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 appointments
🔹 62 voluntary administrations
🔹 39 receiverships
📍 State-by-State Breakdown
🔹 NSW leads again with 260 appointments (36.3%)
🔹 Victoria followed with 205, then Queensland with 134
🔹 Western Australia recorded 66 appointments
🔹 South Australia, ACT, Tasmania, and NT combined for 52
💼 Sectors Under Pressure
🔨 Construction: 170 appointments – the most affected industry this period
🍽️ Accommodation & Food Services: 102 hospitality closures, particularly in NSW and VIC
🧰 Other Services: 84 appointments including trades, cleaning, and maintenance
💼 Professional Services: 56 appointments across legal, consulting, and engineering
🚚 Transport & Warehousing: 32 operators entered external administration
📌 Western Australia Focus
WA saw 66 appointments, concentrated in construction, services, and restructuring mandates.
Top WA appointment types:
🔹 23 x Liquidations
🔹 21 x Administrations
🔹 13 x Restructuring Plans
🔹 5 x Receiverships
Top firms by WA volume:
🔹 KordaMentha – 10 appointments
🔹 Mackay Goodwin – 7
🔹 Hall Chadwick WA – 6
🔹 Worrells – 6
🔹 RSM – 3
FYTD, WA remains driven by distress in construction, mining services, and retail-facing operators.
🔮 Restructuring Activity
158 restructuring appointments occurred this fortnight, driven by:
• Construction (significant subcontractor activity)
• Hospitality (especially independent restaurants)
• Real estate and consulting services
📢 How We Help
The White Knight Fund deploys capital, technical depth, and hands-on support through three targeted strategies:
🔹 Strategic Investments – Equity and turnaround support for distressed, non-core, or special situation mining/exploration assets
🔹 Private Capital – Fast-response funding (often within 48 hours) for administrators, directors, or debtors
🔹 Project Sales – We run tailored asset sales processes globally – greenfields to production
Want to talk? Contact Jack Gregson or Mel Ashton.
📌 Data sourced from ASIC Insolvency Notices. Industries per ANZSIC.
