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General Business
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Liquidations shoot through the roof, construction failures up 25%

Construction, property and agriculture bear the brunt, while hospitality companies are also more than 'twice as likely' to go to the wall, report notes.

Fail: construction firms lead the pack as liquidations soar.

Liquidation numbers surged to a record 306 in September, capping a quarter which saw a staggering 707 companies go to the wall.

That's a quarter up on the prior year and the highest level in a decade.

The New Zealand construction sector bore the brunt of tighter business conditions, representing 28%

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Brent Melville Fri, 01 Nov 2024
Contact the Writer: bmelville@nbr.co.nz
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Liquidations shoot through the roof, construction failures up 25%
General Business,
106500
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