Significantly more businesses went under last year compared to 2014, led by a rise in company failures from NSW.
With 9,573 businesses having gone into administration up to November last year, the numbers for 2015 have already eclipsed 2014’s total of 8,794 companies slipping under, data from the Australian Securities and Investments Commission shows.
NSW secured the top spot amongst the states, jumping to 304 external administrations for the month, from 283 in October, insolvency specialists FTI Consulting analysis reveals.
By contrast, Victoria recorded a marked decrease, dropping from 340 appointments in October to 207 in November.
The yet to be released figures for last December will only push the full-year total further …
Read the full article at: http://www.sbs.com.au/news/article/2016/01/12/more-businesses-go-under-2015
