Bankruptcies jumped in Lolland-Falster and South Zealand in September. A total of 34 companies across the three municipalities went bankrupt, compared with 21 in the same month last year.
This is shown by a review of bankruptcy data from credit information agency Creditsafe. The increase was 62 per cent, compared with six per cent nationwide, where the number rose from 654 to 693. Nationally, it was the highest number of bankruptcies recorded in September since 2019.
- September was the worst September for bankruptcies since 2019, showing that many companies are still operating in a market characterised by cautious demand and pressure on earnings, says Morten Larsen, Country Manager at Creditsafe Denmark.
Lolland alone accounted for nine of the region’s 13 additional bankruptcies, with the number rising from six to 15. Vordingborg increased from six to 11, while Guldborgsund saw a decline from nine to eight.
September stands out from the first seven months of the year. From January to July, the total number of bankruptcies across the three municipalities fell from 67 last year to 44 this year. All three municipalities recorded fewer bankruptcies during that period.
