Key findings: P0043 - Statistics of Liquidations and insolvencies, May 2016

The number of liquidations decreased by 1,1% year-on-year in May 2016. Compulsory liquidations decreased by 6 cases, while voluntary liquidations increased by 4 cases over this period. Liquidations decreased by 11,6% in the three months ended May 2016 compared with the three months ended May 2015.

There was a decrease of 3,5% in the first five months of 2016 compared with the first five months of 2015. Close corporation liquidations decreased by 7,6% (from 419 to 387) and company liquidations increased by 0,7% (from 417 to 420) during this period.

The estimated number of insolvencies increased by 12,6% year-on-year in April 2016. There was an increase of 2,7% in the three months ended April 2016 compared with the three months ended April 2015.