Whilst barely a fortnight goes by when a well-known Australian company doesn’t bite the bullet to stay afloat these days, recent statistics revealed by the corporate regulator paint a grim picture of the situation with a 36 per cent spike in the number of businesses that entered voluntary administration in the nine months to 3https://www.businessnewsaustralia.com/1 March this year.
The Australian Securities and Investments Commission (ASIC) reports that during this period 7,742 companies entered external administration, which is in excess of 2,000 more than in the nine months to 3https://www.businessnewsaustralia.com/1 March 2023.
Out of these external administrations, construction (2,https://www.businessnewsaustralia.com/142), and…
