WA corporate insolvencies in November last year fell to the lowest level since January with only 73 companies hitting the wall.
FTI Consulting said ASIC data showed a falling rate of insolvency across Australia with the national figure for November of 636 companies folding lower than the 677 firms that failed the previous month and the 872 businesses that collapsed a year earlier.
By the end of November, 8001 companies had entered external administration nationally, 1536 fewer than the first 11 months of 2015 and the lowest for the period since 2007.
FTI Consultings senior managing director and head of retail (Asia Pacific) Tom Lemke said the companysrestructuring experts were expecting the overall downward trend in appointments to continu…
Read the full article at: https://thewest.com.au/business/commercial-property/wa-company-collapses-down-but-warning-on-retail-ng-b88354746z
