Insolvency in Germany 2011

2011

In a generally better business environment, it is SMEs in particular that are affected by insolvency. Financing problems are the main cause, even in basically healthy companies; large companies and groups, by contrast, are barely affected. These are the findings of a new study, "Insolvency in Germany 2011 – Trends after the credit crunch", for which experts from Roland Berger Strategy Consultants surveyed 320 bankers, financial investors and insolvency administrators.

"The crisis has peaked, but not all German companies can relax now. SMEs in particular are at risk of insolvency," say Max Falckenberg and Gerd Sievers, Partners in the Corporate Performance and Corporate Finance Competence Centers at Roland Berger. 80% of survey respondents confirm this. Among large companies with sales of over EUR 500 million, the number of insolvencies will probably decline or stagnate. Due to the rosier business situation, respondents expect the number of insolvencies to fall by at least 5%.