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5551
Bankruptcies continue to decrease
statistikk
2006-07-28T10:00:00.000Z
Establishments, enterprises and accounts;Banking and financial markets
en
konkurs, Bankruptcies, bankruptcies by industry, sales value, enterprise bankruptcies, personal bankruptcies, compulsory sales, organisational structure, year foundedBankruptcies, Financial indicators, Banking and financial markets, Establishments, enterprises and accounts
false

Bankruptcies, Q2 2006

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Bankruptcies continue to decrease

698 bankruptcies were recorded in the second quarter of 2006, a decrease of 32 per cent compared with the second quarter of last year.

The number of bankruptcies is highest in the counties of Oslo and Akershus where also most Norwegian enterprises are situated. One in three bankruptcies are found in these two counties. However, in Oslo and Akershus the decline in bankruptcies has been steeper than in the country as a whole, and were about 50 per cent lower in the second quarter of 2006 compared with the same quarter of 2005.

451 of the 698 bankruptcies were related to enterprises (exclusive sole proprietorships). Nearly 40 per cent of them were within trade. The remaining 238 bankruptcies were related to sole proprietorships and personal bankruptcies. One in three sole proprietorship that went bankrupt was within construction. While the number of bankruptcies decreases, the total number of enterprises rises.

41 per cent of the enterprises that went bankrupt in the second quarter of this year were established in 2000 or before. Around 12 per cent of the bankrupt enterprises were established in 2005 or 2006.

Within ICT, fewer bankruptcies were recorded. While 62 enterprises went bankrupt in the second quarter of 2005, the number stood at 33 in the corresponding period in 2006.

Nine in ten are men

Men run about 75 per cent of all sole proprietorships, while men owned 90 per cent of the sole proprietorships that went bankrupt. One in three of these bankruptcies were within construction. Half of the 24 women who went bankrupt owned a sole proprietorship within retail or real estate.

Male, Norwegian and between 25 and 44 years old

In 2005, 1 382 people went bankrupt, either personally or as owners of sole proprietorships. 91 per cent were men and more than half of them were between 25 and 44 years old. Also most of the women who went bankrupt were also in this age group.

Over 80 per cent were ethnically Norwegian, while 8 per cent were from other Western countries and 10 per cent from Non-Western countries. Nine in ten of the bankrupt with foreign background were first-generation immigrants without Norwegian background. In total, people with foreign background own 9 per cent of all sole proprietorships.

Most of the 1 382 who went bankrupt last year had upper secondary education as their highest education. That applies for 62 per cent of the men and 61 per cent of the women. Also in total, almost 60 per cent of the proprietors have upper secondary education as their highest education.

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