The report shows this Total construction industry debt reached PLN 1.55 billion, an increase of 10%. Compared to the previous year. The largest share of the debt belongs to companies specializing in “specialized construction work” which are in arrears of PLN 733 million. Building construction companies occupy second place on the list of debtors, with debts of 646 million zlotys, while debts related to civil engineering amount to 175 million zlotys. On average, the debt of a debtor is PLN 34.3 thousand. Zloty.
The industry’s largest creditor is the financial sector, to which construction companies owe about PLN 868 million. This sector mainly includes banks, leasing and insurance companies, and securitization funds that have acquired receivables from other financial institutions. In addition, the debt owed to the commercial industry amounts to more than PLN 237 million, to telecom operators – PLN 53.5 million, and to energy companies – PLN 27 million.
KRD: Already 16 percent of companies have low scores
KRD experts draw attention to the mutual debt in this sector, which currently amounts to PLN 252.5 million, or 16%. Total industry debt. Five years ago, the percentage was only 10 percent. Adam Lackey, chairman of the large national debt registry, points out this 16 percent of all construction companies have low or very low scores, indicating a risk in cooperating with them.
The lowest payment credibility concerns companies related to building construction, with approximately three in ten companies scoring average, and two in ten scoring low or very low.
Data from the Central Economic Information Center show that in 2023, 55 construction companies declared bankruptcy and 595 companies began restructuring. KRD places construction among the three industries most at risk of bankruptcy. Growing debt and deteriorating credit scores limit access to external financing, especially bank financing.
According to data from the Central Bureau of Statistics, the general economic climate index in construction in May was minus 2.3, which means a slight improvement compared to April, when the index was minus 2.6. EFL Barometer forecasts for the second quarter of this year show that 28 percent of entrepreneurs in this sector depend on improved financial liquidity.And 19 percent expect an increase in the number of investments, although the majority (64%) expects the level of investments to remain unchanged.
Echo Richards embodies a personality that is a delightful contradiction: a humble musicaholic who never brags about her expansive knowledge of both classic and contemporary tunes. Infuriatingly modest, one would never know from a mere conversation how deeply entrenched she is in the world of music. This passion seamlessly translates into her problem-solving skills, with Echo often drawing inspiration from melodies and rhythms. A voracious reader, she dives deep into literature, using stories to influence her own hardcore writing. Her spirited advocacy for alcohol isn’t about mere indulgence, but about celebrating life’s poignant moments.
