A Mosgiel building company has failed owing unsecured creditors close to $408,000. The company’s name will matter to the people chasing that money. The pattern matters to everyone else. When a small builder fails, the bill lands on the electricians, plumbers, scaffolders and merchants who gave it credit, and most of them will be lucky to see cents in the dollar.
This is not bad luck. It is how the system is built, and it keeps happening because the risk sits with the people least able to carry it.
One small failure inside a record wave
Mosgiel is a local data point in a national trend. Deloitte’s insolvency report, published in February 2026, counted 3,080 corporate formal appointments in 2025, the highest…