28% of companies at risk of closure

At the end of September, 28.1% of companies were on the brink of collapse, an increase of 2.1% over the end-of-August figures and a 9% increase on a year-on-year comparison.

By SHARON WROBEL
September 21, 2006 07:10

The repercussions of the war in Lebanon and the restrictive rules on exceeding credit limit have further increased the percentage of companies at risk of closure on the eve of Rosh Hashana, according to Dun & Bradstreet Israel. At the end of September, 28.1% of companies were on the brink of collapse, an increase of 2.1% over the end-of-August figures and a 9% increase on a year-on-year comparison. The D&B Israel report showed that the food sector had the highest proportion of businesses facing closure, including 65.6% of pubs and restaurants and 54.8% of grocery stores and retail chains.


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