Key findings: P0043 - Statistics of Liquidations and insolvencies, May 2018

The total number of liquidations showed a year-on-year increase of 41,1% (51 more cases) in May 2018. Voluntary liquidations increased by 58 cases while compulsory liquidations decreased by 7 cases. There was an increase of 5,0% in the three months ended May 2018 compared with the three months ended May 2017.

The total number of liquidations recorded for the first five months of 2018 increased by 7,7% compared with the first five months of 2017. Company liquidations increased by 28,3% (from 332 to 426) and close corporation liquidations decreased by 10,9% (from 367 to 327) during this period.

The estimated number of insolvencies decreased by 5,0% year-on-year in April 2018. A 16,7% decrease was estimated in the three months ended April 2018 compared with the three months ended April 2017.