Aussie company collapses up 50 per cent since April, Creditorwatch finds
With business and consumer confidence declining and inflation and interest rates on the rise, this doesn’t bode well for businesses, particularly small and medium enterprises whose cash reserves were depleted during the pandemic and are now operating on much tighter margins.”
After four consecutive months of increases to interest rates and inflation continuing to rise, it is now clear that a slowdown in demand in many industries is inevitable, added Ms Thompson.
https://www.news.com.au/finance/business/other-industries/aussie-company-collapses-up-50-per-cent-since-april-creditorwatch-finds/news-story/c49a89ba59edfae5bc89214061ea255a