Retailers, builders, towies: First company collapses of 2021 – Queensland Times

Food, transport and building companies were among 25 Queensland firms that collapsed into liquidation or administration in January.

That was half the number of companies that failed in December but experts warn that the tally will likely increase in coming months as pandemic-related support measures are withdrawn.

Hall Chadwick partner Ginette Muller said there could be an uptick in insolvencies once the Job Keeper program ended in March.

“We have not seen much of an increase so far but that could change when the Job Keep tap is turned off completely,” Ms Muller said. “The majority of insolvencies come from the smaller end of town and they are still beneficiaries of government largesse.”