Insolvencies track up in first quarter of the year, figures show

Insolvencies track up in first quarter of the year, figures show
Construction companies are common among insolvencies this quarter. (Image: Getty)
Riley Kennedy
The number of formal insolvency appointments appears to be tracking upwards as economic conditions continue to track down, new figures from the first quarter of 2023 show.One insolvency practitioner says the industry has definitely noticed an increase in work. The statistics are worryingAccording to Restructuring & Insolvency, Turnaround Association New Zealand’s (RITANZ) insolvency figures for March, year-to-date there were 265 insolvent liquidations, compared to 206 last year.Including solvent liquidations, there were 308 appoi...

More Economy

Want to double exports? Good luck with that
Primary Sector

Want to double exports? Good luck with that

International shipping lines say NZ needs to urgently address port productivity. 

Weak jobs data help clear path for August rate cut
Economy

Weak jobs data help clear path for August rate cut

Filled jobs edged higher but will likely be revised lower. 

Rebecca Howard 29 Jul 2025
OCR steals the show
Economy

Cameron Bagrie: OCR steals the show

The yield on a NZ 10-year bond is currently around 4.6%.

Cameron Bagrie 28 Jul 2025
Independent review warm on ACC investment arm but eyes risk
Economy

Independent review warm on ACC investment arm but eyes risk

A review of ACC’s investment arm issues warm findings but homes in on risk factors.

Staff reporters 25 Jul 2025