The graph below represents formal appointments from the start of 2017 to the end of 2021 on a quarterly basis. The graph indicates that the number of formal appointments continue to be well below pre pandemic levels with no sign of increasing.

Source: https://asic.gov.au/regulatory-resources/find-a-document/statistics/insolvency-statistics/

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 January 2022.

In addition to the tables below, three (3) companies appointed a Restructuring Practitioner during the month of January 2022 in relation to the Debtor in Possession restructuring process for small businesses.

Winding Up applications filed with the Court in January 2022

Winding Up Applications	Australia	NSW	VIC	QLD	WA	ACT	SA	NT	TAS
TOTAL	108	33 (31%)	29 (27%)	26 (24%)	11 (10%)	2 (2%)	5 (5%)	0 (0%)	2 (2%)

There were no winding up applications filed by the ATO in January 2022

Formal Appointments in January 2022

Formal Appointments	Australia	NSW	VIC	QLD	WA	ACT	SA	NT	TAS
TOTAL	300	128 (43%)	67 (22%)	60 (20%)	22 (7%)	4 (1%)	15 (5%)	1 (0%)	3 (1%)
Court Liquidation	53	7 (13%)	19 (36%)	16 (30%)	7 (13%)	0 (0%)	4 (8%)	0 (0%)	0 (0%)
Creditors’/Members’ Voluntary Liquidation	225	114 (51%)	43 (19%)	37 (16%)	13 (6%)	4 (2%)	10 (4%)	1 (0%)	3 (1%)
Voluntary Administration	22	7 (32%)	5 (23%)	7 (32%)	2 (9%)	0 (0%)	1 (5%)	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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