WITHIN a three-month period, nine Tweed Valley businesses declared they were unable to pay their debts, according to new Australian Financial Security Authority data.
It was the third highest number of businesses going bust in any Australian Statistical Geography Standard (ASGS) area in NSW, for the September quarter, excluding Sydney.
Gosford had 14 debtors, Port Macquarie had 10, and Coffs Harbour had eight businesses, which were declared insolvent and unable to repay their debts.
Richmond Valley Coastal and Hinterland areas were treated as two separate ASGS areas, and in total had nine business-related debtors declared.
Murwillumbah Business Chamber president Ilze Gaunberzins said the results were “tragic and concerning, and could be re…
Read the full article at: https://www.northernstar.com.au/news/worst-in-the-state-local-businesses-going-bust/3262342/