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Insolvency Stories - Page 3

Kiwi Stories

Insolvency stories

Insolvency triggers record auction
Supply Chain

Insolvency triggers record auction

Creditors will see proceeds from more than 350 pieces of late-model earthmoving kit sold in New Zealand's biggest insolvency auction of its kind.

By Staff Writer • 2 min read • Sun, 2nd Apr 2023
Liquidation no escape from health and safety accountability
Risk & Compliance

Liquidation no escape from health and safety accountability

WorkSafe says directors remain liable after insolvency, as a painter’s death in Bucklands Beach exposed failures to use edge protection.

By Michael Curreen • 2 min read • Fri, 29th Jul 2022
Probuild’s failure a ‘wake-up call’ for construction industry
Supply Chain

Probuild’s failure a ‘wake-up call’ for construction industry

Rising costs and supply chain strain have left owners and subcontractors facing delays, overruns and wider disruption after Probuild's collapse.

By Staff Writer • 4 min read • Sun, 27th Feb 2022
Insolvencies hit Australian construction sector – is New Zealand next?
Supply Chain

Insolvencies hit Australian construction sector – is New Zealand next?

Construction firms are under pressure as insolvencies account for a quarter of all business failures, with New Zealand now watching closely.

By Staff Writer • 3 min read • Fri, 7th Jan 2022
Australian construction industry cries out for reform
Data Analytics

Australian construction industry cries out for reform

Record spending is exposing poor productivity, rising insolvencies and risk in Australia’s construction sector, industry leaders warn.

By Staff Writer • 5 min read • Fri, 10th Sep 2021
Construction industry post-lockdown – what you can do now to prepare
Digital Transformation

Construction industry post-lockdown – what you can do now to prepare

Jobs and cashflow are under pressure as New Zealand's construction sector braces for a slow restart after lockdown.

By Michael Curreen • 3 min read • Thu, 16th Apr 2020
Dark times ahead for commercial sector
Small Business

Dark times ahead for commercial sector

Hundreds of millions in rent and project revenue are at risk as New Zealand's commercial property sector warns of wider economic damage.

By Michael Curreen • 3 min read • Wed, 15th Apr 2020
Construction industry post-lockdown – what you can do now to prepare
Digital Transformation

Construction industry post-lockdown – what you can do now to prepare

One-third of construction jobs are at risk as firms brace for insolvencies and shift training and services online to survive the lockdown.

By Staff Writer • 3 min read • Mon, 6th Apr 2020
Infrastructure sector sees 30% less jobs
Disaster Recovery

Infrastructure sector sees 30% less jobs

Thousands of New Zealand construction workers face redundancy within months unless sites can reopen safely and government support is stepped up.

By Staff Writer • 2 min read • Tue, 31st Mar 2020
Are your contractors competent?
Risk & Compliance

Are your contractors competent?

Companies can face serious penalties if they hire untrained contractors, after a forestry worker suffered major chest injuries in Waitakere.

By Michael Curreen • 3 min read • Tue, 14th Jan 2020

Global Stories

Insolvency stories

Big business needs new payment strategies for small suppliers
Digital Transformation

Big business needs new payment strategies for small suppliers

While the other end of town enjoys regular pay cycles and pontificates about bonus structures, small businesses simply need to be paid on time.

By Julian Harris • 5 min read • Thu, 1st Jun 2023
Mazars In Singapore appoints two new local partners
Partner Programmes

Mazars In Singapore appoints two new local partners

Mazars in Singapore expands its Financial Advisory and Consulting teams with the appointment of two new local Partners.

By Kaleah Salmon • 3 min read • Mon, 22nd May 2023
Longstanding Kiwi field service contractor Indeserve in liquidation
Data Analytics

Longstanding Kiwi field service contractor Indeserve in liquidation

IndeServe, a longstanding local service contractor that has worked with companies including IBM, Fujitsu and Datacom, has voluntarily filed for liquidation.

By Zach Thompson • 3 min read • Fri, 3rd Jun 2022

Stories from Other Regions

Insolvency stories

Digital technology set to empower Australian subcontractors
Digital Transformation

Digital technology set to empower Australian subcontractors

The construction and engineering sectors are increasingly beginning to recognise the value of digital transformation and data-driven construction.

By Sumit Oberoi • 4 min read • Mon, 16th Oct 2023
How AR automation can help your B2B business grow sustainably in 2023
AR, VR & Metaverse

How AR automation can help your B2B business grow sustainably in 2023

Despite the predictions that tougher times are incoming, plenty of businesses are identifying opportunities to expand their range, reach and revenue.

By Danny Wheeler • 4 min read • Tue, 11th Apr 2023
McGrathNicol has appointed two new partners
Partner Programmes

McGrathNicol has appointed two new partners

Restructuring and advisory firm McGrathNicol welcomes two new partners: Linda Smith and Michael Gray, bringing the total to 51 partners.

By Zach Thompson • 1 min read • Thu, 2nd Feb 2023
How to achieve technology-fuelled growth with finance
Semiconductors

How to achieve technology-fuelled growth with finance

2020 highlighted the reliance on technology in business, so leverage it to your advantage. Here's how to achieve tech-fuelled growth and fund it properly.

By Staff Writer • 4 min read • Wed, 31st Mar 2021