BICB Recorded Administrator Appointments

Since last reported, (in last month’s newsletter), we have recorded 35 Applications for Wind-up. The ATO are listed as the Applicant in 54% of these listings. Company Applicant State Hearing Date Tierra Built Pty Ltd Eaton & Sons Pty Ltd NSW 30/01/2019 Adant Services Group Pty Ltd Powerark Solar Pty Ltd VIC 30/01/2019 Lxora Construction…

We recorded 61 liquidator appointments in December 2018 and 35 appointments in January 2019. The appointments in December were the highest ever recorded by BICB. Company (In Liquidation) Appointed Region Zion Industries Pty Ltd 23/11/2018 QLD Allec Electrical Services Pty Ltd 23/11/2018 QLD KNG Scaffold Pty Ltd 30/11/2018 SA Platinum Homes & Additions Pty Ltd…

Liquidators were appointed to 61 companies listed in BICB’s database during the month of December 2018. This is the highest ever recorded for a single month by BICB. QLD-16, NSW-13, VIC-20, SA-4, WA-7, NT-1.

In the first 6 months of the current financial year, (July to December) BICB reported liquidations averaged 50 per month compared to 25 per month last year. This is significantly higher, 100%, than last year. Growth in members data would account for some of this increase.