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

The total number of liquidations recorded decreased by 2,6% (5 fewer cases) year-on-year in July 2016. Compulsory liquidations decreased by 9 cases while voluntary liquidations increased by 4 cases. Liquidations decreased by 8,2% in the three months ended July 2016 compared with the three months ended July 2015.

There was a decrease of 5,9% in the first seven months of 2016 compared with the first seven months of 2015. Close corporation liquidations decreased by 10,8% (from 584 to 521) and company liquidations decreased by 1,2% (from 600 to 593) during this period.

The estimated number of insolvencies decreased by 3,4% year-on-year in June 2016. A 3,7% increase was estimated between the second quarter of 2015 and the second quarter of 2016. There was an increase of 2,2% in the first six months of 2016 compared with the first six months of 2015.