January Lithuania bankruptcy procedure was initiated 199 enterprises, in February – 188 of the companies. At the end of march the Parliament adopted the President Dalia Letter initiated amendments relating to the insolvency administration. Rekordiniu bankruptcies, the number and the patch initiatives highlighted at the beginning of forcing gręžiotis not only to the problems in the market, but to question the existing business management standards.
Corporate credit risk for evaluating the company's "Creditreform Lietuva" in the published data, in the month of January for registration of the 199 companies in Lithuania insolvency. This surpassed last year's average of 66 bankruptcy cases. Mostly companies 2014's called September – bankruptcy procedure was initiated 148 of the companies. 2013-iaisis recorded a top score of 162 in the month of October was declared bankrupt company.
The second month of the year to register 188 corporate insolvency – the rate of 30%. higher than February last year. Although this month in bankruptcy status mainly acquired retail company – registered 31 bankrupt company, but between the bankrutavusiųjų intervenes and large businesses. One of them is the wholesale trade in petroleum products "RB2" the company, which proceeds through a 3 year increased by 19 times in 2014. amounted to 57 million. eur.
The reasons clear
Credit bureau published data, the main corporate bankruptcy in Lithuania, the reasons are too high for the financial obligations of the level of financial institutions, working capital shortages, leading customers in retreat and changes in market conditions. The insolvency administrators as well as the stresses of the legal processes in the enterprise oversight structures.
International chain "Integra International audit and business accounting company Arvydas Vainoras argues that external market conditions, interest deny it cannot be: "However, the decisive role is normally required to the second plan pushed to the background of the internal processes control – tax obligations of customers and revenue streams management, the appropriate legal business care since the founding of conclusion of the contract".
The development of survival does not guarantee
Crucial internal bankruptcy of the factors in testimony and failing firms age. In 2013 and 2014. bankrupt firms with a mean age of 10 years. This means that the average of this period the bankrupt company successfully adapted to the 2008 economic crisis caused by external developments in the market.
According to the "Added Value" of the director of the A. Vainoro, business crisis occurs, not when dramatically goes down the performance indicators and pritrūkstama allocation of funds. "The first crisis of the attribute is the rising cost of time, in the core of the company's supervisory processes, when there is more time to "consume" basic survival of the company in the market processes".
Therefore, the accounting and auditing specialist according to the modern business should be based not only on the development and pajamingų clients in Western markets search. The modern business is relevant both western business management tools installation inside the company, in order to timely respond to the internal risk factors and to provide the business processes more control. Since business is not always reasonable to only expand, sometimes vital to step back and persigrupuoti.