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- Insolvencies rise in fourth quarter, annual rate highest in 10 years
- Failures reflect companies weakened some time ago
- Signs of economic improvement too late for some companies
- Construction biggest insolvency group, broad hospitality second
The number of companies going broke has surged to its highest level in 10 years as past economic and commercial problems catch up with a growing number of firms, despite signs of economic recovery.
The latest report from BWA Insolvency for the December quarter showed a 31.5 percent rise in the number of insolvencies to 933 on the previous quarter, and 11 percent higher than the same period in 2024.
BWA Insolvency principal Bryan Williams said the number of…