The company insolvency rate saw a slight dip in the 2025–26 financial year but still remains above the long-term average, the latest ASIC statistics have revealed.
The 2025–26 financial year saw 14,152 companies enter insolvency for the first time, according to the latest insolvency statistics by ASIC.
This was a slight improvement from the previous 2024–25 financial year, when 14,722 companies entered insolvency.
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The worst hit industry was again construction, with 3,472 construction companies entering external administration or having a controller appointed. Accommodation and food services recorded the second highest number of…