The number of businesses going under is still below pre-pandemic figures, but the rate is increasing.

A BWA Insolvency report has found there's been a 48 percent increase in formal insolvencies in the third quarter, compared to the second.

BWA Insolvency founder, Bryan Williams, says that pre-Covid 25-hundred businesses went under a year... it's currently about 15-hundred.

He told Mike Hosking that there's about to be a slew filing for insolvency, after Covid handouts propped up struggling businesses.

LISTEN ABOVE

The number of businesses going under is still below pre-pandemic figures, but the rate is increasing.
A BWA Insolvency report has found there's been a 48 percent increase in formal insolvencies in the third quarter, compared to the second.
BWA Insolvency founder, Bryan Williams, says that pre-Covid 25-hundred businesses went under a year... it's currently about 15-hundred.
He told Mike Hosking that there's about to be a slew filing for insolvency, after Covid handouts propped up struggling businesses.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.