Risk Watch Essentials - May 2020

Risk Watch Essentials - May 2020

Risk Watch Essentials - May 2020

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

 No. of Registered Liquidators in Australia as at May 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 May 2020

 

Winding Up applications

Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS
TOTAL 132    32 (24%)    63 (48%)    17 (13%)    9 (7%)    1 (1%)    9 (7%)    0 (0%)    1 (1%)

Analysis:
A total of 132 Winding Up applications were filed throughout Australia in Mayl 2020, the majority of which were in Victoria (63 or 48%), New South Wales (32 or 24%), and Queensland (17 or 13%).

Formal Appointments in May 2020

Formal Appointments    Australia    NSW    VIC    QLD    WA    ACT    SA    NT    TAS
TOTAL 476    185 (39%   ) 148 (31%)    83 (18%)    25 (5%)    9 (2%)    21 (4%)    0 (0%)    2 (0%)
Creditors'/Members' Voluntary Liquidation 321 134 (42%)    93 (29%)    55 (17%)    16 (5%)    8 (2%)    14 (4%)    0 (0%)    1 (0%)
Court Liquidation 90 31 (34%)    36 (40%)    14 (16%)    3 (3%)    0 (0%)    6 (7%)    0 (0%)    0 (0%)
Voluntary Administration 62 20 (32%)    19 (31%)    14 (23%)    6 (10%)    1 (2%)    1 (2%)    0 (0%)    1 (2%)

Analysis:
There were a total of 473 formal appointments throughout Australia in May 2020, the majority of which were in New South Wales (185 or 39%), Victoria (148 or 31%) and Queensland (83 or 18%).

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