CRIF: 25 Firms Filed for Bankruptcy in November, Owing €6.5 million to State

Bratislava, 14 December (TASR) - A total of 25 firms filed for bankruptcy in November, four companies fewer than the in previous month, owing almost €6.5 million to the state in total, credit-reporting company Slovak Credit Bureau (CRIF) informed the media earlier this week. In particular, 23 limited-liability companies, three joint-stock companies and one tradesman went bankrupt in November. "Bankrupt companies owed more than €5.9 million in taxes, €418,000 to social-insurance provider Socialna poistovna and almost €100,000 to state-run health-insurer VsZP," specified CRIF chief analyst Jana Markova. Presov-based liability-limited company MVR, engaged in wholesale in farm commodities, holds the record among November bankruptees, owing €4.1 million in taxes. The second-biggest debtor was Bratislava-based liability-limited company FA.T. Creative, engaged in operating cultural facilities, owing €613,000 to the state. Six firms that fell into bankruptcy in November had just a single employee. An additional four companies had two employees and 13 had between 1-10 employees. Four bankrupt companies were engaged in the wholesale and retail trade, the same number in administrative and support services. Another three bankrupt companies were offering accommodation and catering services, and another three were providing expert, scientific and technical activities. Two companies were permitted to undergo restructuring in November. A company called Schetelig CE based in Vlcany in Sala district (Nitra region) had the biggest turnover and number of employees (20). Last year, it reported sales of almost €3.4 million, whereas in the pre-pandemic year of 2020 the figure was as high as €6.2 million. It's the Slovak subsidiary of well-known Finnish family company Schetelig, said Markova. ko/df/jrg