Risk Watch Essentials - January 2021

Risk Watch Essentials - January 2021

The tables below summarises the data essentials captured from our daily Risk Watch publication, which provides a synopsis of the insolvency market for January 2021.

No. of Registered Liquidators in Australia as at January 2021

Registered Liquidators Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS
TOTAL 644    246 (38%)    160 (25%)    108 (16%)    64 (10%)    10 (2%)    46 (7%)    2 (<1%)    8 (1%)

Winding Up applications filed with the Court in January 2021

Winding Up applications    Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS
TOTAL 31    7 (23%)    11 (35%)    5 (16%)       1 (3%)    0 (0%)    7 (23%)    0 (0%) 0 (0%)

Analysis:
A total of 31 Winding Up applications were filed throughout Australia in January 2021, the majority of which were in Victoria (11 or 35%), New South Wales and South Australia each had (7 or 23%). There were no winding up applications filed in the Australian Capital Territory, Northern Territory or Tasmania during January 2021.

Formal Appointments in January 2021

Formal Appointments Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS
TOTAL 311    156 (50%)    66 (21%)    47 (15%)    13 (4%)    8 (3%)    16 (5%)    1 (0%)    4 (1%)
Creditors'/Members' Voluntary Liquidation 275 138 (50%) 58 (21%) 42 (15%) 12 (4%) 8 (3%) 12 (4%) 1 (0%) 4 (1%)
Court Liquidation 11 4 (36%) 3 (27%) 1 (9%) 1 (9%) (0%) 2 (18%) (0%) (0%)
Voluntary Administration 25 14 (56%) 5 (20%) 4 (16%) 0 (0%) (0%) 2 (8%) (0%) (0%)

Analysis:
There were a total of 311 formal appointments throughout Australia in January 2021, the majority of which were in New South Wales (156 or 50%), Victoria (66 or 21%) and Queensland (47 or 15%).

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