In August 62 companies went bancrupt

In August 2015 as much as 62 firms went buncrupt, which is exactly the same as last year. From January increasingly 527 companies declared bancruptcy. This result is however lower by 5 percent as compared to last year. The total turnover of the bacrupted firms in August amounted to PLN 950 million and arount 2000 workers. Interesting is the fact that the 62 firms did not report decreasing turnovers, but even the opposite.   The problems of medium size companies are partly due to the increase in sales. Most of the firms did not loose their market share however increased sales. "It is not a paradox - increase in sales means also a higher value of one's asset entrusted with consumers, so a greater exposure to risk," the statement reads. Most of the firms declaring bancruptcy were from the production sector, more specifically those producing building materials. A lower bancruptcy rate was noted in the machinery and food industry.