The March Quarter 2015 corporate insolvency statistics reflect a fall of 2.1% with respect to companies entering external administration, in comparison to the March 2014 quarter. Appointments for the March quarter totalled 1,971. The main industries affected were other business and personal services (683), Construction (353) and other industries (177).
Type of administration
| Appointment Type | March Qtr 2015 | % Change March Qtr 2014 |
|---|---|---|
| Court liquidations | 495 | -17.9% |
| Creditors’ voluntary liquidations | 1,010 | 8.0% |
| Receiverships | 166 | -30.5% |
| Voluntary administrations | 298 | 25.7% |
| Total | 1,969 | -2.2% |
Number of external administration appointments by region
QLD – 409
% change from Mar 2014 -3.5%
NSW – 728
% change from Mar 2014 -0.1%
VIC – 522
% change from Mar 2014 -5.8%
If you would like more advice on how SV Partners can assist your clients with corporate insolvency matters, please contact one of our expert advisors on 1800 246 801.