Risk Watch Essentials - April 2020

Risk Watch Essentials - April 2020

The tables below summarise data essentials captured from our daily Risk Watch publication, which provides a synopsis of the insolvency market for April 2020.

No. of Registered Liquidators in Australia as at April 2020
Registered Liquidators    Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS   
TOTAL    636    243 (38%)    156 (25%)    105 (16%)    66 (10%)    10 (2%)    46 (7%)    2 (<1%)    8 (1%)
 
Winding Up applications filed with the Court in April 2020
Wind Up applications    Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS   
TOTAL 174    48 (28%)    78 (45%)    34 (20%)    4 (2%)    1 (1%)    7 (4%)    0 (0%)    2 (14%)

Analysis:
A total of 174 Winding Up applications were filed throughout Australia in April 2020, the majority of which were in Victoria (78 or 45%), New South Wales (48 or 28%), and Queensland (34 or 20%).

Formal Appointments in April 2020
 
Formal Appointments    Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS
TOTAL 634    229 (36%)    164 (26%)    132 (21%)    33 (5%)    31 (5%)    41 (6%)    2 (0%)    2 (0%)
Creditors'/Members' Voluntary Liquidation 377 154 (41%)    88 (23%)    60 (16%)    19 (5%)    29 (8%)    24 (6%)    2 (1%)    1 (0%)
Court Liquidation 140 42 (30%)    56 (40%)    22 (16%)    10 (7%)    1 (1%)    9 (6%)    0 (0%)    0 (0%)   
Voluntary Administration    117    33 (28%)    20 (17%)    50 (43%)    4 (3%)    1 (1%)    8 (7%)    0 (0%)    1 (1%)

Analysis:
There were a total of 634 formal appointments throughout Australia in April 2020, the majority of which were in New South Wales (229 or 36%), Victoria (164 or 26%) and Queensland (132 or 21%).

 
 
Menu