Research – Latest insolvency report urges Kiwi business owners to heed early warning signs

Source: BWA Insolvency
Latest insolvency figures reveal a sharp rise in business failures, highlighting both challenges and opportunities for New Zealand business owners.

The BWA Insolvency Quarterly Market Report released today shows insolvency rates between January and March 2025 surged by 31% compared to the same period in the previous year. Liquidations rose by 40%, while receiverships and voluntary administrations saw a decline.
 
The report’s author, BWA Insolvency principal Bryan Williams, says that despite the data there is a path forward for those with strategic foresight.
 
“These numbers, while concerning, serve as a crucial alert for business owners to review their financial strategies,” Williams says.

 
Key Data
NZ Insolvencies Q1 2025 vs. Q1 2024 – Annual Comparison

  • Liquidations: Up from 504 to 705 (40%) 
  • Receiverships: Down from 40 to 39 (-3%) 
  • Voluntary Administrations: Down from 25 to 4 (-84%) 
  • Total Insolvencies: Up from 569 to 748 (31%) 

NZ Insolvencies Q1 2025 vs. Q4 2024 – Quarterly Comparison

  • Liquidations: Up from 666 to 705 (5.86%) 
  • Receiverships: Up from 37 to 39 (5.41%) 
  • Voluntary Administrations: Down from 6 to 4 (-33.33%) 
  • Total Insolvencies: Up from 709 to 748 (5.5%) 

Williams says the rise is partially attributed to global economic factors, including trade instabilities and market uncertainties, but is also a carryover of COVID-19 and the accumulated debt that resulted.
 
“Insolvency is always late to the party. It has a long incubation period and often doesn’t show itself until the conditions that caused it have moved on.”
 
Williams believes that amid rising insolvency rates, companies should remain vigilant in looking for ways to minimise the impact of the current turbulence. “Hedge against the potential for risk wherever and whenever you can,” he says. “By identifying warning signs early, businesses can adapt and thrive despite the economic pressures.”
 
Industries hit hardest in the last quarter were tourism, transport and delivery, construction and manufacturing. The construction industry has seen continued high rates of business failures, with this quarter’s figures showing no reprieve—insolvencies increased by 44%, up from 130 in Q1 2024 to 187 in Q1 2025.
 
“Companies with solid balance sheets can expect to ride out the challenges immediately ahead. Focusing on efficiency and innovation will be the wet weather coat for these companies.”
 
Acknowledging the impact of the current “arm wrestle” between the United States and China, Williams hopes both parties will soon recognise that fighting it out may cost more than it will gain.
 
“The best that can be hoped for is that leaders will pull back and let their respective societies grow as they will. The interplay of global tensions and local economic factors means New Zealand businesses must be agile and prepared. Our current insolvency figures are a reflection of these broader issues.”
 
Looking ahead, Williams believes there are reasons to be optimistic: “Though the short-term outlook remains challenging, New Zealand’s inherent resilience and adaptability are its greatest assets.
 
“Even one or two major projects within the country can dramatically shift business optimism, reinvigorating growth and opportunity,” he says. “Such developments can serve as a catalyst for broader economic revival.
 
“There is a road of turbulence ahead and this will damage plans that were made during more stable times. The effects will be universal and avoiding them will be like a rally driver trying to avoid potholes.
 
“Businesses that stay nimble, focus on core strengths, and prepare for future opportunities will be well-positioned when stability returns.”
 
The full Quarterly Market Report is available herehttps://bwainsolvency.co.nz/wp-content/uploads/2025/05/BWA_Insolvency-Market-Report_Q1-2025_FINAL.pdf
 
About BWA Insolvency 
BWA Insolvency is a leading insolvency firm that supports New Zealand businesses through liquidations, receiverships and voluntary administrations (VA), specialising in VA in particular.  Founder Bryan Williams has 30 years’ experience in the industry and has recently become just the second person in New Zealand and one of 200 people worldwide to be named a Fellow of global insolvency organisation Insol International. 
 
About the BWA Insolvency Quarterly Market Report
BWA Insolvency has been tracking data on liquidations, receiverships and voluntary administrations since 2012. The Registrar of Companies Office records the filings of companies that have gone into a formal state of insolvency. BWA Insolvency then does a deeper investigation to show industry trends and provide a detailed snapshot of what’s happening in the market for the Quarterly Market Report.

Education – Whitireia and WelTec Celebrate Graduates in Lively Lower Hutt Ceremony

Source: Whitireia and WelTec

On 30 April Whitireia and WelTec proudly celebrated the Whakapōtaetanga (graduation) of ākonga (students) from Engineering, Business, IT, Health, Creative, and Hospitality. The event was the second of two graduation ceremonies to be held in 2025, celebrating over 1,000 graduates.
The ceremony was opened by the cultural leadership of Whitireia and WelTec Tamaiti Whangai Mentor and Jobs Broker Tame Ngaheke (Te Āti Awa). Te Ara Whānui Kura Kaupapa Māori o ngā Kōhanga Reo o Te Awa Kairangi performers welcomed the graduands as they took their places in the Lower Hutt Town Hall and set the scene for what was a moving ceremony.
Mayor of Lower Hutt Campbell Barry and Upper Hutt Mayor Wayne Guppy (as pictured) joined the celebrations to acknowledge the achievements of the graduates and their families.
Mayor Campbell Barry said, “It’s been fantastic to join today’s celebrations and see the pride across the community. Graduation is a major milestone-not just for the students, but for the whānau and friends who have supported them. Whitireia and WelTec graduates bring real skills and talent to our city and will play an important role in shaping Lower Hutt’s future. I’m proud to celebrate with them and look forward to seeing what they achieve next.”
The ceremony ran seamlessly under the guidance of Whitireia and WelTec Jobs Broker, Tui Bradbrook, as MC. It featured inspiring speeches from special guest Vanessa Stacey, Director of the NZ Fringe Festival, and international ākonga speaker, Sonam Narayan.
Vanessa Stacey shared career highlights and commented on the importance of working hard and taking opportunities as they come.
“We live in a world where we are constantly comparing ourselves. The only real commodity that you have is in your own individuality, your own sense of self. Please hold onto that as you take these first steps into the beginning of the rest of your lives.”
Representative of the ākonga body, Sonam Narayan shared her unique experience moving from a new country to join Whitireia and WelTec, and her life-changing journey through tertiary education.
Whitireia and WelTec Executive Director Mark Oldershaw congratulated the ākonga and thanked the families, friends, and the dedicated kaimahi (staff) who have supported them every step of the way.
“We look forward to seeing these talented graduates make their mark on the world, confident that the knowledge, skills, and connections they have gained will empower them to shape a brighter future for themselves and their communities.”

Natural Events – Insurers Support Kiwis as Severe Weather Eases

Source: Insurance Council of NZ

As severe weather conditions ease across Canterbury and Wellington, New Zealanders are turning their focus to the clean-up and recovery.
The Insurance Council of New Zealand | Te Kāhui Inihui o Aotearoa (ICNZ) is encouraging people to take early steps toward recovery if it is safe to do so.
“Insurers recognise that in the early stages of recovery, many people may not be able to quickly lodge a claim,” ICNZ chief executive Kris Faafoi said.
“While you should contact your insurer as soon as possible, don’t wait to take steps to reduce further damage and begin recovery if it’s safe to do so.”
Some practical tips to support a faster and safer recovery include:
  • Mark and photograph all affected items before moving or disposing of them.
  • Carry out emergency repairs to make your home safe. Keep receipts and a record of the work completed.
  • If your home is exposed to the elements, you can engage a qualified professional to install temporary protections (like a tarpaulin), provided it’s safe.
  • Dispose of ruined or contaminated items that cannot be salvaged or cleaned.
  • Wear appropriate protective gear and keep a detailed list of what is removed. Take photographs and retain any proof of purchase to support your insurance claim.
  • Separate items that can be cleaned and do not store unsanitary belongings in your home.
  • Do not remove structural elements like flooring, wall linings, or materials that could contain hazardous substances without speaking to your insurer first. Such work must be done by qualified professionals.
For homes that are uninhabitable, temporary accommodation benefits may be available under many home and contents policies and those affected are encouraged to ask their insurer about available support.
“Be assured-your insurer is ready to help as soon as you’re able to get in touch to lodge a claim,” Kris Faafoi said.
“Your insurer will also be the main point of contact for all claims, including those under NHCover, which they manage on behalf of the Natural Hazards Commission (NHC).
“If your property has been affected, let your insurer know. They can help organise assessments for both your home and any damaged land,” Kris Faafoi said.

Northland News – Matangirau’s new flood defences pass first major test in recent 10-year rainfall event

Source: Northland Regional Council

A small, flood-prone Northland community has withstood a 10-year rainfall event, thanks to new flood protection works led by Northland Regional Council.
Around 300ml of rain fell on the Far North’s Matangirau catchment during Ex-Tropical Cyclone Tam, the most rain recorded in the area in a decade and almost twice the rainfall recorded across Northland.
Flood protection measures were installed last year at Matangirau as part of the $5.735 million Flood-Resilient Māori Communities and Marae project.
The project (funded by the Local Government Flood Resilience Co-Investment Fund and NRC) aims to reduce flood risks for six flood-affected Māori communities (Kawakawa, Otiria-Moerewa, Kaeo, Matangirau, Whirinaki and Punuruku) and 35 marae across Te Tai Tokerau.
Local Robert Rush said prior to the flood works, his whare was always the first to flood when there was heavy rainfall.
Their local marae would also always go under water.
Yet after the flood mitigation works undertaken by NRC, Rush said, the results had been fantastic.
“It’s been a work in progress, especially showing our whānau that the council were only there to help and not to steal our land,” Rush said.
“We’ve had stop banks and river works done around our homestead and it hasn’t flooded since.
“We also had some work done just a couple of weeks before ex-Cyclone Tam, which was perfect timing because we didn’t flood during that time either, nor did my grandfather’s house which is near the new marae.”
NRC Te Ruarangi (Māori and council working party) Whangaroa hapū representative and Matangirau haukainga Nyze Manuel agreed the benefits of the flood works were obvious.
She said the mahi of Te Ruarangi had also played a critical role in the activation and front line of Māori communities during these times.
“Well we’re not under water, so that’s awesome!” Manuel said.
“Through our Te Ruarangi network we were able to get out communications to people about the weather in a fast and efficient way.
“And as more flood works are done by NRC, we’ll see less flood water in these vulnerable areas.”
Matangirau’s flood mitigation is based on an engineering method called ‘floodway benching’ designed to reduce flood risk for homes and the marae upstream of the Wainui Road Bridge.
A 1960s rebuild of the bridge (which raised the bridge and approaches by about two metres above the existing flood plain) unintentionally worsened flooding by creating a ‘detention dam’ effect during heavy rainfall, capturing and holding excess water during heavy rainfall events.
As a child, Rush said he didn’t recall any flooding until the local road and bridge works were completed.
“We’ve had a whole lot of issues and have moaned about that for years, that’s why we built our whare where it is now because it never used to flood there,” he said.
“That’s why it was essential to get the flood works done as we’ve been flooded 3-4 times now and are no longer able to insure our house.”
The new benching works aim to reverse this damage by giving floodwaters more space to spread out, allowing more water to flow under the bridge.
This proven approach, used successfully in Awanui, maintains the river channel while adding a higher, wider ‘bench’ for safer floodwater flow.
Northland Regional Council Rivers Manager Joe Camuso said the recent weather event had proven the value of investing early in communities like Matangirau.
While it wasn’t a ‘miracle’ cure for flooding, Camuso said it had made a significant improvement on the impact of heavy rainfall to the area.
“What we’re seeing now is the flow regime is much more efficient, so we’re seeing more water flowing under the bridge, which means less flooding during large rainfall events,” Camuso said.
“While this is great, it is only built to withstand up to a 50-year flood event, of which there is only a two per cent likelihood each year.”
Flooding remains one of Northland’s most damaging and frequent natural hazards, impacting social, economic, and cultural wellbeing.
For Māori communities, the risk is particularly acute, with marae often located in low-lying, flood-prone areas.
During past storm events like Cyclone Gabrielle, widespread damage was seen across Māori communities, particularly to papakāinga (communal housing) and low-income areas.
Ensuring marae were more resilient, Camuso said, would mean more communities would be better off moving forward.
“In a flood event, marae become like a defacto civil defence hub, which often need to house and protect local whānau impacted by floodwaters,” he said.
“In the past week we’ve received so many emails from marae we’ve worked with, thanking us and telling us of the benefit they’re already seeing from the flood protection works.
“I’d like to thank the local whānau and hapū who have worked with us to ensure these flood works are a success.”
Rush said he too was grateful for the support from NRC to help flood-proof their whenua.
“Joe and his team have been a big part of this from early on and have been awesome over the years, which has really benefitted our whānau in the area.”
The flood resilience initiative not only focuses on physical protection like benching and stop banks but includes emergency planning, community-led adaptation, and exploring options for relocating the most vulnerable marae.
Site works across the region began in December 2023, with practical completion expected by mid 2025.
A video taken outside the Rush whānau homestead during the peak of the rainfall during ex-Cyclone Tam

Update, unexplained death, Woodridge

Source:

Attributable to Detective Inspector Haley Ryan:

Police investigating the death of a person in Woodridge overnight are appealing for CCTV footage from the community.

An investigation was initiated after a body was located inside a burnt-out vehicle on Ladbrooke Drive at around 11.40pm.

Initial indications suggest the death is not suspicious and the death will be referred to the Coroner.

Although the death is not considered to be suspicious, Police are appealing for CCTV footage to establish the events leading up to the incident.

Police would like to hear from anyone who may have CCTV or dashcam footage in the surrounding streets, specifically Ladbrooke Drive and Woodridge Crescent.

If you have information that may assist in Police’s enquiries, please contact us online at 105.police.govt.nz, clicking “Update Report” or call 105.

Please use the reference number P062417472.

ENDS

Unexplained death, Woodridge

Source:

Wellington Police are making enquiries following the discovery of a body in a burnt out vehicle overnight.

Police were notified of the vehicle on fire at around 11.40pm on Ladbrooke Drive in Woodridge.

Detective Senior Sergeant Steve Williamson says upon arrival of emergency services, a body was located inside the vehicle.

“Enquiries are now underway to establish the full circumstances of what has occurred.”

A scene guard has been in place overnight at the scene and at a nearby property.

A scene examination is due to take place today.

“While the circumstances around this incident are unexplained at this stage, we believe there is no ongoing risk to the public.

Members of the Woodridge community may notice an increased Police presence in the area while enquiries are ongoing.

ENDS

Issued by Police Media Centre

Police investigating Far North incidents overnight

Source:

Police are investigating an aggravated robbery at a Kawakawa property on Thursday night.

Detective Inspector Rhys Johnston, of Northland CIB, says a report was made to Police about two men arriving at a property on State Highway 1, just south of the Kawakawa township after 9pm.

“Initial information reported was that both men were carrying firearms and were demanding a vehicle parked at the property.

“The occupants managed to leave the address without injury and contacted Police.”

It was initially thought the offenders were still at the property and the Armed Offenders Squad deployed.

Detective Inspector Johnston says cordons were put in place on a section of State Highway 1.

Northern cordons were in place at the roundabout in the Kawakawa township, with the southern cordon based at Waiomio Road.

“AOS staff voice appealed the address before midnight, and eventually cleared the property however no offenders were present.”

Cordons were stood down at around 1am and Police enquiries are ongoing.

Police are also investigating a firearms incident alongside this incident, which was reported at a property in Kaikohe at 11.15pm.

“At least two men made threats towards the occupant of this address, before assaulting him but medical attention was not required.”

Police acknowledge the cooperation of motorists who were turned around or were delayed at cordons near Kawakawa overnight.

“Police need to take these matters seriously and we do not tolerate threatening or violent behaviour involving firearms,” Detective Inspector Johnston says.

“What I can say at this stage is that we do not believe these events to be random, and Police are following lines of enquiry in the investigation.”

ENDS. 

Jarred Williamson/NZ Police

Driver sought following fatal crash in Balmoral

Source:

Police are seeking the driver of a vehicle involved in a fatal crash in Balmoral overnight.

Just after 1am two vehicles collided on Dominion Road, near Wiremu Street.

“The crash has resulted in one vehicle colliding with the storefront of a restaurant, and the other vehicle coming to a stop a short distance away,” acting Detective Senior Sergeant Rebecca Kirk says.

“Immediately after the crash, the driver of the vehicle which crashed into the shop fled on foot from the scene.”

Police staff arrived on scene a short time later.

Acting Detective Senior Sergeant Kirk says the driver of the other vehicle was located deceased at the scene, with the passenger in a critical condition.

The passenger remains in Auckland City Hospital.

“Our enquiries are ongoing to identify and locate the driver of the vehicle who fled,” she says.

“I encourage that driver to do the right thing and contact Police or bring himself into the nearest Police station.”

A section of Dominion Road was closed overnight while the Serious Crash Unit examined the scene.

Anyone with information that can assist Police enquiries are asked to contact Police on 105 using the file number 250502/0011.

Information can also be provided anonymously via Crime Stoppers on 0800 555 111.

ENDS.

Jarred Williamson/NZ Police

Traffic Delays at Northcote

Source:

Police are advising of delays for northbound traffic coming off the Auckland Harbour Bridge at Northcote.

A truck swerved across several lanes of traffic and into the median barrier at 9.20am.

The driver required medical treatment at the scene and been taken to North Shore Hospital.

One northbound lane remains closed and motorists are advised to expect delays as the scene is cleared. 

ENDS.

Nicole Bremner/NZ Police 

Oranga Tamariki showing clear progress on key performance targets

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Public reporting on key performance indicators for Oranga Tamariki show the Ministry is making strong progress on its most important goals. 
In its second public reporting on key performance indicators, Oranga Tamariki has made progress across all four key priority areas emphasised by Minister for Children, Karen Chhour.
“In 2024, I identified four key priority areas that would make immediate improvements to the wellbeing and safety of children. I then directed the chief executive of Oranga Tamariki and his leadership team to provide regular updates on their progress, ensuring they are focussed and achieving their core purpose,” says Mrs Chhour.
The four key priorities for Oranga Tamariki are: 
•         Ensuring the safety of children and young people
•         Supporting caregivers 
•         Addressing youth offending
•         Improving complaint management and practice.
“While there is always more we can aspire to provide for these young people, I am pleased by the clear improvements being made. 
“The percentage of children in care who have been visited by their social worker within the target time to ensure their ongoing safety and wellbeing has hit 96% compliance, putting Oranga Tamariki well on track to hit 100% in the near future.
The amount of young people in Oranga Tamariki care with a current caregiver support plan that sets out the actions that will be taken to meet caregiver needs, to enable them to provide quality care, has improved by 13% since I put these targets in place and is nearing our target already,” says Mrs Chhour.
Improving complaint management and practice ensures that both young people and their families are able to raise their concerns, and that these concerns will be addressed meaningfully. 
“According to our latest report, the proportion of complaints audited that were handled in a way that fully met our high standards has made an 11% improvement and has already achieved its target.
“I am particularly pleased with the dramatic improvement against the reduction in youth offending target. 
“Our goal is to ensure a 15% reduction in the total number of children and young people with serious and persistent offending behaviour by 2030. As of this month we’ve already achieved a 12% reduction in less than a year.
“There is still work to be done, not all targets are being achieved just yet, but the hard work of everyone from social workers and caregivers to Ministers across multiple portfolios is clearly getting results.
“I feel confident that Oranga Tamariki is focussed on its core purpose – the safety of children and young people in its care,” says Mrs Chhour.
The report is here: https://www.orangatamariki.govt.nz/about-us/performance-and-monitoring/ministerial-priorities