Losses of up to 500,000 euros in March for SMEs

Losses of up to 500,000 euros in March for SMEs

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Cesur has carried out a survey among its associates, who demand financial instruments to inject liquidity into companies.

The latest economic measures to deal with the expansion of the coronavirus, according to various entrepreneurs, will have serious consequences for both SMEs and the self-employed. Furthermore, Andalusian companies have been forced to suspend payments or postpone them due to the state of alarm decreed in our country. This is one of the conclusions derived from the survey that the Association of Entrepreneurs of Southern Spain, Cesur, has launched among its more than 130 associates to find out how this situation affects them.

During the last days, the associates of Cesur in Andalusia and Extremadura have responded to this survey carried out electronically, offering a representative sample of quality from the business sector in southern Spain. One of the main ideas that is extracted from this survey is that the impact on income from activity closure is high among the interviewees. According to the data, small companies estimate from € 100,000 to € 500,000 in March alone, while medium-sized companies exceed this threshold.

In this survey, carried out qualitatively, questions have been asked about aspects such as the repercussion that the measures imposed by the Government have had. Measures that have mainly affected the retail and tourism sectors, who have been forced to cease their activity, while the rest of the sectors have registered a high slowdown in their activity.

On the other hand, one of the conclusions of this interview is the increase in costs for those who continue to work at full capacity (agriculture and distribution) due to health issues and additional production measures. Added to this are significant losses in the sectors in which they have had to reduce activity such as professional services, communication, advertising, events, industry, construction and building, engineering, beverages of all kinds or real estate. And large losses due to total closure in restaurants, fashion, tourist services and hotel establishments. For its part, the agri-food sector is supporting its normal rhythm and, at the same time, they maintain or increase their business.

Closure of establishments, implantation of telework and total and partial ERTE are the measures that have been carried out by most of the entrepreneurs in the south of Spain to face this crisis. Another decision is to renegotiate loans and liquidity lines, which in some cases can be complicated if there is no state guarantee.

Entrepreneurs associated with Cesur ask the administrations for urgent financial instruments to inject liquidity into companies, forgiveness of social security contributions for the affected months and deferment of payment of all taxes, among other things.

Likewise, companies that belong to the agricultural and transport sector also ask the authorities for prevention materials such as masks and gloves to be able to carry out their work without risk.

In general, the respondents consider that the measures carried out by the administrations are working, but they complain that the Central Government has reacted somewhat slowly and uncoordinately, and they value more positively the reactions of the Andalusian and Extremadura administrations.



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