Bryan Williams: BWA Insolvency founder says businesses are still closing because of COVID

Many businesses that limped through the pandemic are now going under.

Insolvency practitioners have been reporting a sharp rise in the number of insolvencies since mid-2022.

Smaller retail, hospitality, construction, transport and manufacturing operators are failing far more now, than they were before the pandemic.

BWA Insolvency Founder Bryan Williams told Mike Hosking that many have burned through assets to survive.

He says almost every file that comes across his desk is a business that has almost no assets remaining, and has been using all its assets to survive.

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