New Zealand Insolvency Trends

New Zealand is experiencing its highest level of formal appointments in 15 years, reflecting sustained pressure across multiple sectors and a recovery that remains slow and uneven. Our latest New Zealand Insolvency Trends report highlights the sectors where financial stress is intensifying, the key forces driving this uplift, and the implications of rising insolvencies in respective sectors.

In 2025, New Zealand recorded 3,080 formal corporate appointments – a 12% year-on-year increase. The final quarter in 2025 was particularly notable, with 932 appointments, being the second highest Q4 since 2000. This is followed by the widespread impact of tighter financial conditions, elevated operating costs, and increased Inland Revenue enforcement activity.

Drawing on Companies Office data and Deloitte’s sector insights, this report offers an insightful view of the pressures facing New Zealand businesses today and the signals to watch as 2026 unfolds.