Business
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.
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…
-
Noosa News23 hours agoGold Coast teenager charged after allegedly stabbing female Uber driver outside Westfield Coomera
-
Noosa News21 hours agoBrisbane radio station refers to Senator Fatima Payman as ‘slag’
-
General21 hours agoNewcastle man pleads guilty to possessing 34,000 child abuse images and 13 bestiality videos
-
Noosa News21 hours agoPlan for new apartment tower sparks backlash in West End