This fortnight saw 822 new external administration appointments – a slight rise from the previous period – with continued stress across construction, hospitality, and professional services.
Our analyst Noah Francis breaks down the latest ASIC activity by state, sector, and firm.
📊 National Snapshot
🔹 446 were liquidations (320 Creditors’ Voluntary, 126 Court-ordered)
🔹 219 restructuring appointments (45 Restructuring Plans, 174 SBR’s)
🔹 86 administrators and 40 receiverships
📍 State-by-State Breakdown
🔹 NSW led again with 302 appointments (36.74%) – mainly in construction, hospitality, and professional services
🔹 Victoria followed closely with 243
🔹 Queensland (134), Western Australia (67), and South Australia (44)
🔹 ACT, NT, and Tasmania accounted for the remaining 28
Sectors Under Pressure
🔨 Construction: Over 188 appointments, driven by delayed projects, rising input costs, and margin pressure
🍽️ Accommodation & Food Services: 140 appointments, especially in NSW & VIC – restructuring interest rising
🛍️ Retail: 60+ businesses collapsed, mostly small operators in food, apparel and auto
💼 Professional Services: More than 50 appointments, especially in consulting and technical service firms
🚚 Transport & Warehousing: Ongoing pressure on smaller operators, affected by high costs and tight demand
📌 Western Australia Focus
WA recorded 67 appointments, concentrated in construction, retail, and services. Top firms by volume this fortnight:
🔹 Mackay Goodwin – 13.4%
🔹 Hall Chadwick WA – 11.9%
🔹 Worrells – 10.5% each
🔹 RSM, McGrathNicol, Ticcidew Pty Ltd – 6.4% each
FYTD, the most active WA firms include WA Insolvency Solutions, Mackay Goodwin, RSM, Hall Chadwick WA, and KordaMentha – with mining services and property-exposed businesses under watch.
🔮 Restructuring Momentum Builds
This fortnight saw 219 restructuring appointments – with construction (49), hospitality (49), and professional services (16) leading the way.
