Economy & BusinessMorocco: more than 12,000 businesses will fail in 2022

Morocco: more than 12,000 businesses will fail in 2022


The number of failing companies in Morocco has been established at 12,397 in 2022, up 17.4% compared to the year 2021, according to a study conducted by the firm Inforisk.
By category, 99.2% of these failures concern very small businesses (VSE), while small and medium-sized enterprises (SMEs) represent 0.7% and large enterprises (GE) 0.1%, says the study.

The increase in insolvencies is partly explained by the low use of the safeguard procedure (barely 27 in 2022), notes Inforisk, adding that Moroccan companies are still “poorly aware” of existing preventive measures.

The share of safeguard procedures in insolvencies in 2022 represents 0.25%, that of judicial reorganization is 0.06%, while the share of judicial liquidation, dissolution, cancellation and cessation in insolvencies represents 99.69%.

By city, the axis Casablanca-Rabat-Tangier is involved in nearly half of the failures (41%), ahead of Marrakech (7%), Fez (6%) and Agadir (4%), reveals the study, pointing out that 33% of failing companies operate in the trade sector, 21% in real estate, 15% in construction and public works (BTP) and 8% in transport.

In 2022, for one failing company, there were 4 companies created. The creation of PM companies has fallen sharply compared to 2021, the rate of increase in failures has been “more important”, says the firm.

The Moroccan Blog
The Moroccan Blog
The Moroccan Blog is an English based newsblog dedicated to Morocco. You can find here all news from Morocco across a variety of topics: Arts & Culture, Economy & Business, Lifestyle, Moroccan Sahara, MRE, Society, Tourism & Travel and more.

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