Quantcast
au iconAU

 

 

‘Business failures have spiked’: Recovery firm

A debt recovery agency has claimed there was a noticeable spike in the number of businesses winding up last financial year, in a warning about rising cost pressures and financial stress.

‘Business failures have spiked’: Recovery firm
smsfadviser logo
‘Business failures have spiked’: Recovery firm

Citing figures from insolvency firm Rodgers Reidy, Prushka Fast Debt Recovery said there had been a “worrying spike” in the number of applications to wind up a company in the 2018–19 financial year.

Read more at MyBusiness

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox