Many businesses that limped through the pandemic are now going under. 

Insolvency practitioners have been reporting a sharp rise in the number of insolvencies since mid-2022. 

Smaller retail, hospitality, construction, transport and manufacturing operators are failing far more now than they were before the pandemic. 

Waterstone Insolvency Principal Damien Grant told Kerre Woodham a lot of businesses are subject to economic winds, which are outside of their control.  

He says we as a country are getting poorer, which means disposable income and things like hospitality are dropping, which is why you see a lot of pain in the hospitality sector in particular.  

LISTEN ABOVE 

Many businesses that limped through the pandemic are now going under.&nbsp;
Insolvency practitioners have been reporting a sharp rise in the number of insolvencies since mid-2022.&nbsp;
Smaller retail, hospitality, construction, transport and manufacturing operators are failing far more now than they were before the pandemic.&nbsp;
Waterstone Insolvency Principal Damien Grant told Kerre Woodham a lot of businesses are subject to economic winds, which are outside of their control. &nbsp;
He says we as a country are getting poorer, which means disposable income and things like hospitality are dropping, which is why you see a lot of pain in the hospitality sector in particular. &nbsp;
LISTEN ABOVE&nbsp;

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.

Best of Business

Damien Grant: Waterstone Insolvency Principal on the sharp rise in the number of insolvency

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f005a60c-8ed7-4a17-afee-b391017f8f9b/transcript