Aussie insolvencies surge as Covid kills off businesses
ASIC data shows that the economic impacts of the pandemic are still being felt, especially for SMEs.
Poor cash flow was the major reason for business failure.
The number of Australian companies going into administration surged by 88% in the 2023 financial year to almost 8000, according to data released today by corporate regulator Australian Securities and Investments Commission.
Annual corporate insolvency data released by ASIC shows that 7942 Australian
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