The number of liquidations is starting to rise as small and medium-sized businesses are suffering from a lack of sales. 

Businesses are seeing a lack of overall sales, with some people putting off big purchases. 

More people are paying their phone bills and mortgages on time in the month, but late payments are up year-on-year.  

Centrix Managing Director Keith McLaughlin told Mike Hosking that the level of liquidations in the month of May have been at a 10 year record. 

He says the trend is increasing, which is of more concern. 

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