The level of Australian businesses going under appears to be stabilising, but firms are still becoming insolvent at record-high numbers.
Restaurants and construction firms remain hardest hit in CreditorWatch’s monthly Business Risk Index, which found more than 14,000 businesses went bust in the 2024-25 financial year.
But income tax cuts and government cost of living measures have helped the rate of insolvencies plateau, CreditorWatch said.
And with defaulted payments falling 6.5% in June, there is some hope the overall health of businesses is on the up.
“It’s a promising signal business cash flow pressures may…