Looking at October FY25 insolvencies, we’re seeing another big jump in businesses entering into administration for the first time. 1,361 insolvencies in total, which is up from 1,227 last month in Sept and 907 for the same month in FY24—that’s a 50% increase. When you compare it to the average of 566.5 over the last […]
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 […]
