More businesses collapse in March The latest lockdown could push some firms over the edge as dwindling cashflow exacerbated their already weak financial position.
Business by Glen Norris
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Subscriber only The latest Brisbane lockdown could push more firms over the edge as dwindling cashflows, particularly in the hospitality sector, exacerbated their already weak financial position. A total of 44 Queensland firms entered either liquidation or administration in March, a 22 per cent increase on the 36 insolvencies in February, amid the end of JobKeeper subsidies and debt moratoriums. A total of 40 companies went into liquidation over the past month and administrators were appointed to four companies.
More businesses collapse in March
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More businesses collapse in March
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