May 26, 2015

Corporate Insolvency levels continue to fall, following the latest ASIC statistics

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 TypeMarch Qtr 2015% Change March Qtr 2014
Court liquidations495-17.9%
Creditors’ voluntary
Voluntary administrations29825.7%


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.

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