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%).