Hospo, construction, drive 14% jump in first-quarter collapses

Voluntary administration numbers have fallen as fewer distressed businesses attempt ‘formal restructuring’ before throwing in the towel.

Commercial Bay’s Gochu, one of a host of eateries to close its doors.

Business insolvencies eased slightly to 772 during the first quarter of the year on the prior quarter's 936 cases, but were still 14% up on the first three months of last year.

BWA Insolvency principal Bryan Williams said the latest quarterly data suggested business stress may have peaked late last

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Brent Melville Thu, 28 May 2026

Contact the Writer: bmelville@nbr.co.nz

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