The third quarter of 2024 registered an increase in the total number of companies undergoing judicial recovery in the country, with 185, reaching 4,408 companies in this situation. Judicial recovery is a possible resource when a company needs to suspend and renegotiate debts. The data was compiled by the consultancy RGF based on the Federal Revenue database. The survey excludes individual microentrepreneurs (MEIs), non-governmental organizations (NGOs) and state-owned companies in its methodology.
The analysis carried out by the consultancy is quarterly and has been occurring since the second quarter of 2023, when 3,823 companies resorted to judicial recovery to remain open. Since then, the number has grown with each partial.
In the second quarter of this year, 4,223 enterprises were in this situation. The increase occurs despite positive data on job creation, such as the increase in registered workers, and the maintenance of the balance of companies created in the country. This is what the Mapa de Empresas panel, from the Ministry of Development, Industry, Commerce and Services, reveals, which indicated 93 thousand companies opened in 2024 and 47 thousand closed during this year, both excluding the number of MEIs opened and closed in the year.
The consultancy reported that 433 companies entered into judicial recovery between July and September this year, while 247 exited the process, the majority (62%) returning to normal operations and 7% declaring bankruptcy. The data refers to matrices of active small, medium and large companies. “After observing a reduction in the rate of growth in the number of companies recovering in the country in the first two quarters of the year, in the 3rd quarter this number once again showed faster growth, increasing by 4.4%”, he explained, in a note from RGF, analyst Rodrigo Gallegos.
The survey also indicated that the upward trend in recoveries in Rio Grande do Sul continued, reflecting the impact of floods on local businesses. The consultancy also warned of the increase in companies undergoing recovery in Minas Gerais, where 47 projects had processes accepted, rising from 250 in the second quarter of this year to 297 in the last period.
In contrast, the state of São Paulo, which has the largest number of active National Register of Legal Entities (CNPJ) registered, showed a reduction in the volume of companies using the resource, dropping from a total of 1,279 to 1,255.
According to the consultancy, a further increase in recovery processes is expected in the coming months, accelerated by the maintenance of Selic (the economy’s basic interest rate) at double-digit levels. “In this scenario, companies with higher indebtedness continue to struggle to meet financial expenses in an environment of credit scarcity,” said Gallegos.
