Original article by Matt Bell
The Australian – Page: 17 : 29-Apr-25

Data from the Australian Securities & Investments Commission shows that 3,393 businesses were declared insolvent in the March quarter; this is 27.6 per cent higher than the same period in 2024. Meanwhile, some 11,162 businesses have appointed insolvency specialists so far in the financial year, with the figures current as at 6 April. This represents an increase of 44.1 per cent year-on-year, and Jarvis Archer from Business Reset says insolvencies are on track to exceed 15,000 in 2024-25. Construction, hospitality and retailing are amongst the sectors that have recorded the biggest growth in insolvencies.

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