While 103 Eurelian companies, including 43, since October, have appealed for help from the prefecture through partial unemployment, the commercial court has, for its part, even less encouraging news. François Robinet, president of the Eurelian consular judicial institution, is categorical.
In Eurélien’s memory, the number of companies entering into collective procedures has never reached such a level: “At the end of October, we opened 360 collective procedure files and we risk exceeding 400 companies, at the end of this year 2024. This is a sad historical record for our court, especially since 60% of companies are going through judicial liquidation. The economic depression is affecting many economic sectors in our department.”
Tight cash flow
Judges, elected consular officials and state representatives are unanimous on the worsening of the economic situation in the face of national political instability, which rarely happens in France. Some observers point out that the difficulties in repaying PGEs (state-guaranteed loans), inherited from the Covid-19 health crisis, are due to tight cash flow, following the energy crisis at the start of the year, but not only .
The automobile market is experiencing a serious change for which it was not well prepared, the construction sector is lacking orders and household consumption is sluggish despite some ups and downs.
Coronavirus
