“You combine that with the ongoing rising costs for insurance, rates, rent and food over the last few years, and customers start to reduce spending.”
She said over the past 12 months, there hadn’t been much change in terms of the industries that were struggling, naming construction, hospitality, retail and transport.
“Construction comprises around 30% of the liquidation appointments. About 95% of businesses in the construction industry are small with five or fewer employees, so they won’t have the balance sheet strength behind them in a downturn economy.”
Company removals from the New Zealand Companies Office also hit a high with 50,485 removals in 2025. That’s the highest since 2013, when 54,519 companies were removed from…