Risk Watch Essentials – February 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%).
