Insolvency Statistics – August 2015
Market Commentary
Dairy prices have been back in the news again for both bad and then good reasons. Global prices dropped earlier in the month and then pulled back in the last auction. Meanwhile, Fonterra are actively cost cutting in an effort to maintain payouts to farmers.
The kiwi dollar dropped further against the pound earlier in the month but gained back some momentum against most major currencies in the last week. It certainly gained against the US Dollar on the back of an expected interest rate increase in the US but was also up against the Aussie and the Yen. Volatility seems to be the one word to describe the currency markets this month.
In Auckland, the question many commentators are asking is whether or not the property market has cooled. Certainly the volume of house sales has slowed a little but may be due to a brief increase in supply. Only time will tell.
On the technology front, Windows 10 is taking over the world! All commentators seem to agree that its a great platform and the massive volume of people downloading this latest operating system would seem to add weight to that.
May, June & July Comparison of
Insolvency Appointments 2011, 2012, 2013, 2014 & 2015
What the figures are showing?
- There were 209 insolvency appointments in July 2015 which is down on last year but comparable to previous years. There were 5 receivership appointments, 200 liquidations recorded and 4 administrations.
- The total number of insolvency appointments for the year to date were 1428 which is lower than previous years.
- Applications made to the High Court to liquidate companies totaled 93 for July 2015, 71 of which were made by the IRD.
Year to Date Comparison of Insolvency Appointments 2011 to 2015
