Reconstruction & Turnaround

As part of our ongoing initiative to bring clarity to Australia’s distressed market landscape, The White Knight Fund has released its FY25 Annual Insolvency Report, a full-year analysis of ASIC insolvency data across states, industries, and appointment types. This report not only unpacks the year in review, but also validates the strength of our predictive […]

🚨 The numbers aren’t slowing, they’re shifting. Insolvency data is more than just a headcount. It’s directional. It tells us where pressure is building… and where it’s bursting. The latest figures from ASIC show continued strain across the country, but the story is different in each state. 🔍 Here’s what we’re seeing this fortnight: 🧯

🚨 Cracks are widening. Who’s paying attention? Insolvency data isn’t just noise, it’s a map of where the stress is breaking through. And this fortnight, the map shows some sharp turns: 🛑 NSW & VIC: Liquidations are rising, and more of them are coming from the courts. That’s not orderly restructuring, that’s businesses being forced

Insolvency volumes are holding firm, with over 750 new appointments nationally in the first fortnight of June. But the story isn’t just in the numbers, it’s in the spread. White-collar sectors are entering the frame, regional cracks are deepening, and WA’s mix of mining, construction, and accommodation signals more pain to come. 📊 National SnapshotMost

Australia recorded 840 new insolvency appointments in the second half of May, the highest fortnightly volume in over 12 months. Despite broader economic resilience, the numbers point to an intensifying capital squeeze across construction, hospitality, and mining-adjacent operators. We’re seeing a structural shift: formal wind-ups now outpace voluntary administration pathways, while court appointments remain elevated,

🔻 Exploration spending just hit a four-year low. And insolvencies in the mining sector aren’t slowing down. In the March quarter, Australian minerals exploration spend fell to $643.5M, down 19% from the previous quarter and the lowest level since June 2021, according to BDO. This marks a sharp reversal from a decade-long growth cycle that saw

💥 811 insolvencies in 14 days. That’s not a number, it’s a signal. A signal that the undercurrent of stress across Australian businesses isn’t easing. It’s shifting, geographically, structurally, and psychologically. What’s happening beneath the numbers?🧭 In WA, we’re seeing contractors quietly disappear. Mining service providers in the east and south of Perth folding under

As part of a new initiative, The White Knight Fund has launched detailed, data-driven research into Australia’s insolvency landscape. This quarter, we’ve released a comprehensive state-by-state analysis of ASIC insolvency activity for Q3 FY25. The full report (attached) explores key metrics – including state, appointment type, company, appointee, and industry – to provide meaningful insight

This fortnight saw 626 new insolvency appointments across Australia – a modest dip from the previous period (717 appointments), but still indicative of sustained structural distress across several sectors. We continue to monitor construction, hospitality, and transport operators, which show persistent structural weakness. Meanwhile, court liquidations and DOCA outcomes remain unusually high, suggesting more companies

This fortnight saw 717 new insolvency appointments nationally, with elevated activity across construction, hospitality, and professional services. The pressure remains widespread as more businesses face liquidity and structural headwinds. Our analyst Noah Francis breaks down the ASIC data by state, sector, and appointee firm. 📊 National Snapshot🔹 420 liquidations (including court and CVL)🔹 158 restructuring