🚨 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:
🧯 NSW & VIC: Still leading on volume, but with a tilt toward liquidations and court appointments. That’s enforcement, not turnaround.
🪓 QLD: Numbers dipped slightly, but the diversity of industries in distress (from finance to food services) is worth noting.
📉 WA: Appointments steady, but the mix is changing. More boutique firms are stepping in, and appointments are spreading beyond mining into services and light industry.
đź’Ľ Nationally: Distress is bleeding into white-collar sectors. A notable jump in insolvencies across professional services, financial firms, and admin-heavy industries.
📊 Key Stats – 28 June to 11 July 2025:
🔹 917 total appointments (vs ~838 prior fortnight)
🔹 NSW (319), VIC (298), QLD (171), WA (44)
🔹 Liquidator appointments still dominate, signalling finality over restructuring
WA Watch:
🔹 HLB Mann Judd Insolvency WA and BRI Ferrier WA are active, particularly in SME-led collapses
🔹 Pitcher Partners, Rodgers Reidy, and Mackay Goodwin are also gaining ground
🔹 “Other” firms cover nearly 40%, a sign of fragmentation in the mid-market
At The White Knight Fund, we turn data into action.
We deploy capital in special situations, partner with stakeholders mid-process, and build bridges between failure and future.
