Key findings: P0043 - Statistics of Liquidations and insolvencies, December 2019

The number of liquidations increased by 10,7% in 2019 compared with 2018. This followed annual changes of -1,2% in 2018 and -3,4% in 2017. Company liquidations increased by 11,0% (from 972 to 1 079) and close corporation liquidations increased by 10,3% (from 873 to 963) between 2018 and 2019.The total number of liquidations recorded in December 2019 decreased by 5,0% compared with December 2018.

 The estimated number of insolvencies increased by 14,5% in the three months ended November 2019 compared with the three months ended November 2018. A 6,7% increase was estimated in November 2019 compared with November 2018.

 Seasonally adjusted insolvencies increased by 2,9% in November 2019 compared with October 2019. This followed month-on-month changes of 5,8% in October 2019 and -7,8% in September 2019.