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Thursday, May 30, 2024

Morocco: Over 12,000 Failing Companies in 2022 (Study)

The number of failing companies in Morocco reached 12,397 in 2022, up 17.4% compared to 2021, according to a study carried out by the firm Inforisk.

By category, 99.2% of these insolvencies concern very small enterprises (VSEs), while small and medium-sized enterprises (SMEs) account for 0.7% and large enterprises (LSEs) 0.1%, the study says.

The increase in insolvencies is partly explained by the low use of the safeguard procedure (barely 27 in 2022), notes Inforisk, adding that Moroccan companies are still “poorly aware” of existing preventive measures.

By city, the Casablanca-Rabat-Tangier axis is involved in almost half of all insolvencies (41%), ahead of Marrakech (7%), Fez (6%) and Agadir (4%), the study reveals, pointing out that 33% of failing companies operate in the trade sector, 21% in real estate, 15% in construction and public works (BTP) and 8% in transport.

 

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