Polish entrepreneurs are convinced that statutory restructuring tools are a solution reserved only for large companies, according to a survey carried out by the Opinion Research Centre OBOAK and commissioned by PMR Restructuring SA. The opposite and correct opinion is formulated by only one in fifty of the respondents. Such a high level of ignorance costs the Polish economy billions of zlotys a year. Small entrepreneurs also suffer, as they often lose their assets in addition to their companies.
Experts PMR Restructuring SA have been talking for some time about the insufficient knowledge of the possibilities offered to small entrepreneurs and micro-enterprises by the amended provisions of the bankruptcy and restructuring law. The term "restructuring" appears in discussions mainly in the context of large companies, workplaces, manufacturing enterprises, mines, steelworks or old-type factories. And this is what results in the false belief that restructuring tools are intended exclusively for this type of companies. Meanwhile, the reality is quite different. New regulations on bankruptcy and restructuring not only increased the number of tools available to save companies, but also enabled the smallest entrepreneurs to use them.
The survey carried out by OBOAK covered 118 entrepreneurs who were asked the following three questions:
- what does the word mean to them? restructuring,
- for whom restructuring is intended and
- whether it can also be used by entrepreneurs on so-called business activities.
The results confirm the extremely low level of awareness of the availability of tools. restructuring among small entrepreneurs. Restructuring is most often associated with with recovery programs for mines (89 percent), large manufacturing companies (87 percent) and trade unions (32 percent). Group layoffs of employees are next in line – 17 percent. Only 2 percent of respondents associate restructuring with small and medium-sized companies, and only 1 percent with sole proprietorship.
– says Małgorzata Anisimiowicz, president PMR Restructuring SA. – This is completely wrong and legally unjustified thinking. The tools provided by the Restructuring Law Act are for all entrepreneurs and it is worth using them, without waiting for the moment when it is too late – adds Małgorzata Anisimowicz.
In the next part of the survey, the surveyed entrepreneurs answered the question: for whom is the project restructuring, who can use its tools? The responses show a clear and very proportionally balanced trend of assigning opportunities restructuring of large companies before small ones. At both ends of the spectrum, there were figures of 98 percent for large enterprises and 2 percent for sole proprietorships. Medium-sized companies, depending on the number of employees, collected, respectively: 74 percent for the number of employees of 50 or more, and 13 percent for 9 or more employees.
22 March 2018:
" Restructuring for micro businesses through the eyes of entrepreneurs
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