Case Study: Quasar Constructions In the unpredictable world of construction, financial stability can be as fragile as the buildings you’re working on. Quasar Constructions demonstrated this when they went into administration, owing over $60 million with only $6 million in assets. But here’s the twist: their downfall nearly sent a number of their suppliers into […]
🚧 Eight construction firms are collapsing daily in Australia🚧 Most recent monthly first time administration stats from ASIC continue to tell a rather bleak story. An average of eight construction companies are collapsing each day, with a total of over 7,000 having collapsed since 2021. This highlights the urgent need for businesses to safeguard themselves […]
Insolvencies are rising, especially in construction and hospitality, with August figures nearly double the 2017-2024 average, but insurers are keeping premiums soft, making it a good time to explore TCI quotes.
At Capital Trade Credit Solutions, we like data and the occasional graph. Last week, ASIC released new statistics on ‘first-time administrations.’ Key Takeaway: Insolvencies have not only rebounded to pre-COVID levels over the past 12 months but are continuing to rise, significantly impacting the construction industry more than any other. No surprises there. In July 2020, there […]
