💥 811 insolvencies in 14 days.
That’s not a number, it’s a signal.
A signal that the undercurrent of stress across Australian businesses isn’t easing.
It’s shifting, geographically, structurally, and psychologically.
What’s happening beneath the numbers?
🧠In WA, we’re seeing contractors quietly disappear. Mining service providers in the east and south of Perth folding under delayed payments, shrinking margins, and projects on pause.
📉 In NSW and VIC, liquidation volume is high, but the mix is changing. More court appointments. Fewer restructures. That’s not just bad luck, it’s bad liquidity.
And nationally? Construction, transport, hospitality, they’re still leading. But the rise in admin-heavy sectors and professional services says something new: even the white-collar layer isn’t immune anymore.
Key Numbers – May 3 to 16, 2025
• 811 total insolvency appointments
• 284 CVLs, 137 Court Liquidations, 45 Administrators, 115 Restructuring Plans
• NSW (301), VIC (251), QLD (110), WA (69)
In WA, firm activity tells its own story:
• WA Insolvency Solutions, Mackay Goodwin, and KordaMentha are taking more restructuring-linked work.
• Auxilium Partners and Hall Chadwick are active in SME appointments, particularly among mining-adjacent trades.
• But we’re also seeing smaller firms win niche mandates. A sign of growing complexity – or growing volume?
Why does this matter to us?
Because The White Knight Fund isn’t just watching from the sidelines. We deploy strategic capital into distressed assets, often when no one else can. We back teams mid-process. We stabilise. We restructure. We exit with purpose.
📊 View the full sectoral and firm breakdowns in the visual carousel attached.
📩 If you’re managing risk for a distressed business – or representing one – let’s talk about options others miss.
