Risk Watch Essentials - March 2020

Risk Watch Essentials - March 2020

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

No. of Registered Liquidators in Australia as at March 2020
 
Registered Liquidators Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS   
TOTAL    635   

243  (38%)

156  (25%)    105  (16%)    64 (10%)    10  (2%)    47  (7%)    2  (<1%   ) 8  (1%)

 

Winding Up applications filed with the Court in March 2020
 
Winding Up Applications Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS   
   TOTAL 222    75  (34%)    83  (37%)    38  (17%)    15  (7%)    0  (0%)    8  (4%)    0  (0%)    3  (1%)   

Analysis:
A total of 222 Winding Up applications were filed throughout Australia in March 2020, the majority of which were in Victoria (83 or 37%), New South Wales (75 or 34%), and Queensland (38 or 17%).

Formal Appointments in March 2020
 
 
Formal Appointments    Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS   
TOTAL 797    334 (42%)    209 (26%)    142 (18%)    53 (7%)    15 (2%)    30 (4%)    4 (1%)    10 (1%)
Creditors'/Members' Voluntary Liquidation 509 207 (41%)    127 (25%)    104 (20%)    31 (6%)    13 (3%)    21 (4%)    1 (0%)    5 (1%)
Court Liquidation 177 72 (41%)    57 (32%)    28 (16%)    10 (6%)    1 (1%)    7 (4%)    1 (1%)    1 (1%)
Voluntary Administration 111 55 (50%)    25 (23%)    10 (9%)    12 (11%)    1 (1%)    2 (2%)    2 (2%)    4 (4%)
 

Analysis:
There were a total of 797 formal appointments throughout Australia in March 2020, the majority of which were in New South Wales (334 or 42%), Victoria (209 or 26%) and Queensland (142 or 18%).

 

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