State breakdown
We have examined the number of insolvencies by state for calendar year 2012 and compared that to the average of the same period over the previous five years. Below is a graph of the percentage increase in 2012 for each state.
The statistics show that every state have experienced an increase in insolvency numbers in 2012 but the results vary significantly.
The standout is Queensland. Queensland insolvencies had been slowly trending up late in 2011 into January 2012 but February has seen the large increase we were expecting since the floods. 273 Queensland companies entered some form of insolvency administration in February 2012. This is a record high for Queensland, the previous record being 220 back in March 2009.
February 2012 was also a record month for New South Wales with 453 insolvency appointments.
The increases in Tasmania and Northern Territory are also high, however the raw numbers for those states are small and so the percentage increase must be treated with some caution.
The full list of our statistics including some graphs and comments is:
- Statistics for a summary of all relevant statistics and our comments
- ASIC statistics for an overview and our comments on the ASIC statistics
- Company Insolvencies per Year (ASIC based statistics)
- Insolvency Appointments by Secured Creditors per Year (ASIC based statistics)
- Restructurings as a percentage of Company Insolvencies (ASIC based statistics)
- State Breakdown (ASIC based statistics)
- Reserve Bank of Australia statistics for an overview and our comments on the RBA statistics
- Bank Lending to Business (RBA based statistics)
- Household Debt to Annual Disposable Income (RBA based statistics)
