Over 30 Queensland-based construction companies have collapsed in 2017, and nearly 450 more are at high to severe risk of failure in the next 12 months, according to insolvency group SV Partners.
Insolvency group SV Partners has released its findings in Augusts Commercial Risk Outlook Report. The report analyses industries and regions within Australia where incorporated operating businesses are predicted to face financial distress within the next 12 months.
The report found that 3.4% of construction businesses in Queensland (444) face severe to high risk of financial failure. This is an increase of 51 in construction businesses since March 2017.
The report notes that 2017 has seen a number of construction companies enter into insolvency inc…
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