BWA Insolvency principal Bryan Williams said the number of insolvencies reflected an economic “game of two halves”.
Photo: BWA Insolvency / supplied
- Insolvencies rise in third quarter, but down on year ago
- Failures reflect economic “game of two halves”
- Signs of economic improvement, but outlook bleak for weak companies
- Creditors finishing off companies that cannot survive
- Construction biggest insolvency group, hospitality second
The number of companies going broke has increased in recent months as creditors take a harsh view, but they are down on a year ago amid signs of economic recovery.
The latest report from BWA Insolvency for the September quarter showed a 5 percent rise in the number of insolvencies to 777 on…