Hospitality and construction firms continue to lead insolvency statistics, but more are keeping their doors open through restructuring schemes.
Annual insolvencies have been rising across all sectors since 2022, the ASIC data showed.
ASIC insolvency data as of 30 March 2025 indicate that 3,306 companies became insolvent for the first time in the first three months of the year.
Restructuring appointments have seen a seven-fold increase over the past three years, climbing from 295 in the financial year to March 2023, to 2,206 in the financial year to March 2025.
This reflects a growing awareness of an ATO scheme to facilitate small business restructuring (SBR) as an…
