Business bankruptcies and liquidations in Italy: +26% in 2023
According to data from the Cherry Sea Observatory, there were 7,737 companies filing for bankruptcy or liquidation in Italy in 2023, up 26 percent from 2022. Of these, 7,305 were liquidations and 432 were bankruptcies.
The increase in numbers is due to several factors, including the end of pandemic-related support measures, increased production costs, reduced demand, and the absence of forecasting tools.
In this context, it is important for companies to equip themselves with systems or tools that can detect a possible crisis. Prevention, in fact, is the best way to avoid bankruptcy or liquidation.
If an enterprise detects the signs of crisis, it is important that it acts promptly to prevent it from escalating.