🚨 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 out.
âš’ WA: Mining-adjacent contractors and service providers are feeling the squeeze, with smaller firms dropping out quietly.
📉 Nationally: Construction and hospitality remain heavyweights in distress, but the jump in professional services and admin-heavy industries is a red flag. Even white-collar businesses are getting caught.
Key Figures: June 14 to 27, 2025:
🔹~838 total insolvency appointments (~750 last fortnight)
🔹NSW (~298), VIC (~254), QLD (~167), WA (~54)
🔹Liquidators > Administrators > Restructuring Plans – worrying trend away from recovery.
Who’s moving in WA?
🔹Mackay Goodwin & HLB Mann Judd are picking up more restructuring work.
🔹Hall Chadwick WA & GrantThornton remain active with SMEs under pressure.
🔹Boutique firms are landing niche mandates, a sign of growing complexity or just growing numbers?
At The White Knight Fund, we don’t just watch the numbers.
We act when others can’t – deploying capital, stabilising businesses mid-process, and creating paths out of distress.
