The tables and graphs below summarise the data essentials captured from our daily Risk Watch publication, which provides a synopsis of the insolvency market for November 2022.

Small Business Restructuring

During the month of November 2022, 41 companies appointed a Restructuring Practitioner in relation to the Debtor in Possession restructuring process for small businesses.

Rodgers Reidy is the leading appointee for appointments in relation to Small Business Restructuring.  We have achieved excellent results for our clients, restructuring their businesses and saving the vast majority from a formal liquidation or administration. We urge directors to consider this an option and act early.  Feel free to contact your local Rodgers Reidy office to discuss whether this option is right for your clients.

Winding Up applications filed with the Court in November 2022

Winding Up applications	Australia	NSW		VIC		QLD		WA		ACT		SA		NT		TAS
TOTAL	(No.)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)
	183	48	26	82	45	36	20	9	5	3	2	4	2	1	<1%	0	0

There were thirteen (13) winding up applications filed by the ATO in November 2022.  This is only a fraction of the number of the winding up applications that the ATO routinely filed prior to the pandemic.

Formal Appointments in November 2022

Formal Appointments	Australia	NSW		VIC		QLD		WA		ACT		SA		NT		TAS
TOTAL	(No.)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)	(No.)	(%)
	709	338	48	161	23	119	17	43	6	14	2	29	4	2	0	3	0
Court Liquidation	106	36	34	33	31	26	25	5	5	0	0	5	5	1	1	0	0
Creditors’/Members’ Voluntary Liquidation	496	257	52	99	20	77	16	21	4	14	3	24	5	1	<1%	3	<1%
Voluntary Administration	107	45	42	29	27	16	15	17	16	0	0	0	0	0	0	0	0

Rodgers Reidy is one of the foremost providers of insolvency, forensic and reconstruction services to distressed businesses throughout Australia, New Zealand and Asia. With a strong commitment to integrity and the community, Rodgers Reidy provides a professional and quality service, offering innovative, cost effective solutions.  Please contact any of our directors by clicking the appropriate office below for an initial consultation free of charge.

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