Andrews Vic Disaster #24 - Businesses Collapse

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    The disastrous legacy of Daniel Andrews and his incompetent ministers on display again.

    As reported in the Herald Sun today......

    93 Vic firms collapse in June as lockdown bites

    David Ross

    At least 93 Victorian businesses entered insolvency and administration in June as the state’s economy grappled with the latest lockdowns in response to the outbreak of Covid-19.
    The early data from the Australian Securities and Investments Commission list reveals a slew of Victorian business losses.
    The toll comes after 107 Victorian businesses collapsed in June last year.
    However, industry experts stress the full figure will likely be revealed in coming weeks as late filings add to the figure.
    The data showed construction companies continuing to crop up in serious numbers, with some casualties having survived 40 years in the same family before falling in June.

    The June figures also revealed corporate casualties of a long running legal fight over the wine in a can brand, with a court ordering the wind up of two companies caught up in the fracas.

    However, the June figures come after 125 businesses collapsed in May of this year.
 
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