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…
-
Business19 hours agoTop brokers name 3 ASX shares to buy next week 25 May 2025
-
General16 hours agoAustralia’s native flora emerges as an increasingly popular muse for bonsai hobbyists
-
Noosa News14 hours agoFears for the future of retro Chinese dining after blaze guts Sundoo in Townsville
-
Business16 hours agoThese ASX 200 shares could rise 20% to 100%