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 are sliding into formal wind-up processes without successful restructuring.
📊 National Snapshot
– 234 Creditors’ Voluntary Liquidations
– 129 Court Liquidations
– 79 Restructuring Appointments
– 63 Voluntary Administrations
– 43 Restructuring Plans
– 42 DOCAs
– 36 Receiverships & Controllers Appointed
📍 State-Level Trends
NSW (210) and VIC (172) dominate in volume, accounting for over 60% of all appointments. QLD (120) and WA (68) round out the top four, with WA’s activity disproportionately driven by construction and mining-linked operators.
But it raises the question: are we starting to see the cracks widen in second-tier and regional markets, particularly those overexposed to interest-sensitive sectors like development, contracting, and discretionary retail?
🏗️ Sectors Under Pressure
– Construction (172 appointments) continues to lead, a near-constant presence at the top. The subcontractor and project shutdown dynamic is compounding.
– Hospitality (81) remains fragile, especially among independent food operators.
– Other Services (61) including trades, beauty, and repair industries are feeling cost squeeze.
– Transport (44) and Admin Services (41) round out the top five, suggesting broader supply chain instability.
📌 WA Spotlight
WA recorded 68 appointments, led by Mackay Goodwin, Auxilium Partners, HM BUSINESS ADVISORY SERVICES LTD, Restructure Now, and McGrathNicol. WA insolvency is increasingly tied to mining services, property-linked trades, and marginal operators in Perth’s south and east.
🏢 Top Firms Nationally
– SV Partners (70)
– Worrells (51)
– Mackay Goodwin (38)
– dVT Group (19)
– Hall Chadwick (15)
These firms continue to capture the lion’s share of SME-focused appointments, especially in metro markets.
📢 How We Help
The White Knight Fund provides capital, experience, and execution capability across three strategic pillars:
🔹 Strategic Investments – in non-core or distressed mining and resource assets
🔹 Private Capital – fast-response funding for turnaround and Safe Harbour scenarios
🔹 Project Sales – asset divestments from greenfields to near-production
Want to understand what this means for your clients or capital strategy?
Let’s talk. Contact Jack Gregson or Mel Ashton.
📌 Data sourced from ASIC Insolvency Notices. Industries per ANZSIC.
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