We havent been imagining it retailers, along with the accommodation and food sectors, have seen a spike in corporate insolvency appointments over the last 12 months, an insolvency specialist has confirmed.
The accommodation and food services industry saw a 21 per cent spike in corporate insolvency appointments over the 2017-18 financial year, while the retail trade sector saw a 19 per cent increase, according to Worrells Solvency and Forensic Accountants latest insolvency report.
Our experience in the last 12 months is indicative of what the Australian Securities and Investments Commissions statistics report, said Worrells partner Chris Cook.
The enquiries and discussions we have daily with business owners and their advisors tells me …
Read the full article at: https://www.mybusiness.com.au/management/5506-retail-food-sectors-see-spike-in-corporate-insolvency