“Many construction companies are up to their necks in water and so, rather than die, they prefer to remain injured but alive”. It is with this metaphor that a Calabrian business consultant, who prefers to remain anonymous, clearly explains what is the motivation that drives companies in the construction sector to accept transfers of their tax credit to financial companies that offer to purchase it for a reduced portion of its nominal value.
At the root of this is the liquidity crisis of construction companies that have joined the operations related to the Superbonus 110%. In many cases, in fact, those credits with the State have remained blocked, stuck there in the company’s tax drawer, generating cash flow difficulties that have translated into concrete limitations on company operations for non-compliant Durc due to the failure to pay salaries and contributions. But, in this way, companies can no longer work, cannot participate in public tenders and therefore cannot collect, increasing their liquidity crisis.
So here it is a company comes to the rescue, usually an SPV (a company set up to convey financial assets sold by third parties) among the many that in recent months have sprung up like mushrooms throughout the country, some even registered to those who had never worked in the sector, with a proposal that in many cases is a noose: to buy the blocked credits, giving a little oxygen to the asphyxiated coffers of the companies.
