Insolvencies up 28% year-on-year, BWA data shows

BWA Insolvency principal Bryan Williams says times are tough and businesses should brace for challenging conditions ahead. (Image: Supplied)

Fri, 17 May 2024

The number of failing businesses increased 28% in the first quarter on the same period last year, data from an insolvency practitioner shows.BWA Insolvency's quarterly market report said there were 553 insolvency cases from January to March, up from 432 in the same period last year, and up from 501 in the last quarter of last year.BWA Insolvency principal Bryan Williams said it was important to look at the overall picture and not jump to conclusions about increased hardship."While the 28% yearly increase in insolvencies appears signifi...

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