Liquidation advertisements a vital sign

Liquidation advertisements a vital sign
Crispin Vinnell, vice-chair of Ritanz said creditors need a chance to put their hands up if necessary.
Maria Slade
Life’s tough for your average small business at the moment.After lurching through the covid years and straight into the headwinds of a protracted economic downturn, many are simply running out of puff.Some 2,300 companies hit the wall in the first 10 months of this year alone, compared with under 2,000 in the whole of 2023.A quick look at the weekly High Court liquidation list shows the petitioning creditor is often the Commissioner of Inland Revenue, as the taxperson (IRD once told me off for saying taxman) strives to collect billions in...

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