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Risk Watch Essentials – February 2020.

Categories: UncategorizedMarch 10, 2020
Categories: UncategorizedMarch 10, 2020

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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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