Business administrations on the rise as reality starts to hit ‘zombie firms’ – The New Daily

The ripples of an insolvency wave have begun to wash through the economy, with cuts to stimulus payments prompting business owners to shut up shop.
Analysis from credit reporting agency CreditorWatch found the number of firms entering administration rose by 11 per cent in September to 436.
And the number of business defaults increased by 23 per cent the first time the metric has risen since May.
Despite the uplift, the number of businesses in administration is still 48 per cent lower than las…

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