2023 was a year of crisis for the transport industry. The economic cooling has caused companies to make losses ❗a number of companies have had to resort to restructuring proceedings to stay afloat
2024 shows many changes both legal and financial for the transport industry. How will they cope. With these changes, small companies, of which there are many in the industry
Rok 2023 proved to be a difficult year for many transport companies, a year "under the barrel" and, for many, even bankruptcy. According to the Central Economic Information Centre, 208 companies went bankrupt in the first half of 2023, including seven from the road freight transport industry - the same number as in the whole of 2022.
Statistics show, That the scale of bankruptcy and restructuring in 2023 was enormous.
Is 2024 the end of this trend? In our opinion, unfortunately not. The transport industry is still trapped and waiting for help. Restructuring proceedings are the answer to entrepreneurs' expectations, but not always and not for everyone.
In order to achieve the desired effect, restructuring must be properly prepared. The development of an action architecture is the beginning of the road for us - the road to success.
The variety of these factors puts the transport industry in a difficult position and the need to respond flexibly to changing conditions is a challenge for many companies.
Some transport companies, due to low profitability, loss of liquidity, financial problems, did not make it. In a bid to protect themselves from bankruptcy, many companies have taken advantage of a simplified restructuring, i.e. an arrangement approval procedure. This has resulted in arrangement proposals that are satisfactory to the parties.
Simplified restructuring, a process that involves making changes to a company's organisation in order to improve its financial health, is helpful for transport companies in particular when we expect:
However, it is worth noting that simplified restructuring is a complex process, which requires the professional assistance of an experienced restructuring advisor. In addition, the effectiveness of the restructuring also depends on choosing the right restructuring architecture and communicating and cooperating with stakeholders, including creditors.
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kancelaria@pmr-restrukturyzacje.pl
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PMR Restructuring S.A. @ 2024