Australian Business Insolvency Rate Stabilises, But Remains at High Levels: Report

Australian Business Insolvency Rate Stabilises, But Remains at High Levels: Report

Australia’s business insolvency rates remain high in 2025, with restaurants and construction enterprises being the most affected by economic strain. New data from the credit reporting company CreditorWatch revealed that 14,716 Australian businesses became insolvent in the 2025 financial year. This figure represented an annual increase of 33 percent and accounted for 0.6 percent of the total number of operating businesses in the 2024 financial ye…

Insolvencies steady in June, but business environment remains uncertain

The business insolvency rate saw a further levelling out last month, but the environment remains uncertain for businesses in Australia, according to data from CreditorWatch. The June Business Risk Index indicates that business insolvencies have plateaued further after reaching historically elevated levels.  CreditorWatch attributes the broad plateauing in recent months to income tax cuts in mid-2024, cost-of-living support from governments, a st…

Australian National Review - Australia’s Business Insolvencies Stabilise But Remain at High Levels: Report

People enjoy dining at cafes and restaurants in Melbourne, Australia, on June 1, 2020. Daniel Pockett/Getty Images Australia’s business insolvency rates remain high in 2025, with restaurants and construction enterprises being the most affected by economic strain. New data from the credit reporting company CreditorWatch revealed that 14,716 Australian businesses became insolvent in the 2025 financial year. Source link The post Australia’s Busine…

Hospitality, construction insolvencies remain sky-high despite stabilising numbers

While insolvencies have plateaued generally, they remain trending higher among the food and beverage sector, CreditorWatch has found. The post Hospitality, construction insolvencies remain sky-high despite stabilising numbers appeared first on SmartCompany.