The sugar hit many businesses received during the pandemic is starting to wear off.

Company liquidations are on the rise again as the Covid-related protections that once shielded businesses are subsiding.

Restructuring Insolvency and Turnaround Association chair Kare Johnstone says the number of liquidations from the first quarter of 2023 is 265, up 29 percent from early 2022.

"While liquidations are on the increase, if we just have a look at that same period for pre-pandemic levels, we're actually still sitting at under the liquidations low at 31 percent."

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The sugar hit many businesses received during the pandemic is starting to wear off.
Company liquidations are on the rise again as the Covid-related protections that once shielded businesses are subsiding.
Restructuring Insolvency and Turnaround Association chair Kare Johnstone says the number of liquidations from the first quarter of 2023 is 265, up 29 percent from early 2022.
"While liquidations are on the increase, if we just have a look at that same period for pre-pandemic levels, we're actually still sitting at under the liquidations low at 31 percent."
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.