Liquidations are up 27% year-on-year, Centrix says

Maketu Pies is one of many businesses around the country in liqudation. (Image: Laura Smith)

Tue, 03 Dec 2024

Liquidations are up more than 20% on the last year, with the transport, construction, property and retail food sectors the hardest hit, the latest data says.A monthly credit indicator report from credit specialists Centrix, released on Tuesday, said liquidations in the country rose 27% in the year to Oct 31.On an annual basis, no region or sector Centrix measures experienced a reduction. However, month-on-month, liquidations fell to 223 from a record-high of 306 in September.Managing director Keith McLaughlin said it is clear organisations are...

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