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;

Join Kerre Woodham one of New Zealand’s best loved personalities as she dishes up a bold, sharp and energetic show Monday to Friday 9am-12md on Newstalk ZB. News, opinion, analysis, lifestyle and entertainment – we’ve got your morning listening covered.

Kerre Woodham Mornings Podcast

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/3bf4658a-2ec0-4269-811f-b391017f9217/transcript