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Builders and cafes hit as insolvencies spike 36 per cent

Builders and cafes hit as insolvencies spike 36 per cent
A high-profile building company was among the 60 Queensland firms collapsing last month as the end of subsidies put increased pressure on finances.
Business
by Glen Norris
Premium Content
Subscriber only
High-profile building company PlanBuild and a famous North Queensland restaurant were among the Queensland firms that collapsed last month as the end of subsidies such as JobKeeper put increased pressure on finances.
The number of Queensland companies that had liquidators or administrators appointed during April increased 36 per cent to 60 from 44 in March.
SM Solvency Accountants partner Brendan Nixon said he was surprised business failures had not increased more to date due to the impact of COVID-19. Insolvency experts warned last year of a "tsunami" of company collapses due to the pandemic.

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Builders and cafes hit as insolvencies spike 36 per cent

Builders and cafes hit as insolvencies spike 36 per cent
qt.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from qt.com.au Daily Mail and Mail on Sunday newspapers.

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More businesses collapse in March

More businesses collapse in March
gattonstar.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gattonstar.com.au Daily Mail and Mail on Sunday newspapers.

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More businesses collapse in March

More businesses collapse in March
ballinaadvocate.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ballinaadvocate.com.au Daily Mail and Mail on Sunday newspapers.

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More businesses collapse in March

More businesses collapse in March
The latest lockdown could push some firms over the edge as dwindling cashflow exacerbated their already weak financial position.
Business
by Glen Norris
Premium Content
Subscriber only
The latest Brisbane lockdown could push more firms over the edge as dwindling cashflows, particularly in the hospitality sector, exacerbated their already weak financial position.
A total of 44 Queensland firms entered either liquidation or administration in March, a 22 per cent increase on the 36 insolvencies in February, amid the end of JobKeeper subsidies and debt moratoriums.
A total of 40 companies went into liquidation over the past month and administrators were appointed to four companies.

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More businesses collapse in March

More businesses collapse in March
byronnews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from byronnews.com.au Daily Mail and Mail on Sunday newspapers.

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More businesses collapse in March

More businesses collapse in March
frasercoastchronicle.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from frasercoastchronicle.com.au Daily Mail and Mail on Sunday newspapers.

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More businesses collapse in March

More businesses collapse in March
gladstoneobserver.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gladstoneobserver.com.au Daily Mail and Mail on Sunday newspapers.

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More businesses collapse in March

More businesses collapse in March
sunshinecoastdaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunshinecoastdaily.com.au Daily Mail and Mail on Sunday newspapers.

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Latest business liquidations in Whitsunday

Latest business liquidations in Whitsunday
gattonstar.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gattonstar.com.au Daily Mail and Mail on Sunday newspapers.

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