Risk Watch Essentials – May 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 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%).
