In June, Sweden faced a notable increase in bankruptcies among limited companies, with 864 businesses filing for insolvency. This marks a 3% rise compared to the same month in 2023, which itself had recorded exceptionally high bankruptcy rates.
Concurrently, new business formations have declined sharply, with only 2,758 limited companies launched in June 2024—a substantial 18% drop from the previous year.
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In an article on Ehandel, Henrik Jacobsson, CEO of Creditsafe, attributed this challenging economic landscape to the expiration of tax deferrals, a burden that many companies are struggling to shoulder. He emphasized that even large enterprises are succumbing to the financial strain accumulated during the pandemic.
Jacobsson warned that despite appearances of stabilization, the overall outlook remains grim for Swedish businesses this year, especially concerning bankruptcy rates.
Source: www.ehandel.se