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

The total number of liquidations recorded increased by 2,3% (4 more cases) year-on-year in August 2016. Voluntary liquidations increased by 18 cases while compulsory liquidations decreased by 14 cases. Liquidations decreased by 7,0% in the three months ended August 2016 compared with the three months ended August 2015.

There was a decrease of 4,8% in the first eight months of 2016 compared with the first eight months of 2015. Close corporation liquidations decreased by 10,2% (from 674 to 605) and company liquidations increased by 0,4% (from 687 to 690) during this period.

The estimated number of insolvencies increased by 2,3% year-on-year in July 2016. A 0,6% increase was estimated between the three months ended July 2015 and the three months ended July 2016. There was an increase of 2,2% in the first seven months of 2016 compared with the first seven months of 2015.