practically already closed in the last five years doors, according to a study by a specialist firm Report Database. Some numbers are logically higher in companies that set up the drills before Covid arrived.
In this way the total 53,915 companies established In autonomy between 2017 and 2021, 10,556 have previously applied for deregistration, entered bankruptcy proceedings or simply, they do not show activity according to the sources of information available to the consultant mentioned above. This represents a high mortality rate of 19.58% compared to the national average of 19.99% for the same period.
Communities where more companies are downloading the blind, melilla Y Ceuta29.47% and 27.72% of all businesses started in the last five years, respectively, disappeared. An evolution closely linked to the physical closure of borders with Morocco, which has significantly slowed the economy in autonomous cities. follow him Canary Islandswith a death rate of 23.7%; Andalusia, with 21.3%; Y Cataloniawith 20.74%.
On the contrary, generative fabric has been shown to be more durable. Estremadurawhile the percentage of inactive companies is 15.86%; Rioja, with 15.91%; most Basque Country, with 17.04%; Y Castile and LeonWith 17.06%, which is also related to its economic structure, it is less connected with tourism and other consumption sectors that are particularly affected by the pandemic.
Although the study does not provide data broken down by communities, at the national level, the sector in which the most recently created companies failed during this time, Textile, making and skin, with 26.19% missing signatures over the total number of new constitutions. As expected, another of the activities with the worst numbers, hostelWith a mortality rate of over 24%. In the case of TradeWhile it reaches 22.82%, the private incidence in wholesale trade is 23.77%.
On the other hand, only 4.7% of listed companies public sector closing is over and there are also less errors financial intermediation (11.27%); most healthwith only 13.56% loss; wave farmingwith 15.49% according to the study.
critical moment
As the professor of Business Organization at Elche Miguel Hernández University points out, Jose Maria Gomez Grass“Traditionally it has always been said that three years critical time It’s probably even shorter now, after the effects of the pandemic, to find out if a company can consolidate.” In this context, Gómez Gras argues that the key factor is usually a good business plancheck treasure. “You need to take into account not only whether it is sold, but also when it is collected. and when is it paid. Because if you pay in cash, but it takes time for your customers to pay you, as often happens, you’ll run into problems,” explains the expert.
In other words, it is even more important in new companies to know how to manage resources and have enough kidneys to wait for the cash flow to come.
In this sense, the report itself is the death rate in the first five years of life. much higher among newly established companies With less social capital. Specifically, it reaches 21.66% for companies with a capital between 3,000 and 6,000 euros, while it drops to 8% for those with an initial contribution of more than three million euros.
As José María Gómez Gras points out, Informa DB data shows that the highest mortality rates occur in companies with more than three years. In this way, 45.7% of those established throughout the country in 2017 have already disappeared, and 39.5% of those established in 2018 have been closed. Among those born in 2019, the mortality rate drops to 7.6%, while those born in 2020 and 2021 present a loss percentage of only 2.75% and 1.09%, respectively.