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

The total number of liquidations decreased by 22,8% (36 fewer cases) year-on-year in June 2016. Compulsory liquidations decreased by 19 cases and voluntary liquidations decreased by 17 cases. Liquidations decreased by 10,6% in the second quarter of 2016 compared with the second quarter of 2015.

During the first six months of 2016, the number of liquidations reflected a decrease of 6,5%. Close corporation liquidations decreased by 8,8% (from 487 to 444) and company liquidations decreased by 4,3% (from 507 to 485) during this period.

The estimated number of insolvencies increased by 3,0% year-on-year in May 2016. A 5,1% increase was estimated between the three months ended May 2015 and the three months ended May 2016. There was an increase of 3,4% in the first five months of 2016 compared with the first five months of 2015.