An incoming wave of business failures will have many in the business community sweating, but not the liquidators, who carve a living picking up the pieces and who see more work but also the potential for patchier returns.
A few recent reports have pointed to an uptick in liquidations.
A recent update from BWA said a second wave of business failures was on its way because of a drop in consumer spending and the global economic slowdown.
Between July and September, insolvencies in the agriculture, retail, and food and beverage sectors rose by 130 percent, 43 percent and 46 percent respectively compared with the previous quarter.
That massive uptick in agricultural failures will continue to play into downstream sectors such as food and beve…
Read the full article at: https://newsroom.co.nz/2023/11/16/liquidation-boom-a-boon-for-liquidators/