29th August 2014Australian Insolvency Statistics
The stats show although there was a 14.6% increase in initial appointments from the March to June quarter for this year, the June number is still significantly lower than last year. This follows a similar pattern to last year
Australian Insolvency Statistics
Calendar Year to date | June 2014 | June 2013 | June 2012 | June 2011 | June 2010 |
Initial Administration Appointments | 4,322 | 5,321 | 5,207 | 4,931 | 4,703 |
Increase/(decrease) On prior year | -18.77% | 2.19% | 5.6% | 4.85% | -3.21% |
The stats show although there was a 14.6% increase in initial appointments from the March to June quarter for this year, the June number is still significantly lower than last year. This follows a similar pattern to last year as detailed in the table below.
Initial Administration Appointments | 2014 | 2013 |
March quarter | 2,014 | 2,506 |
June quarter | 2,308 | 2,815 |
Increase Percentage Change | 14.6% | 12.33% |
For the 2013/2014 financial year, the break up of corporate appointments by industry is detailed in the table below.
Top Industries | Total Number | % |
Other Business & personal Services | 3,123 | 31.8% |
Construction | 1,800 | 18.3% |
Accommodation & food Services | 819 | 8.3% |
Retail trade | 765 | 7.8% |
Transport, postal & warehousing | 478 | 4.9% |
Manufacturing | 472 | 4.8% |
Rental, hiring & real estate services | 318 | 3.2% |
Wholesale Trade | 221 | 2.3% |
Agriculture, forestry & fishing | 218 | 2.2% |
Information media & telecommunications | 222 | 2.3% |
Electricity, gas, water & waste services | 189 | 1.9% |
Mining | 146 | 1.5% |
TOTAL | 9,822 | 100% |