An increasing number of Queensland businesses being squeezed from both ends are seeking help from insolvency experts before going into administration or liquidation.
While Australian Securities and Investments Commission statistics rise and fall dramatically every month, managing partner at WCT Advisory Group Andrew Weatherley said inquires from businesses were steadily increasing.
Weve had quite a high level of inquiry in September, he said.
Most of the industries we see are still construction related and there has been a rise in cafes and kitchens and other food related businesses.
The cost of living increases have generally seen businesses having to pay more for input and people have less money to spend. So they are being squeezed a…
Read the full article at: https://www.adelaidenow.com.au/business/businesses-are-increasingly-seeking-help-from-insolvency-experts-as-the-economy-bites/news-story/7a317ee8b314ec3bbaff00d0ca83de5e?nk=8bf0e1b5228c90bd9bf0e58660747e1b-1696665638