Tag: Insolvencies

Over 12,000 Australian small businesses have collapsed this year, with failures set to double historic averages. Discover what’s driving the crisis here.

According to Morelli, the phenomenon, which he terms “date-night economics,” is having a significant impact on businesses across Australia.

December 2023 saw a notable surge in insolvencies, reaching a peak not witnessed in five years.

The rate of business failures has more then doubled over the last 15 years according to the Jones Partners Insolvency report.

The number of small businesses facing insolvency has declined according to figures produced by the Australian Securities and Investment Commission.

There’s been a strong rise in the number of businesses entering external administration (EXAD) for the three months to September, as poor sales and increased creditor activity takes its toll.