Risk Watch Essentials - February 2020

Risk Watch Essentials - February 2020

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

NO. OF REGISTERED LIQUIDATORS IN AUSTRALIA AS AT FEBRUARY 2020

  Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS
Number 640    244    158    106    65    10    47    2    8
%     38    25    16    10    2    7    <1    1

WINDING UP APPLICATIONS FILES WITH THE COURT IN FEBRUARY 2020

  Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS
Number 225    103    78    25    8    2    4    0    5
%   46    35    11    4    1    2    0    2

Analysis:
A total of 225 Winding Up applications were filed throughout Australia in February 2020, the majority of which were in New South Wales (103 or 46%), Victoria (78 or 35%) and Queensland (25 or 11%).

FORMAL APPOINTMENTS IN FEBRUARY 2020

  Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS
TOTAL 752   

305

(41%)   

220

(29%)   

123

(16%)   

40

(5%)   

13

(2%)   

42

   (6%)

5

(1%)   

4

(1%)

Creditors'/Members' Voluntary Liquidation

435   

181

(42%)   

111

(26%)   

66

(15%)   

23

(5%)   

11

(3%)   

36

(8%)   

4

(1%)   

3

(1%)

Court Liquidation 199   

83

(42%)   

62

(31%)   

39

(20%)   

7

(4%)   

2

(1%)   

4

(2%)   

1

(1%)   

1

(1%)

Voluntary Administration 118   

41

(35%)   

47

(40%)   

18

(15%)   

10

(8%)   

0

(0%)   

2

(2%)   

0

(0%)

0

(0%)

Analysis:
There were a total of 752 formal appointments throughout Australia in February 2020, the majority of which were in New South Wales (305 or 41%), Victoria (220 or 29%) and Queensland (123 or 16%).

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