9 of records have resulted a liquidation 18

If the crisis has left and still leaves stigma in our economy, if issues of funding and investment have rarely been as tense, what were the practical implications on business A new index ravages of them through this Deloitte study Altarès, analyses the phenomenon of failures over the past 5 years (2005-2009).

Collective procedures: 11.4

In all, it is more of 260 000 cases of failures that were analyzed. If the number of failures affecting micro-enterprises employing not employee is 6 lower than last year, observed on the other hand a very strong increase in failures affecting SMEs: 49 for those employing 3 200 employees, 62 for those who employ between 50 and 100 employees. In 2009, all the sectors of activity have been affected by this unprecedented crisis: to start manufacturing and real estate, who accused an increase of 25 of failures. Just behind them, the road freight sector registered a degradation of almost 21, followed closely by accommodation ( 20) and the personal services ( 14.7). The trade grew by 8. Not surprisingly, the first finding of this analysis indicates that the intensification of the crisis has triggered late 2009 an increase of 11.4 of the number of collective proceedings (out of backup), compared to 10.3 in 2008 and 5.5 in 2007.

Judicial remedy declining, but increasing preventive procedures

If the number of judicial remedies has continued to decline in 2009, the use of preventive procedures (ad hoc mandate and conciliation) has increased. That has happened to the companies through a judicial procedure 76.9 of records have resulted a liquidation, 18.2 by continuation plans and 4.9 by assignment plans. The most affected sectors The proportion of direct judicial winding-up is increasing in most of the sectors of activity, but the trade and services companies that remain fragile. If these difficulties concern the whole of the territory, 3 regions appear to be particularly affected: Ile-de-France, Rhône-Alpes region and recently Alsace, present very above average rates of direct judicial winding-up. What is the profile type affected companies In 2009, these are 3-5 years old companies that recorded the highest rate of direct judicial liquidation. And there again, no surprise: a company is significant in size or it is old, and more it was lucky to find a solution for relief.

The backup procedures: increasing

As the recovery, the backup procedures experienced an increase: with 1 452 procedures opened in 2009, they have seen their number doubled in a year, even if these backup procedures are still only 2.31 of the total of the number of collective procedures. But if the failures experienced a stagnation in the fourth quarter of 2009, backups have ceased to evolve on the rise throughout the year. Who is concerned The majority of the files affects SMEs of less than 50 employees. But the crisis appears - it also weakened the larger companies: 74 companies employing between 50 and 99 employees resorted in 2009 (i.e. three times more than last year). The sectors most affected by the backup in 2009 are trade (313 procedures, including 169 for only retail sales), the industry out of agri-food (276 procedures), services (269 procedures) and construction (262 procedures). In the end, the backup procedures open between 2006 and 2009 resulted in 53 of the cases to a backup plan. 26 have been converted into judicial winding-up and 21 were the subject of a judicial remedy. This is the area of the building, services to companies and for the TPE less of 3 employees that this passage from the backup to the judicial liquidation procedure was the more significant (30). By contrast, the company, the more it seems to have a chance to spend this procedure for the establishment of a backup plan: this was the case in 60 of the cases for SMEs more of 50 employees. What about Outlook Step complacency... Analysts of the study's authors point out in effect: "Many SMEs have succeeded in the challenge to stay the course despite the crisis, if the price of a very strong and sharp deterioration of their situation, occurred mainly between October 2008 and late August 2009." The history of previous crises (...) taught us that the peak of failures resulting from a crisis is often 2 to 3 years after birth. Many uncertainties remain thus on the level of failures is likely to stay high in 2010.