2016 1st Quarter Appointment Figures
- There were 231 appointments in March 2016. 215 liquidations and 16 receiverships were recorded. The volume of liquidations is marginally down from last year while the number of receivership appointments was slightly up.
- Total insolvency appointments stand at 678 for the year to date.
- Applications made to the High Court to liquidate companies in March 2016 totalled 82 making a total for the year of 278. This is consistent with previous years.
How does 2016 compare thus far to the last five years?
2016 First Quarter
Administration – 5
Liquidation – 636
Receivership – 37
Total – 678
Grand Total: 2011 – 2016 (thus far)
Administration – 62
Liquidation – 13027
Receivership – 991
Total – 14080
What are your thoughts on the first quarter insolvency statistics? Any feedback, inquiries or comments are welcome. Please email Simon at sdalton@gerryrea.co.nz.