A car company linked to a larger tradie contracting group has collapsed into liquidation with liabilities of $1.4 million. News.com.au can reveal that earlier this month, sydney-based Surelinc Fleet went into liquidation. Its sole purpose was to lease cars to a sister company, Surelinc Services, which does heating, ventilation, airconditioning, maintenance and fire protection jobs.…
In 2023, 25,158 company insolvencies were reported in England and Wales by the Insolvency Service, the highest number since 1993. Figures included 20,577 voluntary liquidations (9% higher than 2022 and the highest number since 1960), 2,827 compulsory liquidations (up 44%), 1,567 administrations (up 27%), and 185 company voluntary arrangements (CVAs) (up 67%). The number of…
Member Article R3 responds to the 2023 annual insolvency statistics There were 25,158 seasonally adjusted corporate insolvencies in 2023. This was an increase of 13.7% from 2022s figure of 22,123, an increase of 78.9% on 2021s figure of 14,059, and an increase of 46.6% on pre-pandemic figures in 2019 (17,163). There were 103,454 seasonally adjusted…