A growing number of businesses are going belly up in Singapore, with more companies going through compulsory liquidation in the first half of 2025, surpassing figures from the past five years.
Compulsory liquidation is a legal process where a company is forced to wind up, usually initiated by creditors through a court order, due to the company’s inability to pay its debts. Its assets will then be sold off to repay outstanding liabilities, and the business will be dissolved.
According to data from the Ministry of Law, 187 companies have undergone compulsory liquidation from January to June, marking a stark increase from 146 in the same period last year and just 95 in 2023.
This statistic also follows the city-state…