CRIF AG has analyzed the number of people who have been involved in three or more business insolvencies within a 10-year period. This category is made up of 2,022 people, most of whom were involved in three insolvencies. In top place was one individual who was involved in 78 business insolvencies.
CRIF AG investigated the number of people involved in three or more company insolvencies over a period of 10 years. 2,022 individuals were found who fulfilled these criteria and, of these, 1,244 were involved in three insolvencies, followed by 355 who were involved in four, 161 in five and 68 involved in six insolvencies. The person at the top of the ranking was involved in 78 company insolvencies, followed by individuals who contributed to 75, 54 and 44 business insolvencies, respectively.
Men are involved in more insolvencies
An examination of gender distribution revealed that 93% of these insolvency repeat offenders are men. Of the 7% women, the front runner was in charge of 35 businesses that failed.
Where do these insolvency repeat offenders live?
An analysis of the current cantons of residence, as identified from the business register, shows that the Canton of Zurich is ranked highest (267), followed by the group of insolvency repeat offenders with “address unknown” (231). Next on the list were the Cantons of Vaud (219), Ticino (192) and Geneva (179).
Domicile canton, legal form and age of the affected insolvent businesses
A slightly different picture emerges when we look at the most recent domicile of the insolvent businesses. This time, most of the companies negatively affected by insolvency repeat offenders were to be found in the Canton of Zurich (1,252), followed by the Cantons of Ticino (900), Vaud (876), Geneva (847) and Zug (721).
The most common legal forms for these companies were limited liability companies (GmbH) (53%) and public limited companies (Aktiengesellschaften) (38%); sole traders played a smaller role, at 8%. The median age of all the affected businesses was between 6 and 7 years.
About the survey
We looked at every individual who was involved in three or more bankruptcies within a 10-year period, excluding those who had no or limited influence on the success of the business (such as liquidators, proxies, authorized signatories, etc.). We only took account of those who held an active role in the insolvent businesses during the period in which they became insolvent.
