Key findings: P0043 - Statistics of Liquidations and insolvencies, April 2017

The total number of liquidations showed a year-on-year increase of 6,4% (9 more cases) in April 2017. Voluntary liquidations increased by 29 cases while compulsory liquidations decreased by 20 cases. There was a decrease of 2,2% in the three months ended April 2017 compared with the three months ended April 2016. Company liquidations decreased by 9,3% (from 258 to 234) and close corporation liquidations increased by 5,5% (from 237 to 250) during this period.

The estimated number of insolvencies decreased by 24,2% year-on-year in March 2017. A 17,6% decrease was estimated in the first quarter of 2017 compared with the first quarter of 2016.Seasonally adjusted insolvencies decreased by 15,6% in March 2017 compared with February 2017. This followed month-on-month changes of -3,4% in February 2017 and
-2,4% in January 2017.