Calm before covid storm? Liquidations keep falling

Calm before covid storm? Liquidations keep falling
Vivian Fatupaito said despite covid, liquidations are still quiet. (Image: supplied)
Victoria Young
The last calendar year saw fewer liquidations than the year prior, with companies hanging on despite the impact of covid-19.  But insolvency practitioners warn many business closures may not be recognised in the official statistics.Figures from the Restructuring Insolvency & Turnaround Association New Zealand (RITANZ), show liquidations for the calendar year 2021 were down to 1,261 from 1,443 the year prior, a 12.6% drop.In 2018, there were 1,869 liquidations.However, it appears creditors may be becoming impatient as the number of cour...

More Retail

Capital raise helps Paper Plus co-op out of jam
Retail

Capital raise helps Paper Plus co-op out of jam

The co-operative tapped members last year after it breached banking covenants.

Gregor Thompson 29 Jul 2025
Time ripe to stop forex fees confusion
Finance

Time ripe to stop forex fees confusion

Misleading 'fees free' foreign exchange deals are costing Kiwis.

Pattrick Smellie 22 Jul 2025
Warehouse reshuffles exec team
Retail

Warehouse reshuffles exec team

The Warehouse Group has reshuffled its executive team ahead of its leadership transition at the end of the month.On Friday, the retail group appointed Stefan Knight as chief financial officer. Knight will exit his role as financial director at Spark New Zealand and start on Aug 1...

Staff reporters 18 Jul 2025
Why Promisia's promised land is Cromwell
Retail Small Cap Wrap

Why Promisia's promised land is Cromwell

Plus chicken and eggs with BlackPearl, Rua goes for gold in Reefton, and more.