The number of failing companies is surging

“Now that these concessions and support mechanisms have ended, from October 2022 to March 2023, there was a 61 per cent rise in insolvency compared to the same period last year, with 3632 cases reported this year compared to 2257.” Victorian Chamber of Commerce and Industry chairman Paul Guerra said rising inflation and the end…

Melbourne swimming pool company Pools R Us shuts its doors

A melbourne pool company has permanently closed its doors, leaving some customers thousands of dollars out of pocket. Nyerse Constructions Pty Ltd, which trades under Pools R Us in Dandenong South, officially went into liquidation on June 1 according to the Australian Securities & Investments Commission (ASIC). In an email sent to customers in late…