The Australian Bureau of Statistics (ABS) has found that the number of microbusinesses (one to four employees) in Australia has recovered following a 5 per cent fall from 728,753 in 2021–22 to 688,870 in 2024–25, with one insolvency practitioner stressing the importance of engaging early with trusted advisers and exploring options involving small business restructuring (SBR) when liquidity risk comes knocking.
In the ABS release for 2025–26, Counts of Australian Businesses, including Entries and Exits, there was a 0.1 per cent increase in this part of the market, totalling 689,600.
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Jirsch Sutherland insolvency practitioner Andrew Spring (pictured) told…