In Q1 2023 (Jan 1 Mar 31), there were 355 formal insolvency proceedings lodged in New Zealand compared to the corresponding period in 2022 when there were 277. Thats an overall increase of 28%.
BWA Insolvency has been tracking the data on liquidations, receiverships and voluntary administrations since 2012. The Registrar of Companies Office records the filings of companies that have gone into a formal state of insolvency. BWA then does a deeper investigation on each company and categorises them to show trends across different industries and regions.
BWA Insolvency founder Bryan Williams says the data offers a snapshot of the health of the business sector and New Zealands significant year-on-year increase in insolvencies is part of a …
Read the full article at: https://www.scoop.co.nz/stories/BU2305/S00235/latest-data-shows-insolvencies-continue-to-rise-up-28-year-on-year.htm