Risk Watch Essentials - January 2020

Risk Watch Essentials - January 2020

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

NO. OF REGISTERED LIQUIDATORS IN AUSTRALIA AS AT JANUARY 2020

  Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS
Number 642   

246

159 105 65 10 47 2 8
%   38% 25% 16% 10% 2% 7% <1% 1%

WINDING UP APPLICATIONS FILED WITH THE COURT IN JANUARY 2020

  Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS
Number 310 77 113 78 16 4 20 2 0
%   25% 36% 25% 5% 1% 6% 1% 0%

Analysis:
A total of 310 Winding Up applications were filed throughout Australia in January 2020, the majority of which were in Victoria (113 or 36%), Queensland (78 or 25%) and New South Wales (77 or 25%).

FORMAL APPOINTMENTS IN JANUARY 2020

  Australia    NSW    VIC    QLD    WA    ACT    SA    NT TAS
TOTAL 457 177  (39%)      139 (30%) 68 (15%) 30 (7%)   18 (4%) 21 (5%)  2 (0%)  2 (0%)
Creditors'/Members Voluntary Liquidation 320    143 (45%)    76 (24%)    49 (15%)    19 (6%)    18 (6%)    11 (3%)    2 (1%)    2 (1%)
Court Liquidation 63    9 (14%)    31 (49%)    11 (17%)    6 (10%)      0 (0%)    6 (10%)    0 (0%)    0 (0%)
Voluntary Administration 74 25 (34%)    32 (43%)    8 (11%)    5 (7%)    0 (0%)    4 (5%)    0 (0%)    0 (0%)

Analysis:
There were a total of 457 formal appointments throughout Australia in January 2020, the majority of which were in New South Wales (177 or 39%), Victoria (139 or 30%) and Queensland (68 or 15%).

Menu