New Zealand Business Liquidations Rise In March
New Zealand experienced 286 company liquidations and 308 insolvencies in March, according to Centrix data. This represents the highest number of liquidations for the month of March since 2015. The report shows there were 3,023 total liquidations in the year leading up to March. The data indicates increasing difficulty for businesses in the region. There were 308 insolvencies recorded during the same month. These figures reflect increasing difficulty for registered businesses in the country. The data suggests debt and land revenue are major factors contributing to these liquidation numbers.
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Sources · 7 independent
RNZ National
“revealed that since 2010, New Zealand has spent $64 billion on hazard-related”
RNZ National
“we've got more companies went into liquidation in March than in any March month since 2015. Centrix, their latest update shows there were 3,023 liquidations in the year to March.”
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